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v3.25.2

Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Information | Information reported internally for performance assessment by the CODM follows, including reconciliation to the financial statements.
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
INTEREST AND DIVIDEND INCOME: |  |  |  |  |  |  |
Loans including fees |  |  |  |  |  |  |
Interest and fees on loans | $ | 75,408 |  |  | $ | 72,142 |  |  | $ | 147,787 |  |  | $ | 143,655 |
Investment Securities | 10,363 |  |  | 8,510 |  |  | 20,363 |  |  | 14,902 |
Total interest and dividend income | 85,771 |  |  | 80,652 |  |  | 168,150 |  |  | 158,557 |
Interest Expense: |  |  |  |  |  |  |
Deposits | 32,276 |  |  | 33,794 |  |  | 64,910 |  |  | 65,342 |
Borrowed funds | 1,298 |  |  | 1,141 |  |  | 2,612 |  |  | 2,276 |
Total interest expense | 33,574 |  |  | 34,935 |  |  | 67,522 |  |  | 67,618 |
NET INTEREST INCOME | 52,197 |  |  | 45,717 |  |  | 100,628 |  |  | 90,939 |
PROVISION FOR CREDIT LOSS EXPENSE | 4,338 |  |  | 2,591 |  |  | 5,894 |  |  | 3,911 |
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSS EXPENSE | 47,859 |  |  | 43,126 |  |  | 94,734 |  |  | 87,028 |
NON-INTEREST INCOME: |  |  |  |  |  |  |
Service charges on deposit accounts | 1,656 |  |  | 1,794 |  |  | 3,370 |  |  | 3,488 |
Other service charges and fees | 427 |  |  | 712 |  |  | 937 |  |  | 1,407 |
Wealth and asset management fees | 2,109 |  |  | 2,007 |  |  | 3,905 |  |  | 3,809 |
Net unrealized gains (losses) on equity securities | 567 |  |  | (80) |  |  | 318 |  |  | 111 |
Mortgage banking | 172 |  |  | 187 |  |  | 268 |  |  | 383 |
Bank owned life insurance | 976 |  |  | 784 |  |  | 1,736 |  |  | 1,551 |
Card processing and interchange income | 2,278 |  |  | 2,187 |  |  | 4,385 |  |  | 4,203 |
Other non-interest income | 823 |  |  | 1,274 |  |  | 2,596 |  |  | 2,868 |
Total non-interest income | 9,008 |  |  | 8,865 |  |  | 17,515 |  |  | 17,820 |
NON-INTEREST EXPENSES: |  |  |  |  |  |  |
Salaries | 12,933 |  |  | 13,244 |  |  | 26,659 |  |  | 26,800 |
Incentive | 1,527 |  |  | 292 |  |  | 3,295 |  |  | 685 |
Benefits | 4,888 |  |  | 4,140 |  |  | 9,958 |  |  | 8,978 |
Net occupancy expense | 4,032 |  |  | 3,580 |  |  | 8,070 |  |  | 7,220 |
Technology expense | 5,462 |  |  | 5,573 |  |  | 10,840 |  |  | 10,645 |
State and local taxes | 1,301 |  |  | 1,237 |  |  | 2,593 |  |  | 2,380 |
Legal, professional and examination fees | 997 |  |  | 1,119 |  |  | 1,846 |  |  | 2,291 |
Advertising | 556 |  |  | 553 |  |  | 1,070 |  |  | 1,238 |
FDIC insurance | 937 |  |  | 1,018 |  |  | 1,922 |  |  | 2,008 |
Card processing and interchange expenses | 1,253 |  |  | 878 |  |  | 2,413 |  |  | 2,057 |
Merger Costs | 357 |  |  | — |  |  | 1,886 |  |  | — |
Other non-interest expenses | 5,374 |  |  | 4,355 |  |  | 10,103 |  |  | 9,111 |
Total non-interest expenses | 39,617 |  |  | 35,989 |  |  | 80,655 |  |  | 73,413 |
INCOME BEFORE INCOME TAXES | 17,250 |  |  | 16,002 |  |  | 31,594 |  |  | 31,435 |
INCOME TAX EXPENSE | 3,294 |  |  | 3,045 |  |  | 6,157 |  |  | 5,878 |
SEGMENT NET INCOME | $ | 13,956 |  |  | $ | 12,957 |  |  | $ | 25,437 |  |  | $ | 25,557 |
Reconciliation of profit or loss |  |  |  |  |  |  |
Adjustments and reconciling items | — |  |  | — |  |  | — |  |  | — |
CONSOLIDATED NET INCOME | $ | 13,956 |  |  | $ | 12,957 |  |  | $ | 25,437 |  |  | $ | 25,557 |
Reconciliation of assets |  |  |  |  |  |  |
Adjustments and reconciling items | — |  |  | — |  |  | — |  |  | — |
TOTAL CONSOLIDATED ASSETS | $ | 6,318,477 |  |  | $ | 5,886,571 |  |  | $ | 6,318,477 |  |  | $ | 5,886,571 |

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