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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
INTEREST INCOME        
Interest and fees on loans $ 69,695 $ 67,292 $ 137,343 $ 133,045
Interest and dividends on taxable investment securities 5,331 5,230 10,332 9,650
Interest and dividends on tax-exempt investment securities 6 6 12 12
Interest on deposits with other banks 1,588 578 4,997 1,538
Total interest income 76,620 73,106 152,684 144,245
INTEREST EXPENSE        
Interest on deposits 27,369 27,585 55,440 56,081
Interest on short-term borrowings 605 1,584 1,203 1,641
Interest on long-term borrowings 1,394 1,797 2,760 3,248
Total interest expense 29,368 30,966 59,403 60,970
NET INTEREST INCOME 47,252 42,140 93,281 83,275
Provision for credit losses 1,528 2,081 2,556 2,488
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 45,724 40,059 90,725 80,787
NONINTEREST INCOME        
Service charges on deposit accounts 1,519 1,493 3,033 3,001
Trust and investment fee income 942 896 1,765 1,630
Gain on sale of loans held for sale 1,325 1,131 2,291 1,838
Mortgage-banking revenue 1,054 852 1,328 945
Interchange credits 1,788 1,717 3,365 3,304
Other noninterest income 2,690 2,351 4,538 4,289
Total noninterest income 9,318 8,440 16,320 15,007
NONINTEREST EXPENSE        
Salaries and employee benefits 17,742 16,900 34,182 32,847
Occupancy expense 2,472 2,432 5,010 4,848
Furniture and equipment expense 796 900 1,650 1,804
Software and data processing 4,819 4,219 9,510 8,240
Directors’ fees 219 359 567 654
Amortization of other intangible assets 2,272 2,569 4,550 5,145
FDIC insurance premium expense 1,023 1,089 2,114 2,240
Legal and professional fees 1,225 1,354 2,838 2,954
Fraud losses 83 62 188 4,564
Other noninterest expense 3,759 3,615 7,548 6,901
Total noninterest expense 34,410 33,499 68,157 70,197
Income before income taxes 20,632 15,000 38,888 25,597
Income tax expense 5,125 3,766 9,617 6,179
NET INCOME $ 15,507 $ 11,234 $ 29,271 $ 19,418
Basic net income per common share (in dollars per share) $ 0.46 $ 0.34 $ 0.88 $ 0.58
Diluted net income per common share (in dollars per share) 0.46 0.34 0.88 0.58
Dividends paid per common share (in dollars per share) $ 0.12 $ 0.12 $ 0.24 $ 0.24