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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income    
Loans $ 63,432,000 $ 36,233,000
Investment securities - taxable 8,944,000 4,584,000
Investment securities - tax-exempt 875,000 877,000
Short-term investments 2,268,000 956,000
Total interest income 75,519,000 42,650,000
Interest expense    
Deposits 24,260,000 13,516,000
Securities sold under agreements to repurchase and federal funds purchased 84,000 25,000
FHLB advances and other borrowings 1,118,000 1,474,000
Subordinated notes and trust preferred debt 1,296,000 754,000
Total interest expense 26,758,000 15,769,000
Net interest income 48,761,000 26,881,000
(Recovery of) Provision for credit losses - loans (554,000) 421,000
(Recovery of) Provision for credit losses - unfunded loan commitments 0 (123,000)
Net interest income after (recovery of) provision for credit losses 49,315,000 26,583,000
Noninterest income    
Service charges on deposit accounts 1,911,000 1,005,000
Interchange income 1,427,000 911,000
Other service charges, commissions and fees 484,000 195,000
Swap fee income 394,000 199,000
Trust and investment management income 3,976,000 2,024,000
Brokerage income 1,439,000 1,078,000
Mortgage banking activities 302,000 458,000
Income from life insurance 1,289,000 634,000
Investment securities gains (losses) 13,000 (5,000)
Other income 389,000 131,000
Total noninterest income 11,624,000 6,630,000
Noninterest expenses    
Salaries and employee benefits 20,388,000 13,752,000
Occupancy 1,989,000 1,201,000
Furniture and equipment 2,686,000 1,438,000
Data processing 924,000 1,265,000
Automated teller and interchange fees 677,000 351,000
Advertising and bank promotions 499,000 398,000
FDIC insurance 824,000 441,000
Professional services 1,826,000 631,000
Directors' compensation 211,000 251,000
Taxes other than income 942,000 494,000
Intangible asset amortization 2,535,000 225,000
Merger-related expenses 1,649,000 672,000
Restructuring expenses 91,000 0
Other operating expenses 2,935,000 1,350,000
Total noninterest expenses 38,176,000 22,469,000
Income before income tax expense 22,763,000 10,744,000
Income tax expense 4,712,000 2,213,000
Net income $ 18,051,000 $ 8,531,000
Per share information:    
Basic earnings per share (in usd per share) $ 0.94 $ 0.82
Diluted earnings per share (in usd per share) 0.93 0.81
Dividends paid per share (in usd per share) $ 0.26 $ 0.20