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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
INTEREST INCOME:    
Interest and fees on loans $ 64,436 $ 57,862
Taxable interest on investment securities 11,739 14,834
Nontaxable interest on investment securities 139 181
Interest on interest earning deposits 1,052 1,476
Total interest income 77,366 74,353
INTEREST EXPENSE:    
Deposits 19,489 16,388
Junior subordinated debentures 471 547
Borrowings 3,716 5,888
Interest Expense, Operating, Total 23,676 22,823
Net interest income 53,690 51,530
Provision for credit losses 51 1,392
Net interest income after provision for credit losses 53,639 50,138
NONINTEREST INCOME:    
Loss on sale of investment securities, net (3,887) (9,973)
Gain on sale of loans, net 0 26
Bank owned life insurance income 918 920
Gain on sale of other assets, net 3 0
Other income 2,161 1,500
Total noninterest income 3,903 (2,900)
NONINTEREST EXPENSE:    
Compensation and employee benefits 25,799 25,476
Occupancy and equipment 4,926 4,932
Data processing 3,897 3,331
Marketing 335 211
Professional services 734 567
State/municipal business and use taxes 1,220 1,300
Federal deposit insurance premium 812 795
Amortization of intangible assets 303 421
Other expense 3,357 3,337
Total noninterest expense 41,383 40,370
Income before income taxes 16,159 6,868
Income tax expense 2,248 1,120
Net income $ 13,911 $ 5,748
Basic earnings per share (in dollars per share) $ 0.41 $ 0.17
Diluted earnings per share (in dollars per share) 0.40 0.16
Dividends declared per share (in dollars per share) $ 0.24 $ 0.23
Average Number of Basic Common Shares Outstanding (in shares) 34,012,490 34,825,471
Average number of diluted shares outstanding (in shares) 34,506,238 35,227,138
Net Income $ 13,911 $ 5,748
Service charges and other fees    
NONINTEREST INCOME:    
Service charges, other fees and card revenue 2,975 2,788
Card revenue    
NONINTEREST INCOME:    
Service charges, other fees and card revenue $ 1,733 $ 1,839