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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
INTEREST INCOME        
Interest and fees on loans $ 69,157 $ 64,869 $ 202,203 $ 128,424
Interest and dividends on taxable investment securities 4,962 5,047 14,611 12,840
Interest and dividends on tax-exempt investment securities 6 27 18 41
Interest on federal funds sold 0 92 0 92
Interest on deposits with other banks 564 1,213 2,102 1,546
Total interest income 74,689 71,248 218,934 142,943
INTEREST EXPENSE        
Interest on deposits 28,856 23,473 84,938 40,668
Interest on short-term borrowings 491 692 2,131 5,501
Interest on long-term borrowings 2,079 1,461 5,327 2,992
Total interest expense 31,426 25,626 92,396 49,161
NET INTEREST INCOME 43,263 45,622 126,538 93,782
Provision for credit losses 1,470 28,176 3,958 30,056
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 41,793 17,446 122,580 63,726
NONINTEREST INCOME        
Service charges on deposit accounts 1,543 1,505 4,543 3,981
Trust and investment fee income 880 1,933 2,510 2,764
Loss on sales and calls of investment securities 0 (2,166) 0 (2,166)
Interchange credits 1,711 1,557 5,015 4,081
Mortgage-banking revenue 1,177 1,377 3,961 3,408
Title Company revenue 100 89 344 412
Bargain purchase gain 0 8,816 0 8,816
Other noninterest income 1,876 1,873 5,921 4,317
Total noninterest income 7,287 14,984 22,294 25,613
NONINTEREST EXPENSE        
Salaries and wages 13,197 14,183 38,355 31,822
Employee benefits 3,326 3,607 11,015 8,968
Occupancy expense 2,384 2,245 7,232 5,463
Furniture and equipment expense 876 750 2,681 1,761
Data processing 3,081 2,485 8,925 6,022
Directors' fees 443 295 1,097 730
Amortization of other intangible assets 2,336 2,634 7,482 3,510
FDIC insurance premium expense 1,160 618 3,400 1,747
Legal and professional fees 1,362 1,217 4,315 2,926
Fraud losses [1] 673 262 5,237 376
Merger-related expenses 0 14,866 0 16,754
Other noninterest expenses 5,276 3,996 14,572 9,582
Total noninterest expense 34,114 47,158 104,311 89,661
Income (loss) before income taxes 14,966 (14,728) 40,563 (322)
Income tax expense (benefit) 3,777 (4,991) 9,956 (1,060)
NET INCOME (LOSS) $ 11,189 $ (9,737) $ 30,607 $ 738
Basic net income (loss) per common share (in dollars per share) $ 0.34 $ (0.29) $ 0.92 $ 0.03
Diluted net income (loss) per common share (in dollars per share) 0.34 (0.29) 0.92 0.03
Dividends paid per common share (in dollars per share) $ 0.12 $ 0.12 $ 0.36 $ 0.36
[1] Fraud losses includes $337 thousand and $4.7 million of credit card fraud losses for the three and nine months ended September 30, 2024, respectively