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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest income:        
Interest and fees on loans $ 32,696 $ 31,927 $ 66,114 $ 59,555
Interest on securities -- taxable 1,089 1,898 2,652 3,832
Interest on securities -- tax-exempt 122 159 257 324
Interest on deposits in banks 2,882 885 3,795 1,347
Total interest income 36,789 34,869 72,818 65,058
Interest expense:        
Interest on deposits 4,877 1,930 9,242 2,648
Interest on short-term borrowings 0 77 35 136
Total interest expense 4,877 2,007 9,277 2,784
Net interest income 31,912 32,862 63,541 62,274
Provision for credit losses 144 4,105 1,155 5,847
Net interest income after provision for credit losses 31,768 28,757 62,386 56,427
Noninterest income:        
Gain on sale of securities (0) (28) 0 (21)
Other operating income 1,180 917 2,580 2,235
Total noninterest income 9,342 8,785 18,601 17,368
Noninterest expense:        
Salaries and employee benefits 12,491 12,686 25,072 24,281
Occupancy expense 1,309 1,276 2,687 2,444
Furniture and equipment expense 1,687 1,508 3,232 2,909
Service fees 2,427 2,284 4,876 4,303
Advertising and public relations 933 846 1,729 1,489
Professional fees 330 281 702 608
Amortization of intangibles 530 425 1,060 659
FDIC premiums and assessments 364 423 733 743
Merger expenses 0 2,014 0 2,393
Litigation expense 1,800 0 1,800 0
Other operating expense 3,026 2,928 6,392 5,655
Total noninterest expense 24,897 24,671 48,283 45,484
Income before income taxes 16,213 12,871 32,704 28,311
Income tax expense 3,527 3,057 7,173 6,715
Net income $ 12,686 $ 9,814 $ 25,531 $ 21,596
Earnings per common share        
Basic (in dollars per share) $ 0.69 $ 0.53 $ 1.39 $ 1.25
Diluted (in dollars per share) $ 0.71 $ 0.55 $ 1.42 $ 1.26
Weighted average shares outstanding        
Basic (in shares) 18,343,958 18,407,078 18,410,043 17,323,706
Diluted (in shares) 18,409,876 18,431,598 18,475,110 17,363,478
Fiduciary and Trust [Member]        
Noninterest income:        
Noninterest income $ 1,064 $ 965 $ 2,163 $ 1,982
Deposit Account [Member]        
Noninterest income:        
Noninterest income 3,428 3,471 6,738 6,630
Financial Service, Other [Member]        
Noninterest income:        
Noninterest income $ 3,670 $ 3,460 $ 7,120 $ 6,542