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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income      
Loans $ 126,595 $ 93,528 $ 84,227
Investment securities - taxable 18,031 10,237 6,622
Investment securities - tax-exempt 3,462 4,115 2,493
Short term investments 1,809 774 353
Total interest income 149,897 108,654 93,695
Interest expense      
Deposits 37,510 6,337 4,199
Securities sold under agreements to repurchase and federal funds purchased 114 44 31
FHLB advances and other borrowings 5,350 630 482
Subordinated notes 2,017 2,013 2,009
Total interest expense 44,991 9,024 6,721
Net interest income 104,906 99,630 86,974
Provision for credit losses 1,682 4,160 1,090
Net interest income after provision for credit losses 103,224 95,470 85,884
Noninterest income      
Service charges on deposit accounts 3,949 3,826 3,047
Interchange income 3,873 4,055 4,129
Other service charges, commissions and fees 917 788 646
Swap fee income 1,039 2,632 293
Trust and investment management income 7,691 7,631 7,896
Brokerage income 3,649 3,620 3,571
Mortgage banking activities 591 407 5,909
Income from life insurance 2,482 2,339 2,273
Investment securities (losses) gains (47) (160) 638
Other income 1,508 1,814 750
Total noninterest income 25,652 26,952 29,152
Noninterest expenses      
Salaries and employee benefits 50,983 48,004 44,002
Occupancy 4,342 4,729 4,731
Furniture and equipment 5,251 5,083 5,115
Data processing 4,913 4,560 4,061
Automated teller and interchange fees 1,252 1,287 1,202
Advertising and bank promotions 2,157 2,264 2,178
FDIC insurance 1,960 1,083 816
Professional services 2,905 3,254 2,555
Directors' compensation 915 938 865
Taxes other than income 1,050 1,391 1,321
Intangible asset amortization 953 1,105 1,275
Merger-related expenses 1,059 0 0
Provision for legal settlement 0 13,000 0
Restructuring expenses 0 3,155 0
Other operating expenses 6,103 5,953 6,020
Total noninterest expenses 83,843 95,806 74,141
Income before income tax expense 45,033 26,616 40,895
Income tax expense 9,370 4,579 8,014
Net income $ 35,663 $ 22,037 $ 32,881
Per share information:      
Basic earnings per share (in dollars per share) $ 3.45 $ 2.09 $ 3.00
Diluted earnings per share (in dollars per share) 3.42 2.06 2.96
Dividends paid per share (in dollars per share) $ 0.80 $ 0.76 $ 0.74