XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest income:        
Interest and fees on loans $ 67,222 $ 65,469 $ 197,009 $ 192,710
Interest and dividends on investment securities:        
Taxable investment securities 9,776 8,975 29,448 24,652
Tax-exempt investment securities 709 551 2,126 1,804
Interest on deposits in other financial institutions 1,857 2,775 5,595 8,589
Dividend income on FHLB and FRB stock 395 127 1,107 384
Total interest income 79,959 77,897 235,285 228,139
Interest on deposits:        
Demand 490 484 1,385 1,473
Savings and money market 8,898 10,235 26,174 27,655
Time 7,410 11,040 23,133 36,203
Interest on short-term borrowings 0 0 0 1
Interest on long-term debt 1,860 2,287 5,797 6,848
Total interest expense 18,658 24,046 56,489 72,180
Net interest income 61,301 53,851 178,796 155,959
Provision for credit losses 4,157 2,833 13,316 9,008
Net interest income after provision for credit losses 57,144 51,018 165,480 146,951
Other operating income:        
Mortgage banking income 958 822 2,299 2,475
Service charges on deposit accounts 2,330 2,167 6,601 6,405
Other service charges and fees 6,472 5,947 18,195 17,077
Income from fiduciary activities 1,547 1,447 4,672 4,331
Income from bank-owned life insurance 1,879 1,897 4,636 4,653
Net loss on sales of investment securities (30) 0 (30) 0
Other 351 454 1,243 1,158
Total other operating income 13,507 12,734 37,616 36,099
Other operating expense:        
Salaries and employee benefits 24,749 22,299 69,264 64,280
Net occupancy 4,598 4,612 13,243 13,809
Computer software 5,151 4,590 15,185 13,258
Legal and professional services 2,669 2,460 8,340 7,286
Equipment 867 972 2,899 2,977
Advertising 730 889 2,449 2,704
Communication 791 740 2,725 2,234
Other 7,454 10,125 18,922 21,866
Total other operating expense 47,009 46,687 133,027 128,414
Income before income taxes 23,642 17,065 70,069 54,636
Income tax expense 5,068 3,760 15,464 12,569
Net income $ 18,574 $ 13,305 $ 54,605 $ 42,067
Per common share data:        
Basic earnings per share (in dollars per share) $ 0.69 $ 0.49 $ 2.02 $ 1.55
Diluted earnings per share (in dollars per share) $ 0.69 $ 0.49 $ 2.01 $ 1.55
Basic weighted average shares outstanding (in shares) 26,968,163 27,064,035 27,014,059 27,054,737
Diluted weighted average shares outstanding (in shares) 27,083,280 27,194,625 27,118,824 27,137,985