XML 16 R4.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest income:        
Loans $ 67,249 $ 69,684 $ 134,839 $ 137,895
Taxable investment securities 6,205 7,009 12,568 13,976
Tax-exempt investment securities 8,483 10,710 16,964 21,798
MBS 13,040 11,084 26,563 21,203
FHLB stock and equity investments 524 573 1,007 906
Other interest earning assets 3,061 5,126 6,909 11,166
Total interest and dividend income 98,562 104,186 198,850 206,944
Interest expense:        
Deposits 37,427 38,466 74,674 76,664
FHLB borrowings 3,721 6,455 9,558 12,405
Subordinated notes 935 936 1,867 1,892
Trust preferred subordinated debentures 1,015 1,171 2,029 2,346
Other borrowings 1,198 3,550 2,604 6,681
Total interest expense 44,296 50,578 90,732 99,988
Net interest income 54,266 53,608 108,118 106,956
Provision for (reversal of) credit losses 622 (485) 1,380 (427)
Net interest income after provision for credit losses 53,644 54,093 106,738 107,383
Noninterest income:        
Deposit services 6,125 6,157 11,954 12,142
Net gain (loss) on sale of securities AFS 0 (563) (554) (581)
Gain (loss) on sale of loans 99 220 154 (216)
Trust fees 1,879 1,456 3,644 2,792
BOLI 833 1,767 1,632 2,551
Brokerage services 1,219 1,081 2,339 2,095
Other 1,990 1,439 3,199 2,498
Total noninterest income 12,145 11,557 22,368 21,281
Noninterest expense:        
Salaries and employee benefits 22,272 21,984 44,654 45,097
Net occupancy 3,621 3,750 7,025 7,112
Advertising, travel & entertainment 950 795 1,874 1,745
ATM expense 405 368 783 693
Professional fees 1,401 1,075 2,921 2,229
Software and data processing 3,027 2,860 5,866 5,716
Communications 342 410 725 859
FDIC insurance 955 977 1,902 1,920
Amortization of intangibles 198 307 421 644
Other 6,086 3,239 10,175 6,631
Total noninterest expense 39,257 35,765 76,346 72,646
Income before income tax expense 26,532 29,885 52,760 56,018
Income tax expense 4,719 5,212 9,440 9,834
Net income $ 21,813 $ 24,673 $ 43,320 $ 46,184
Earnings per common share - basic (in dollars per share) $ 0.72 $ 0.81 $ 1.43 $ 1.52
Earnings per common share - diluted (in dollars per share) 0.72 0.81 1.42 1.52
Cash dividends paid per common share (in dollars per share) $ 0.36 $ 0.36 $ 0.72 $ 0.72