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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest and dividend income:    
Interest and fees on loans $ 59,872 $ 59,937
Interest on loans held for sale 296 243
Interest on securities 1,993 2,065
Other interest and dividend income 2,278 4,659
Total interest and dividend income 64,439 66,904
Interest expense:    
Interest on deposits 27,643 26,899
Interest on borrowings 5,327 9,423
Total interest expense 32,970 36,322
Net interest and dividend income 31,469 30,582
Provision for credit losses (benefit) 1,385 (168)
Net interest and dividend income, after provision for credit (benefits) losses 30,084 30,750
Mortgage banking income:    
Gain on sale of mortgage loans 2,716 2,013
Changes in mortgage servicing rights fair value (1,372) 54
Other 2,108 2,276
Total mortgage banking income 3,452 4,343
Deposit account fees 5,153 4,983
Income on retirement plan annuities 119 145
Bank-owned life insurance income 743 746
Other income 424 524
Total noninterest income 9,891 10,741
Noninterest expense:    
Compensation and benefits 18,785 17,636
Occupancy and equipment 4,627 4,781
Data processing 2,625 2,479
Loan expenses 431 371
Marketing 588 816
Deposit expenses 843 690
Postage and printing 353 438
Professional fees 1,382 1,457
Foreclosed and repossessed assets 5 4
Deposit insurance 1,050 1,164
Other expenses 2,161 1,914
Total noninterest expense 32,850 31,750
Income before income taxes 7,125 9,741
Income tax provision 1,625 2,441
Net income $ 5,500 $ 7,300
Earnings per common share:    
Basic $ 0.14 $ 0.17
Diluted $ 0.14 $ 0.17
Weighted average shares outstanding:    
Weighted average common shares, basic 40,344,922 41,912,421
Weighted average common shares, diluted 40,605,799 42,127,037