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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income:    
Interest and fees on loans and leases $ 107,302 $ 110,749
Interest and dividends on taxable investment securities 15,372 13,919
Interest on tax-exempt investment securities 968 1,003
Other interest income 900 1,922
Total interest income 124,542 127,593
Interest expense:    
Interest on deposits 35,164 32,450
Interest on short-term borrowings 508 5,038
Interest on long-term borrowings 3,615 3,465
Total interest expense 39,287 40,953
Net interest income 85,255 86,640
Provision for credit losses 10,190 6,102
Net interest income after provision for credit losses 75,065 80,538
Non-interest income:    
Insurance income 6,054 6,498
Lease income 3,446 2,016
Bank owned life insurance income 1,133 1,500
Mortgage banking income 396 321
Net loss on investment securities (2) (1)
Net loss on asset disposals and other transactions (361) (341)
Other non-interest income 1,472 918
Total non-interest income 27,099 25,779
Non-interest expense:    
Salaries and employee benefit costs 39,821 38,893
Data processing and software expense 7,005 5,769
Net occupancy and equipment expense 5,612 6,283
Professional fees 3,087 2,967
Amortization of other intangible assets 2,213 2,788
Electronic banking expense 2,025 1,781
Federal Deposit Insurance Corporation ("FDIC") insurance expense 1,251 1,186
Other loan expenses 1,119 1,076
Operating lease expense 985 639
Franchise tax expense 929 881
Marketing expense 903 1,056
Communication expense 734 799
Travel and entertainment expense 500 608
Other non-interest expense 4,603 3,739
Total non-interest expense 70,787 68,465
Income before income taxes 31,377 37,852
Income tax expense 7,041 8,268
Net income $ 24,336 $ 29,584
Earnings per common share - basic (in usd per share) $ 0.69 $ 0.85
Earnings per common share - diluted (in usd per share) $ 0.68 $ 0.84
Weighted-average number of common shares outstanding - basic (in shares) 34,895,723 34,740,349
Weighted-average number of common shares outstanding - diluted (in shares) 35,297,135 35,051,810
Cash dividends declared $ 14,227 $ 13,745
Cash dividends declared per common share (in usd per share) $ 0.40 $ 0.39
Electronic banking income    
Non-interest income:    
Revenue from contract with customer $ 5,885 $ 6,046
Trust and investment income    
Non-interest income:    
Revenue from contract with customer 5,061 4,599
Deposit account service charges    
Non-interest income:    
Revenue from contract with customer $ 4,015 $ 4,223