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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 $ 67,292 $ 32,729 $ 133,045 $ 63,557
Interest and dividends on taxable investment securities 5,230 3,729 9,650 7,793
Interest and dividends on tax-exempt investment securities 6 5 12 12
Interest on deposits with other banks 578 170 1,538 333
Total interest income 73,106 36,633 144,245 71,695
INTEREST EXPENSE        
Interest on deposits 27,585 9,914 56,081 17,195
Interest on short-term borrowings 1,584 3,449 1,641 4,810
Interest on long-term borrowings 1,797 776 3,248 1,532
Total interest expense 30,966 14,139 60,970 23,537
NET INTEREST INCOME 42,140 22,494 83,275 48,158
Provision for credit losses 2,081 667 2,488 1,880
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 40,059 21,827 80,787 46,278
NONINTEREST INCOME        
Service charges on deposit accounts 1,493 1,264 3,001 2,477
Trust and investment fee income 896 399 1,630 831
Interchange credits 1,717 1,311 3,304 2,523
Mortgage-banking revenue 1,983 1,054 2,783 2,031
Title Company revenue 165 186 243 323
Other noninterest income 2,186 1,080 4,046 2,443
Total noninterest income 8,440 5,294 15,007 10,628
NONINTEREST EXPENSE        
Salaries and wages 13,307 8,955 25,158 17,639
Employee benefits 3,593 2,440 7,689 5,361
Occupancy expense 2,432 1,599 4,848 3,218
Furniture and equipment expense 900 477 1,804 1,011
Data processing 2,978 1,739 5,845 3,537
Directors' fees 359 185 654 435
Amortization of other intangible assets 2,569 435 5,145 876
FDIC insurance premium expense 1,089 758 2,240 1,129
Other real estate owned expenses, net 0 0 0 (1)
Legal and professional fees 1,354 959 2,954 1,709
Fraud losses [1] 62 47 4,564 114
Merger-related expenses 0 1,197 0 1,888
Other noninterest expenses 4,856 2,817 9,296 5,585
Total noninterest expense 33,499 21,608 70,197 42,501
Income before income taxes 15,000 5,513 25,597 14,405
Income tax expense 3,766 1,495 6,179 3,930
NET INCOME $ 11,234 $ 4,018 $ 19,418 $ 10,475
Basic net income per common share (in dollars per share) $ 0.34 $ 0.20 $ 0.58 $ 0.53
Diluted net income per common share (in dollars per share) 0.34 0.20 0.58 0.53
Dividends paid per common share (in dollars per share) $ 0.12 $ 0.12 $ 0.24 $ 0.24
[1] Fraud losses includes $4.3 million of credit card fraud losses for the six months ended June 30, 2024