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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest Income        
Interest and fees on loans $ 69,070 $ 55,484 $ 203,096 $ 160,615
Taxable interest on investments 10,314 6,622 30,343 20,456
Nontaxable interest on investments 456 462 1,379 1,388
Dividend income 470 389 1,483 1,222
Other interest income 584 764 2,311 2,385
Total interest income 80,894 63,721 238,612 186,066
Interest Expense        
Interest on deposits 24,719 25,051 73,934 72,398
Interest on borrowings 4,039 4,549 12,677 15,032
Interest on junior subordinated debentures 864 534 2,662 1,592
Total interest expense 29,622 30,134 89,273 89,022
Net interest income 51,272 33,587 149,339 97,044
Provision (credit) for credit losses 2,972 239 19,321 (1,213)
Net interest income after provision (credit) for credit losses 48,300 33,348 130,018 98,257
Non-Interest Income        
Brokerage and insurance commissions 1,850 1,414 5,341 4,094
Mortgage banking income, net 1,092 973 2,660 2,297
Bank-owned life insurance 957 709 2,620 2,086
Other income 2,068 1,156 4,188 3,048
Total non-interest income 14,125 11,406 38,388 32,373
Non-Interest Expense        
Salaries and employee benefits 20,089 16,545 59,724 48,100
Furniture, equipment and data processing 4,173 3,578 13,198 10,704
Net occupancy costs 2,666 1,890 8,392 5,941
Debit card expense 1,745 1,368 5,160 3,943
Consulting and professional fees 810 788 3,618 2,797
Regulatory assessments 1,020 784 3,133 2,454
Merger and acquisition costs 315 727 9,245 727
Amortization of core deposit intangible assets 1,473 139 4,419 417
Other real estate owned and collection costs, net 46 94 227 151
Other expenses 3,590 2,987 10,858 8,338
Total non-interest expense 35,927 28,900 117,974 83,572
Income before income tax expense 26,498 15,854 50,432 47,058
Income Tax Expense 5,304 2,781 7,831 8,720
Net Income $ 21,194 $ 13,073 $ 42,601 $ 38,338
Per Share Data        
Basic earnings per share $ 1.25 $ 0.90 $ 2.52 $ 2.63
Diluted earnings per share 1.25 0.90 2.51 2.62
Cash dividends declared per share $ 0.42 $ 0.42 $ 1.26 $ 1.26
Weighted average number of common shares outstanding 16,921,014 14,575,550 16,890,552 14,579,195
Diluted weighted average number of common shares outstanding 17,006,311 14,645,675 16,964,586 14,643,029
Debit card income        
Non-Interest Income        
Revenue $ 3,704 $ 3,169 $ 10,583 $ 9,104
Service charges on deposit accounts        
Non-Interest Income        
Revenue 2,570 2,168 7,293 6,308
Income from fiduciary services        
Non-Interest Income        
Revenue $ 1,884 $ 1,817 $ 5,703 $ 5,436