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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      
Interest and fees on loans $ 195,379 $ 144,709 $ 125,437
Taxable interest on investments 24,267 23,339 18,869
Nontaxable interest on investments 2,927 3,096 3,001
Dividend income 1,061 531 412
Other interest income 2,612 1,113 765
Total interest income 226,246 172,788 148,484
Interest Expense      
Interest on deposits 78,884 20,305 7,920
Interest on borrowings 12,949 2,649 605
Interest on subordinated debentures 2,150 2,140 2,523
Total interest expense 93,983 25,094 11,048
Net interest income 132,263 147,694 137,436
Provision (credit) for credit losses 2,100 4,500 (3,190)
Net interest income after provision (credit) for credit losses 130,163 143,194 140,626
Non-Interest Income      
Mortgage banking income, net 2,921 4,221 13,704
Brokerage and insurance commissions 4,650 4,147 3,913
Bank-owned life insurance 2,349 1,901 2,364
Net loss on sale of securities (10,310) (912) 0
Other income 4,303 4,011 3,507
Total non-interest income 31,034 40,702 49,735
Non-Interest Expenses      
Salaries and employee benefits 60,009 62,019 61,007
Furniture, equipment and data processing 13,377 13,043 12,247
Net occupancy costs 7,674 7,578 7,532
Debit card expense 5,126 4,602 4,313
Consulting and professional fees 4,520 4,073 3,691
Regulatory assessments 3,413 2,338 2,074
Amortization of core deposit intangible assets 592 625 655
Other real estate owned and collection costs (recoveries), net 42 29 (101)
Other expenses 12,608 12,542 12,302
Total non-interest expense 107,361 106,849 103,720
Income before income tax expense 53,836 77,047 86,641
Income Tax Expense 10,453 15,608 17,627
Net Income $ 43,383 $ 61,439 $ 69,014
Per Share Data      
Basic earnings per share (in dollars per share) $ 2.98 $ 4.18 $ 4.62
Diluted earnings per share (in dollars per share) 2.97 4.17 4.60
Cash dividends declared, per share (in dollars per share) $ 1.68 $ 1.62 $ 1.48
Weighted average number of common shares outstanding 14,563,380 14,644,170 14,903,855
Diluted weighted average number of common shares outstanding 14,609,345 14,701,010 14,971,578
Debit Card      
Non-Interest Income      
Revenue $ 12,613 $ 13,340 $ 13,105
Deposit Accounts      
Non-Interest Income      
Revenue 7,839 7,587 6,626
Fiduciary Services      
Non-Interest Income      
Revenue $ 6,669 $ 6,407 $ 6,516