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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest Income        
Loans receivable $ 75,488 $ 63,003 $ 214,322 $ 178,961
Investment securities – taxable 8,133 8,788 23,481 26,253
Investment securities – tax exempt 6,310 7,002 19,138 21,617
Other 957 1,332 6,192 1,960
Total interest income 90,888 80,125 263,133 228,791
Interest Expense        
Deposits 30,787 24,704 87,224 58,481
Borrowed funds 11,131 11,224 34,274 30,713
Subordinated notes 830 880 2,490 2,641
Junior subordinated debentures issued to capital trusts 1,230 1,227 3,668 3,469
Total interest expense 43,978 38,035 127,656 95,304
Net Interest Income 46,910 42,090 135,477 133,487
Credit loss expense 1,044 263 4,218 1,185
Net Interest Income after Credit Loss Expense 45,866 41,827 131,259 132,302
Non–interest Income        
Service charges on deposit accounts 3,320 3,086 9,664 9,135
Wire transfer fees 123 120 337 345
Interchange fees 3,511 3,186 10,446 9,637
Fiduciary activities 1,394 1,206 4,081 3,728
(Loss) on sale of investment securities 0 0 0 (480)
Gain on sale of mortgage loans 1,622 1,582 3,144 3,372
Mortgage servicing income, net 412 631 1,301 1,984
Increase in cash value of bank owned life insurance 349 1,055 965 3,051
Other income 780 964 1,987 1,675
Total non–interest income 11,511 11,830 31,925 32,447
Non–interest Expense        
Salaries and employee benefits 21,829 20,058 62,680 58,932
Net occupancy expenses 3,207 3,283 9,945 10,095
Data processing 2,977 2,999 8,020 8,684
Professional fees 676 707 1,997 1,873
Outside services and consultants 3,677 2,316 10,094 7,548
Loan expense 1,034 1,120 2,791 3,635
FDIC insurance expense 1,204 1,300 3,839 2,680
Core deposit intangible amortization 844 903 2,560 2,709
Other losses 297 188 828 543
Other expense 3,527 3,294 11,147 10,255
Total non–interest expense 39,272 36,168 113,901 106,954
Income Before Income Taxes 18,105 17,489 49,283 57,795
Income tax expense (benefit) (75) 1,284 2,972 4,599
Net Income $ 18,180 $ 16,205 $ 46,311 $ 53,196
Basic earnings per share (in USD per share) $ 0.42 $ 0.37 $ 1.06 $ 1.22
Diluted earnings per share (in USD per share) $ 0.41 $ 0.37 $ 1.05 $ 1.21