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OPERATING SEGMENTS (Tables) | 6 Months Ended
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Jun. 30, 2025
OPERATING SEGMENTS |
Schedule of financial results by operating segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended June 30,
​ |  | 2025 |  | 2024
​ | ​ | (In Thousands)
Interest income | ​ | $ | 80,975 | ​ | $ | 80,927
Interest expense | ​ |  | 30,012 | ​ |  | 34,109
Net interest income | ​ |  | 50,963 | ​ |  | 46,818
​ | ​ | ​ | ​ | ​ | ​ | ​
Credit loss expense | ​ |  | (110) | ​ |  | (607)
Net interest income after credit loss expense | ​ |  | 51,073 | ​ |  | 47,425
​ | ​ | ​ | ​ | ​ | ​ | ​
Non-interest Income | ​ |  |  | ​ |  | ​
Commissions | ​ |  | 411 | ​ |  | 269
Overdraft and insufficient funds fees | ​ |  | 1,266 | ​ |  | 1,230
Point-of-sale and ATM fee income and service charges | ​ |  | 3,444 | ​ |  | 3,588
Net gain on loan sales | ​ |  | 893 | ​ |  | 1,127
Late charges and fees on loans | ​ |  | 340 | ​ |  | 136
Fees from debit card contracts | ​ |  | 368 | ​ |  | 346
Other income | ​ |  | 1,490 | ​ |  | 3,137
​ | ​ |  | 8,212 | ​ |  | 9,833
​ | ​ | ​ | ​ | ​ | ​ | ​
Non-interest Expense | ​ |  |  | ​ |  | ​
Salaries and incentives | ​ |  | 16,275 | ​ |  | 16,216
Employee benefits | ​ |  | 3,730 | ​ |  | 3,670
Net occupancy expense | ​ |  | 3,003 | ​ |  | 2,967
Technology, furniture and equipment expense | ​ |  | 5,432 | ​ |  | 4,874
Postage | ​ |  | 825 | ​ |  | 777
Insurance | ​ |  | 1,095 | ​ |  | 1,263
Advertising | ​ |  | 705 | ​ |  | 891
Office supplies and printing | ​ |  | 238 | ​ |  | 236
Telephone | ​ |  | 705 | ​ |  | 685
Legal, audit and other professional fees | ​ |  | 929 | ​ |  | 1,864
Expense (income) on other real estate and repossessions | ​ |  | (168) | ​ |  | 285
Intangible asset amortization | ​ |  | 108 | ​ |  | 109
Travel meals and entertainment | ​ |  | 711 | ​ |  | 606
Other operating expenses | ​ |  | 1,417 | ​ |  | 1,966
​ | ​ |  | 35,005 | ​ |  | 36,409
​ | ​ | ​ | ​ | ​ | ​ | ​
Income Before Income Taxes | ​ |  | 24,280 | ​ |  | 20,849
Provision for Income Taxes | ​ |  | 4,494 | ​ |  | 3,861
Net Income | ​ | $ | 19,786 | ​ | $ | 16,988
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended June 30,
​ |  | 2025 |  | 2024
​ |  | (In Thousands)
Interest income |  | $ | 161,218 |  | $ | 158,317
Interest expense | ​ |  | 60,921 | ​ |  | 66,683
Net interest income | ​ |  | 100,297 | ​ |  | 91,634
​ | ​ | ​ | ​ | ​ | ​ | ​
Credit loss expense | ​ |  | (458) | ​ |  | 23
Net interest income after credit loss expense | ​ |  | 100,755 | ​ |  | 91,611
​ | ​ | ​ | ​ | ​ | ​ | ​
Non-interest Income | ​ |  |  | ​ |  |
Commissions | ​ |  | 673 | ​ |  | 650
Overdraft and insufficient funds fees | ​ |  | 2,481 | ​ |  | 2,519
Point-of-sale and ATM fee income and service charges | ​ |  | 6,678 | ​ |  | 6,771
Net gain on loan sales | ​ |  | 1,494 | ​ |  | 1,804
Late charges and fees on loans | ​ |  | 583 | ​ |  | 303
Fees from debit card contracts | ​ |  | 868 | ​ |  | 1,101
Other income | ​ |  | 2,025 | ​ |  | 3,491
​ | ​ |  | 14,802 | ​ |  | 16,639
​ | ​ | ​ | ​ | ​ | ​ | ​
Non-interest Expense | ​ |  |  | ​ |  |
Salaries and incentives | ​ |  | 32,478 | ​ |  | 32,078
Employee benefits | ​ |  | 7,656 | ​ |  | 7,464
Net occupancy expense | ​ |  | 6,382 | ​ |  | 5,985
Technology, furniture and equipment expense | ​ |  | 10,586 | ​ |  | 9,695
Postage | ​ |  | 1,756 | ​ |  | 1,584
Insurance | ​ |  | 2,260 | ​ |  | 2,407
Advertising | ​ |  | 995 | ​ |  | 1,241
Office supplies and printing | ​ |  | 504 | ​ |  | 503
Telephone | ​ |  | 1,411 | ​ |  | 1,406
Legal, audit and other professional fees | ​ |  | 1,967 | ​ |  | 3,589
Expense (income) on other real estate and repossessions | ​ |  | (238) | ​ |  | 346
Intangible asset amortization | ​ |  | 216 | ​ |  | 217
Travel meals and entertainment | ​ |  | 950 | ​ |  | 828
Other operating expenses | ​ |  | 2,904 | ​ |  | 3,488
​ | ​ |  | 69,827 | ​ |  | 70,831
​ | ​ | ​ | ​ | ​ | ​ | ​
Income Before Income Taxes | ​ |  | 45,730 | ​ |  | 37,419
Provision for Income Taxes | ​ |  | 8,784 | ​ |  | 7,024
Net Income | ​ | $ | 36,946 | ​ | $ | 30,395
​

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