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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest income:        
Interest and fees on loans and leases $ 113,157 $ 116,547 $ 329,275 $ 339,729
Interest and dividends on taxable investment securities 17,932 15,132 48,897 43,892
Interest on tax-exempt investment securities 937 988 2,865 2,985
Other interest income 782 953 2,720 5,377
Total interest income 132,808 133,620 383,757 391,983
Interest expense:        
Interest on deposits 33,890 37,249 102,930 104,968
Interest on short-term borrowings 4,044 4,051 5,940 14,457
Interest on long-term borrowings 3,525 3,408 10,706 10,393
Total interest expense 41,459 44,708 119,576 129,818
Net interest income 91,349 88,912 264,181 262,165
Provision for credit losses 7,280 6,735 34,112 18,520
Net interest income after provision for credit losses 84,069 82,177 230,069 243,645
Non-interest income:        
Insurance income 4,469 4,271 15,072 14,878
Lease income 3,622 3,045 11,257 7,208
Bank owned life insurance income 1,143 460 3,388 2,997
Mortgage banking income 245 1,051 861 1,615
Net loss on asset disposals and other transactions (478) (795) (1,119) (1,564)
Net loss on investment securities (2,580) (74) (2,582) (428)
Other non-interest income 1,180 1,075 4,130 3,134
Total non-interest income 23,827 24,794 77,806 74,277
Non-interest expense:        
Salaries and employee benefit costs 38,698 37,085 117,412 112,542
Data processing and software expense 7,356 6,111 21,717 18,623
Net occupancy and equipment expense 5,896 5,905 17,198 18,330
Professional fees 2,798 2,896 9,495 8,798
Amortization of other intangible assets 2,211 2,786 6,635 8,361
Electronic banking expense 2,161 1,844 6,204 5,566
Other loan expenses 1,385 1,178 3,717 3,290
Federal Deposit Insurance Corporation ("FDIC") insurance expense 1,284 1,241 3,786 3,678
Operating lease expense 1,039 1,010 3,077 2,437
Marketing expense 1,001 971 2,622 2,708
Franchise tax expense 916 917 2,523 2,558
Travel and entertainment expense 796 795 2,009 1,933
Communication expense 664 814 2,110 2,349
Other non-interest expense 3,689 2,537 12,538 12,140
Total non-interest expense 69,894 66,090 211,043 203,313
Income before income taxes 38,002 40,881 96,832 114,609
Income tax expense 8,526 9,197 21,808 24,334
Net income $ 29,476 $ 31,684 $ 75,024 $ 90,275
Earnings per common share - basic (in usd per share) $ 0.83 $ 0.90 $ 2.13 $ 2.57
Earnings per common share - diluted (in usd per share) $ 0.83 $ 0.89 $ 2.10 $ 2.55
Weighted-average number of common shares outstanding - basic (in shares) 35,003,054 34,793,704 34,957,341 34,766,281
Weighted-average number of common shares outstanding - diluted (in shares) 35,398,809 35,199,383 35,327,816 35,106,712
Cash dividends declared $ 14,655 $ 14,174 $ 43,498 $ 42,116
Cash dividends declared per common share (in usd per share) $ 0.41 $ 0.40 $ 1.22 $ 1.19
Electronic banking income        
Non-interest income:        
Revenue from contract with customer $ 6,538 $ 6,359 $ 18,695 $ 18,875
Trust and investment income        
Non-interest income:        
Revenue from contract with customer 5,414 4,882 15,756 14,480
Deposit account service charges        
Non-interest income:        
Revenue from contract with customer $ 4,274 $ 4,520 $ 12,348 $ 13,082