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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest income        
Loans $ 63,036 $ 35,537 $ 126,468 $ 71,770
Investment securities - taxable 9,406 4,999 18,350 9,583
Investment securities - tax-exempt 878 881 1,753 1,758
Short-term investments 1,513 1,864 3,781 2,820
Total interest income 74,833 43,281 150,352 85,931
Interest expense        
Deposits 22,855 15,265 47,115 28,781
Securities sold under agreements to repurchase and federal funds purchased 106 27 190 52
FHLB advances and other borrowings 1,030 1,152 2,148 2,626
Subordinated notes and trust preferred debt 1,330 734 2,626 1,488
Total interest expense 25,321 17,178 52,079 32,947
Net interest income 49,512 26,103 98,273 52,984
Provision for (Recovery of) credit losses - loans 209 812 (345) 1,233
Recovery of credit losses - unfunded loan commitments (100) 0 (100) (123)
Net interest income after provision for credit losses 49,403 25,291 98,718 51,874
Noninterest income        
Service charges on deposit accounts 2,050 1,018 3,961 2,023
Interchange income 1,441 961 2,868 1,872
Other service charges, commissions and fees 580 265 1,064 460
Swap fee income 669 375 1,063 574
Trust and investment management income 3,572 2,132 7,548 4,156
Brokerage income 1,695 1,180 3,134 2,258
Mortgage banking activities 478 369 780 827
Income from life insurance 1,311 646 2,600 1,280
Investment securities gains (losses) 8 (12) 21 (17)
Other income 1,111 238 1,500 369
Total noninterest income 12,915 7,172 24,539 13,802
Noninterest expenses        
Salaries and employee benefits 21,364 13,195 41,752 26,947
Occupancy 1,671 1,178 3,660 2,379
Furniture and equipment 2,540 1,527 5,226 2,965
Data processing 965 1,237 1,889 2,502
Automated teller and interchange fees 615 341 1,292 692
Advertising and bank promotions 1,077 774 1,576 1,172
FDIC insurance 674 419 1,498 860
Professional services 2,016 801 3,842 1,432
Directors' compensation 293 272 504 523
Taxes other than income 295 49 1,237 543
Intangible asset amortization 2,472 215 5,007 440
Merger-related expenses 968 1,135 2,617 1,807
Restructuring expenses 0 0 91 0
Other operating expenses 2,664 1,496 5,599 2,846
Total noninterest expenses 37,614 22,639 75,790 45,108
Income before income tax expense 24,704 9,824 47,467 20,568
Income tax expense 5,256 2,086 9,968 4,299
Net income $ 19,448 $ 7,738 $ 37,499 $ 16,269
Per share information:        
Basic earnings per share (in usd per share) $ 1.01 $ 0.74 $ 1.96 $ 1.57
Diluted earnings per share (in usd per share) 1.01 0.73 1.94 1.55
Dividends paid per share (in usd per share) $ 0.26 $ 0.20 $ 0.52 $ 0.40