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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
INTEREST INCOME        
Interest and fees on loans $ 70,930 $ 69,157 $ 208,273 $ 202,203
Interest and dividends on taxable investment securities 5,036 4,962 15,368 14,611
Interest and dividends on tax-exempt investment securities 6 6 18 18
Interest on deposits with other banks 1,215 564 6,212 2,102
Total interest income 77,187 74,689 229,871 218,934
INTEREST EXPENSE        
Interest on deposits 26,474 28,856 81,914 84,938
Interest on short-term borrowings 640 491 1,843 2,131
Interest on long-term borrowings 1,418 2,079 4,178 5,327
Total interest expense 28,532 31,426 87,935 92,396
NET INTEREST INCOME 48,655 43,263 141,936 126,538
Provision for credit losses 2,992 1,470 5,548 3,958
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 45,663 41,793 136,388 122,580
NONINTEREST INCOME        
Service charges on deposit accounts 1,599 1,543 4,632 4,543
Trust and investment fee income 898 880 2,663 2,510
Mortgage banking revenue 1,278 1,177 4,897 3,961
Interchange credits 1,858 1,711 5,223 5,015
Other noninterest income 2,068 1,976 6,606 6,265
Total noninterest income 7,701 7,287 24,021 22,294
NONINTEREST EXPENSE        
Salaries and employee benefits 18,642 16,523 52,824 49,370
Occupancy expense 2,406 2,384 7,416 7,232
Furniture and equipment expense 892 876 2,542 2,681
Software and data processing 5,155 4,419 14,665 12,658
Directors’ fees 318 443 885 1,097
Amortization of other intangible assets 2,039 2,336 6,589 7,482
FDIC insurance premium expense 794 1,160 2,908 3,400
Legal and professional fees 989 1,362 3,827 4,315
Fraud losses 45 673 233 5,237
Other noninterest expense 3,099 3,938 10,647 10,839
Total noninterest expense 34,379 34,114 102,536 104,311
Income before income taxes 18,985 14,966 57,873 40,563
Income tax expense 4,637 3,777 14,254 9,956
NET INCOME $ 14,348 $ 11,189 $ 43,619 $ 30,607
Basic net income per common share (in dollars per share) $ 0.43 $ 0.34 $ 1.31 $ 0.92
Diluted net income per common share (in dollars per share) 0.43 0.34 1.31 0.92
Dividends paid per common share (in dollars per share) $ 0.12 $ 0.12 $ 0.36 $ 0.36