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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 $ 126,727 $ 104,570 $ 102,832
Interest on securities -- taxable 7,345 5,271 700
Interest on securities -- tax-exempt 611 715 1,037
Interest on deposits in banks 2,482 3,763 741
Total interest income 137,165 114,319 105,310
Interest expense:      
Interest on deposits 9,341 1,654 2,835
Interest on short-term borrowings 140 2 1
Total interest expense 9,481 1,656 2,836
Net interest income 127,684 112,663 102,474
Provision for (recovery of) credit losses 7,985 6,572 (8,471)
Net interest income after provision for loan losses 119,699 106,091 110,945
Noninterest income:      
Net loss on sale of securities (21) 0 0
Net FDIC indemnification asset amortization 0 0 (1,226)
Gain on divestitures 0 1,658 0
Other operating income 5,651 5,148 5,806
Total noninterest income 37,452 37,182 34,301
Noninterest expense:      
Salaries and employee benefits 49,887 47,183 44,239
Occupancy expense 4,967 4,818 4,913
Furniture and equipment expense 5,878 6,001 5,627
Service fees 8,908 7,606 6,324
Advertising and public relations 3,300 2,409 2,076
Professional fees 1,567 1,303 1,524
Amortization of intangibles 1,731 1,446 1,446
FDIC premiums and assessments 1,511 1,126 832
Merger expense 2,393 596 0
Divestiture expense 0 153 0
Litigation expense 3,000 0 0
Other operating expense 12,035 10,475 11,737
Total noninterest expense 95,177 83,116 78,718
Income before income taxes 61,974 60,157 66,528
Income tax expense 13,954 13,495 15,360
Net income $ 48,020 $ 46,662 $ 51,168
Earnings per common share      
Basic (in dollars per share) $ 2.67 $ 2.82 $ 2.95
Diluted (in dollars per share) 2.72 2.82 2.94
Common dividends declared, per share (in dollars per share) $ 1.16 $ 1.12 $ 1.04
Weighted average shares outstanding      
Basic (in shares) 17,996,373 16,519,848 17,335,615
Diluted (in shares) 18,027,151 16,562,257 17,402,936
Fiduciary and Trust [Member]      
Noninterest income:      
Noninterest income $ 4,179 $ 3,855 $ 3,853
Deposit Account [Member]      
Noninterest income:      
Noninterest income 13,996 14,213 13,446
Financial Service, Other [Member]      
Noninterest income:      
Noninterest income $ 13,647 $ 12,308 $ 12,422