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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest income      
Loans, including fees $ 293,163 $ 253,108 $ 166,848
Securities, taxable 11,911 9,041 7,603
Securities, tax-exempt 4,123 3,663 2,734
Interest-earning deposits 12,305 5,546 4,654
Total interest income 321,502 271,358 181,839
Interest expense      
Deposits 101,395 55,444 10,037
Short-term borrowings 7,717 2,847 294
Federal Home Loan Bank advances 13,018 11,367 7,125
Subordinated debentures and other borrowings 8,286 8,155 6,139
Total interest expense 130,416 77,813 23,595
Net interest income 191,086 193,545 158,244
Provision for credit losses 7,400 7,700 6,550
Net interest income after provision for credit losses 183,686 185,845 151,694
Noninterest income:      
Mortgage banking activities 12,301 7,595 8,664
Interest rate swap program fees 3,210 3,946 3,488
Payroll processing 3,058 2,509 2,178
Earnings on bank owned life insurance 2,555 1,500 1,678
Other income 3,602 2,725 1,901
Total noninterest income 40,389 32,143 32,077
Noninterest expense      
Salaries and benefits 77,924 68,801 65,124
Occupancy 8,643 9,150 8,362
Furniture and equipment rent, depreciation and maintenance 3,716 3,464 3,614
Data processing 13,772 11,618 12,359
Advertising 1,604 1,565 1,445
FDIC insurance costs 2,497 2,258 1,239
Charitable foundation contributions 1,708 666 1,514
Other expense 15,925 17,767 14,324
Total noninterest expense 125,789 115,289 107,981
Income before federal income tax expense 98,286 102,699 75,790
Federal income tax expense 18,693 20,482 14,727
Net income $ 79,593 $ 82,217 $ 61,063
Earnings per common share:      
Basic (in dollars per share) $ 4.93 $ 5.13 $ 3.85
Diluted (in dollars per share) $ 4.93 $ 5.13 $ 3.85
Service Charges on Deposit and Sweep Accounts [Member]      
Noninterest income:      
Noninterest revenue $ 6,842 $ 4,954 $ 5,952
Credit and Debit Card [Member]      
Noninterest income:      
Noninterest revenue $ 8,821 $ 8,914 $ 8,216