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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest income        
Loans, including fees $ 73,962 $ 72,819 $ 145,954 $ 144,089
Securities, taxable 4,679 2,656 8,919 5,101
Securities, tax-exempt 1,181 968 2,353 1,945
Interest-earning assets 2,136 2,436 5,071 4,469
Total interest income 81,958 78,879 162,297 155,604
Interest expense        
Deposits 25,725 24,710 50,918 46,934
Short-term borrowings 1,919 1,757 3,682 3,412
Federal Home Loan Bank advances 2,897 3,252 5,795 6,651
Subordinated debt and other borrowings 1,938 2,088 3,875 4,173
Total interest expense 32,479 31,807 64,270 61,170
Net interest income 49,479 47,072 98,027 94,434
Provision for credit losses 1,600 3,500 3,700 4,800
Net interest income after provision for credit losses 47,879 43,572 94,327 89,634
Noninterest income:        
Mortgage banking income 3,969 3,023 6,620 5,365
Earnings on bank owned life insurance 561 437 1,104 1,609
Other income 602 811 950 2,277
Total noninterest income 11,462 9,681 20,164 20,548
Noninterest expense        
Salaries and benefits 20,711 17,913 40,268 36,150
Occupancy 2,155 2,220 4,273 4,509
Furniture and equipment depreciation, rent and maintenance 826 923 1,613 1,852
Data processing costs 3,599 3,415 7,369 6,704
Charitable foundation contributions 2 4 5 707
Other expense 6,086 5,262 10,955 9,758
Total noninterest expense 33,379 29,737 64,483 59,680
Income before federal income tax expense 25,962 23,516 50,008 50,502
Federal income tax expense 3,344 4,730 7,853 10,154
Net income $ 22,618 $ 18,786 $ 42,155 $ 40,348
Basic earnings per share (in dollars per share) $ 1.39 $ 1.17 $ 2.6 $ 2.5
Diluted earnings per share (in dollars per share) $ 1.39 $ 1.17 $ 2.6 $ 2.5
Average basic shares outstanding (in shares) 16,239,919 16,122,813 16,219,064 16,120,836
Average diluted shares outstanding (in shares) 16,239,919 16,122,813 16,219,064 16,120,836
Service Charges on Deposit and Sweep Accounts [Member]        
Noninterest income:        
Noninterest revenue $ 1,967 $ 1,692 $ 3,806 $ 3,224
Credit and Debit Card [Member]        
Noninterest income:        
Noninterest revenue 2,350 2,266 4,551 4,387
Interest Rate Swap Fees [Member]        
Noninterest income:        
Noninterest revenue 1,230 766 1,310 2,104
Payroll Processing [Member]        
Noninterest income:        
Noninterest revenue $ 783 $ 686 $ 1,823 $ 1,582