XML 14 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest income        
Loans, including fees $ 75,040 $ 75,316 $ 220,994 $ 219,405
Securities, taxable 5,041 3,140 13,961 8,241
Securities, tax-exempt 1,259 1,056 3,611 3,001
Interest-earning deposits 4,303 3,900 9,374 8,369
Total interest income 85,643 83,412 247,940 239,016
Interest expense        
Deposits 26,817 27,588 77,735 74,522
Short-term borrowings 1,974 2,219 5,656 5,631
Federal Home Loan Bank advances 2,895 3,218 8,689 9,868
Subordinated debt and other borrowings 1,955 2,095 5,831 6,270
Total interest expense 33,641 35,120 97,911 96,291
Net interest income 52,002 48,292 150,029 142,725
Provision for credit losses 200 1,100 3,900 5,900
Net interest income after provision for credit losses 51,802 47,192 146,129 136,825
Noninterest income:        
Mortgage banking income 3,066 3,325 9,686 8,690
Earnings on bank owned life insurance 858 449 1,961 2,058
Other income 827 781 1,777 3,060
Total noninterest income 10,388 9,667 30,552 30,217
Noninterest expense        
Salaries and benefits 21,094 20,292 61,362 56,442
Occupancy 2,122 2,146 6,395 6,655
Furniture and equipment depreciation, rent and maintenance 846 938 2,458 2,790
Data processing costs 3,945 3,437 11,315 10,142
Charitable foundation contributions 300 0 306 707
Acquisition costs 606 0 628 0
Other expense 5,837 5,490 16,769 15,247
Total noninterest expense 34,750 32,303 99,233 91,983
Income before federal income tax expense 27,440 24,556 77,448 75,059
Federal income tax expense 3,682 4,938 11,535 15,092
Net income $ 23,758 $ 19,618 $ 65,913 $ 59,967
Basic earnings per share (in dollars per share) $ 1.46 $ 1.22 $ 4.06 $ 3.72
Diluted earnings per share (in dollars per share) $ 1.46 $ 1.22 $ 4.06 $ 3.72
Average basic shares outstanding (in shares) 16,249,267 16,138,320 16,229,243 16,126,706
Average diluted shares outstanding (in shares) 16,249,267 16,138,320 16,229,243 16,126,706
Service Charges on Deposit and Sweep Accounts [Member]        
Noninterest income:        
Noninterest revenue $ 2,064 $ 1,753 $ 5,871 $ 4,976
Credit and Debit Card [Member]        
Noninterest income:        
Noninterest revenue 2,371 2,257 6,922 6,644
Interest Rate Swap Fees [Member]        
Noninterest income:        
Noninterest revenue 377 389 1,687 2,494
Payroll Processing [Member]        
Noninterest income:        
Noninterest revenue $ 825 $ 713 $ 2,648 $ 2,295