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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest and dividend income        
Loans, including fees $ 118,774 $ 104,595 $ 229,639 $ 206,976
Securities 5,775 5,493 11,172 10,637
Overnight deposits 2,078 5,167 4,003 9,321
Other interest and dividends 416 506 999 1,162
Total interest income 127,043 115,761 245,813 228,096
Interest expense        
Deposits 49,823 50,555 97,001 97,441
Borrowed funds 3,247 3,287 7,563 8,648
Trust preferred securities 326 380 650 759
Total interest expense 53,396 54,222 105,214 106,848
Net interest income 73,647 61,539 140,599 121,248
Provision for credit losses 6,378 1,538 10,884 2,066
Net interest income after provision for credit losses 67,269 60,001 129,715 119,182
Non-interest income        
Non-interest income 2,610 6,147 6,175 13,174
Other income 492 359 1,957 1,431
Total non-interest income 2,623 6,139 6,261 13,143
Non-interest expense        
Compensation and benefits 20,255 18,532 41,994 38,359
Bank premises and equipment 2,513 2,322 4,976 4,665
Professional fees 3,583 6,916 8,569 12,888
Technology costs 3,653 3,043 5,873 6,054
Licensing fees 3,462 3,180 5,936 6,456
FDIC assessments 2,999 2,925 5,966 5,850
Other expenses 6,644 5,339 12,517 9,885
Total non-interest expense 43,109 42,257 85,831 84,157
Net income before income tax expense 26,783 23,883 50,145 48,168
Income tax expense 8,016 7,084 15,024 15,166
Net income $ 18,767 $ 16,799 $ 35,121 $ 33,002
Earnings per common share        
Basic earnings (in dollars per share) $ 1.78 $ 1.5 $ 3.23 $ 2.96
Diluted earnings (in dollars per share) $ 1.76 $ 1.5 $ 3.2 $ 2.96
Service charges on deposit accounts        
Non-interest income        
Non-interest income $ 2,131 $ 2,094 $ 4,304 $ 3,957
Revenue, Product and Service [Extensible Enumeration] Service charges on deposit accounts Service charges on deposit accounts Service charges on deposit accounts Service charges on deposit accounts
Global Payments Group revenue        
Non-interest income        
Non-interest income   $ 3,686   $ 7,755
Revenue, Product and Service [Extensible Enumeration] Global Payments Group revenue Global Payments Group revenue Global Payments Group revenue Global Payments Group revenue