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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest income        
Loans $ 70,647 $ 32,738 $ 142,417 $ 92,685
Investment securities - taxable 9,005 4,459 18,588 13,244
Investment securities - tax-exempt 883 861 2,641 2,591
Short-term investments 2,452 633 5,272 1,349
Total interest income 82,987 38,691 168,918 109,869
Interest expense        
Deposits 28,603 10,582 57,384 25,392
Securities sold under agreements to repurchase and federal funds purchased 96 31 148 84
FHLB advances and other borrowings 1,154 1,354 3,780 3,992
Subordinated notes and trust preferred debt 1,437 505 2,925 1,513
Total interest expense 31,290 12,472 64,237 30,981
Net interest income 51,697 26,219 104,681 78,888
Provision for credit losses 13,681 136 14,791 1,264
Net interest income after provision for credit losses 38,016 26,083 89,890 77,624
Noninterest income        
Service charges on deposit accounts 1,801 1,020 3,824 2,966
Interchange income 1,779 963 3,651 2,921
Other service charges, commissions and fees 559 240 1,019 702
Swap fee income 505 255 1,079 451
Trust and investment management income 3,760 1,853 7,916 5,668
Brokerage income 1,277 973 3,535 2,727
Mortgage banking activities 491 (142) 1,318 448
Income from life insurance 1,289 620 2,569 1,855
Investment securities gains (losses) 271 2 254 (8)
Other income 654 141 1,023 1,431
Total noninterest income 12,386 5,925 26,188 19,161
Noninterest expenses        
Salaries and employee benefits 27,190 12,885 54,137 38,135
Occupancy 1,818 1,089 4,197 3,249
Furniture and equipment 2,515 1,371 5,480 3,810
Data processing 2,046 1,248 4,548 3,666
Automated teller and interchange fees 784 314 1,476 920
Advertising and bank promotions 537 332 1,709 1,656
FDIC insurance 862 477 1,722 1,500
Professional services 1,119 965 2,551 2,203
Directors' compensation 123 199 646 667
Taxes other than income 503 387 1,046 847
Intangible asset amortization 2,464 228 2,904 717
Merger-related expenses 16,977 0 18,784 0
Restructuring expenses 257 0 257 0
Other operating expenses 3,104 952 5,950 4,081
Total noninterest expenses 60,299 20,447 105,407 61,451
(Loss) income before income tax (benefit) expense (9,897) 11,561 10,671 35,334
Income tax (benefit) expense (1,994) 2,535 2,305 7,314
Net (loss) income $ (7,903) $ 9,026 $ 8,366 $ 28,020
Per share information:        
Basic (loss) earnings per share (in usd per share) $ (0.41) $ 0.87 $ 0.63 $ 2.71
Diluted (loss) earnings per share (in usd per share) (0.41) 0.87 0.62 2.68
Dividends paid per share (in usd per share) $ 0.23 $ 0.20 $ 0.63 $ 0.60