XML 19 R4.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements Of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest Income      
Interest and fees on loans $ 214,650 $ 195,379 $ 144,709
Taxable interest on investments 27,381 24,267 23,339
Nontaxable interest on investments 1,849 2,927 3,096
Dividend income 1,630 1,061 531
Other interest income 4,047 2,612 1,113
Total interest income 249,557 226,246 172,788
Interest Expense, Operating and Nonoperating      
Interest on deposits 95,806 78,884 20,305
Interest on borrowings 19,166 12,949 2,649
Interest on subordinated debentures 2,132 2,150 2,140
Total interest expense 117,104 93,983 25,094
Net interest income 132,453 132,263 147,694
(Credit) provision for loan losses (404) 2,100 4,500
Net interest income after (credit) provision for credit losses 132,857 130,163 143,194
Non-Interest Income      
Mortgage banking income, net 3,230 2,921 4,221
Brokerage and insurance commissions 5,535 4,650 4,147
Bank-owned life insurance 2,806 2,349 1,901
Net loss on sale of securities 0 (10,310) (912)
Other income 4,597 4,303 4,011
Total non-interest income 44,539 31,034 40,702
Non-Interest Expenses      
Salaries and employee benefits 64,073 60,009 62,019
Furniture, equipment and data processing 14,364 13,377 13,043
Net occupancy costs 7,912 7,674 7,578
Debit card expense 5,287 5,126 4,602
Consulting and professional fees 3,583 4,520 4,073
Regulatory assessments 3,258 3,413 2,338
Merger and acquisition costs 1,159 0 0
Amortization of core deposit intangible assets 556 592 625
Other real estate owned and collection costs, net 201 42 29
Other expenses 11,543 12,608 12,542
Total non-interest expense 111,936 107,361 106,849
Income before income tax expense 65,460 53,836 77,047
Income Tax Expense 12,456 10,453 15,608
Net Income $ 53,004 $ 43,383 $ 61,439
Per Share Data      
Basic earnings per share (in dollars per share) $ 3.63 $ 2.98 $ 4.18
Diluted earnings per share (in dollars per share) 3.62 2.97 4.17
Cash dividends declared, per share (in dollars per share) $ 1.68 $ 1.68 $ 1.62
Weighted average number of common shares outstanding 14,579,276 14,563,380 14,644,170
Diluted weighted average number of common shares outstanding 14,633,803 14,609,345 14,701,010
Debit Card      
Non-Interest Income      
Revenue $ 12,657 $ 12,613 $ 13,340
Deposit Accounts      
Non-Interest Income      
Revenue 8,444 7,839 7,587
Fiduciary Services      
Non-Interest Income      
Revenue $ 7,270 $ 6,669 $ 6,407