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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income:    
Interest and fees on loans $ 62,819 $ 58,269
Interest and dividends on investment securities:    
Taxable investment securities 7,211 7,336
Tax-exempt investment securities 655 790
Interest on deposits in other financial institutions 3,611 277
Dividend income on FHLB stock 106 136
Total interest income 74,402 66,808
Interest on deposits:    
Demand 499 363
Savings and money market 8,443 3,386
Time 12,990 6,264
Interest on short-term borrowings 0 761
Interest on long-term debt 2,283 1,838
Total interest expense 24,215 12,612
Net interest income 50,187 54,196
Provision for credit losses 3,936 1,852
Net interest income after provision for credit losses 46,251 52,344
Other operating income:    
Mortgage banking income 613 526
Service charges on deposit accounts 2,103 2,111
Other service charges and fees 5,261 4,985
Income from fiduciary activities 1,435 1,321
Income from bank-owned life insurance 1,522 1,291
Other 310 775
Total other operating income 11,244 11,009
Other operating expense:    
Salaries and employee benefits 20,735 22,023
Net occupancy 4,600 4,474
Computer software 4,287 4,606
Legal and professional services 2,320 2,886
Equipment 1,010 946
Advertising 914 933
Communication 837 778
Other 5,873 5,461
Total other operating expense 40,576 42,107
Income before income taxes 16,919 21,246
Income tax expense 3,974 5,059
Net income $ 12,945 $ 16,187
Per common share data:    
Basic earnings per share (in dollars per share) $ 0.48 $ 0.60
Diluted earnings per share (in dollars per share) $ 0.48 $ 0.60
Basic weighted average shares outstanding (in shares) 27,046,525 26,999,138
Diluted weighted average shares outstanding (in shares) 27,099,101 27,122,012