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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest Income    
Interest and fees on loans $ 66,549 $ 51,709
Taxable interest on investments 9,772 7,027
Nontaxable interest on investments 468 465
Dividend income 520 312
Other interest income 1,086 670
Total interest income 78,395 60,183
Interest Expense    
Interest on deposits 24,621 23,178
Interest on borrowings 4,018 5,198
Interest on junior subordinated debentures 898 534
Total interest expense 29,537 28,910
Net interest income 48,858 31,273
Provision (credit) for credit losses 9,429 (2,102)
Net interest income after provision (credit) for credit losses 39,429 33,375
Non-Interest Income    
Brokerage and insurance commissions 1,697 1,239
Mortgage banking income, net 508 808
Bank-owned life insurance 660 683
Other income 942 950
Total non-interest income 11,196 10,322
Non-Interest Expense    
Salaries and employee benefits 20,243 15,954
Furniture, equipment and data processing 4,731 3,629
Net occupancy costs 3,033 2,070
Debit card expense 1,690 1,264
Consulting and professional fees 1,498 860
Regulatory assessments 986 857
Merger and acquisition costs 7,525 0
Amortization of core deposit intangible assets 1,473 139
Other real estate owned and collection costs, net 90 10
Other expenses 3,182 2,579
Total non-interest expense 44,451 27,362
Income before income tax (benefit) expense 6,174 16,335
Income Tax (Benefit) Expense (1,152) 3,063
Net Income $ 7,326 $ 13,272
Per Share Data    
Basic earnings per share $ 0.43 $ 0.91
Diluted earnings per share 0.43 0.91
Cash dividends declared per share $ 0.42 $ 0.42
Weighted average number of common shares outstanding 16,844,827 14,572,051
Diluted weighted average number of common shares outstanding 16,929,815 14,625,771
Debit card income    
Non-Interest Income    
Revenue $ 3,233 $ 2,866
Service charges on deposit accounts    
Non-Interest Income    
Revenue 2,318 2,027
Income from fiduciary services    
Non-Interest Income    
Revenue $ 1,838 $ 1,749