XML 22 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 $ 129,871 $ 126,727 $ 104,570
Interest on securities -- taxable 4,958 7,345 5,271
Interest on securities -- tax-exempt 468 611 715
Interest on deposits in banks 10,845 2,482 3,763
Total interest income 146,142 137,165 114,319
Interest expense:      
Interest on deposits 19,639 9,341 1,654
Interest on short-term borrowings 35 140 2
Total interest expense 19,674 9,481 1,656
Net interest income 126,468 127,684 112,663
Provision for credit losses 3,597 7,985 6,572
Net interest income after provision for loan losses 122,871 119,699 106,091
Noninterest income:      
Net loss on sale of securities 0 (21) 0
Gain on divestitures 0 0 1,658
Noninterest Income, Other Operating Income 6,501 5,651 5,148
Total noninterest income 39,390 37,452 37,182
Noninterest expense:      
Salaries and employee benefits 51,702 49,887 47,183
Occupancy expense 5,286 4,967 4,818
Furniture and equipment expense 6,368 5,878 6,001
Service fees 9,642 8,908 7,606
Advertising and public relations 3,861 3,300 2,409
Professional fees 1,218 1,567 1,303
Amortization of intangibles 2,131 1,731 1,446
FDIC premiums and assessments 1,463 1,511 1,126
Merger expense 0 2,393 596
Divestiture expense 0 0 153
Litigation expense 1,800 3,000 0
Other Cost and Expense, Operating 13,096 12,035 10,475
Total noninterest expense 96,567 95,177 83,116
Income before income taxes 65,694 61,974 60,157
Income tax expense 14,090 13,954 13,495
Net income $ 51,604 $ 48,020 $ 46,662
Earnings per common share      
Basic (in dollars per share) $ 2.81 $ 2.67 $ 2.82
Diluted (in dollars per share) 2.8 2.72 2.82
Common dividends declared, per share (in dollars per share) $ 1.2 $ 1.16 $ 1.12
Weighted average shares outstanding      
Basic (in shares) 18,349,498 17,996,373 16,519,848
Diluted (in shares) 18,430,206 18,027,151 16,562,257
Fiduciary and Trust [Member]      
Noninterest income:      
Noninterest income $ 4,485 $ 4,179 $ 3,855
Deposit Account [Member]      
Noninterest income:      
Noninterest income 14,012 13,996 14,213
Financial Service, Other [Member]      
Noninterest income:      
Noninterest income $ 14,392 $ 13,647 $ 12,308