v3.25.4
Consolidated Statements of Income - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
INTEREST AND DIVIDEND INCOME      
Loans $ 240,616,000 $ 215,380,000 $ 191,295,000
Securities 176,272,000 177,247,000 161,003,000
Interest-bearing deposits in banks 5,341,000 8,669,000 5,779,000
Total interest and dividend income 422,229,000 401,296,000 358,077,000
INTEREST EXPENSE      
Deposits 121,554,000 113,461,000 81,124,000
Borrowed funds 2,891,000 5,405,000 15,642,000
Total interest expense 124,445,000 118,866,000 96,766,000
NET INTEREST INCOME 297,784,000 282,430,000 261,311,000
Provision for credit losses 16,323,000 10,284,000 14,670,000
Net interest income after provision for credit losses 281,461,000 272,146,000 246,641,000
NON-INTEREST INCOME      
Trust Department fees 16,181,000 15,186,000 15,175,000
Service charges on deposit accounts 17,502,000 32,178,000 10,999,000
Bank-owned life insurance income 3,124,000 2,498,000 2,882,000
Losses on sale of securities and other assets, net (3,431,000) (9,698,000) (7,392,000)
Gain (loss) on sale of loans and changes in fair value on loans held-for-sale, net (2,720,000) (8,197,000) 32,000
Equity method investments income (loss) (1,733,000) (831,000) 4,932,000
Other income 2,017,000 2,079,000 2,708,000
Total non-interest income 30,940,000 33,215,000 29,336,000
NON-INTEREST EXPENSE      
Compensation and employee benefits 98,555,000 93,766,000 85,774,000
Occupancy and depreciation 13,385,000 13,081,000 13,605,000
Professional fees 14,301,000 9,957,000 9,637,000
Technology 24,075,000 19,802,000 17,744,000
Office maintenance and depreciation 2,145,000 2,471,000 2,830,000
Amortization of intangible assets 574,000.0 730,200 887,700
Advertising and promotion 2,353,000 3,731,000 4,181,000
Federal deposit insurance premiums 3,775,000 3,715,000 4,018,000
Other expense 13,083,000 12,519,000 12,570,000
Total non-interest expense 172,246,000 159,772,000 151,247,000
Income before income taxes 140,155,000 145,589,000 124,730,000
Income tax expense 35,708,000 39,155,000 36,752,000
Net income $ 104,447,000 $ 106,434,000 $ 87,978,000
Earnings per common share - basic (in dollars per share) $ 3.44 $ 3.48 $ 2.88
Earnings per common share - diluted (in dollars per share) $ 3.41 $ 3.44 $ 2.86