XML 14 R4.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest income:        
Loans $ 69,699 $ 71,896 $ 204,538 $ 209,791
Taxable investment securities 5,578 7,150 18,146 21,126
Tax-exempt investment securities 8,245 9,813 25,209 31,611
MBS 14,174 11,976 40,737 33,179
FHLB stock and equity investments 374 582 1,381 1,488
Other interest earning assets 3,826 4,286 10,735 15,452
Total interest and dividend income 101,896 105,703 300,746 312,647
Interest expense:        
Deposits 38,758 38,532 113,432 115,196
FHLB borrowings 2,847 6,488 12,405 18,893
Subordinated notes 2,319 937 4,186 2,829
Trust preferred subordinated debentures 1,025 1,180 3,054 3,526
Other borrowings 1,229 3,102 3,833 9,783
Total interest expense 46,178 50,239 136,910 150,227
Net interest income 55,718 55,464 163,836 162,420
Provision for (reversal of) credit losses 1,092 2,389 2,472 1,962
Net interest income after provision for credit losses 54,626 53,075 161,364 160,458
Noninterest income:        
Deposit services 6,069 6,199 18,023 18,341
Net gain (loss) on sale of securities AFS (24,395) (1,929) (24,949) (2,510)
Gain (loss) on sale of loans 164 115 318 (101)
Trust fees 2,081 1,628 5,725 4,420
BOLI 871 857 2,503 3,408
Brokerage services 1,172 1,068 3,511 3,163
Other 2,048 233 5,247 2,731
Total noninterest income (loss) (11,990) 8,171 10,378 29,452
Noninterest expense:        
Salaries and employee benefits 22,803 22,233 67,457 67,330
Net occupancy 3,761 3,613 10,786 10,725
Advertising, travel & entertainment 907 734 2,781 2,479
ATM expense 444 412 1,227 1,105
Professional fees 1,451 1,206 4,372 3,435
Software and data processing 2,770 2,951 8,636 8,667
Communications 321 423 1,046 1,282
FDIC insurance 920 939 2,822 2,859
Amortization of intangibles 172 278 593 922
Other 3,985 3,543 14,160 10,174
Total noninterest expense 37,534 36,332 113,880 108,978
Income before income tax expense 5,102 24,914 57,862 80,932
Income tax expense 189 4,390 9,629 14,224
Net income $ 4,913 $ 20,524 $ 48,233 $ 66,708
Earnings per common share - basic (in dollars per share) $ 0.16 $ 0.68 $ 1.59 $ 2.20
Earnings per common share - diluted (in dollars per share) 0.16 0.68 1.59 2.20
Cash dividends paid per common share (in dollars per share) $ 0.36 $ 0.36 $ 1.08 $ 1.08