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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest income:      
Interest and fees on loans $ 282,203 $ 258,583 $ 170,819
Interest and dividends on investment securities 25,419 23,623 24,541
Other interest income 5,609 3,927 747
Total interest income 313,231 286,133 196,107
Interest expense:      
Deposits 140,008 107,361 22,994
Short-term borrowings 3,367 6,890 1,500
Long-term borrowings 6,267 6,167 4,241
Total interest expense 149,642 120,418 28,735
Net interest income 163,589 165,715 167,372
Provision for credit losses 6,150 13,681 13,311
Net interest income after provision for credit losses 157,439 152,034 154,061
Noninterest (loss) income:      
Service charges on deposits 4,233 4,625 5,889
Insurance income 2,144 6,708 6,364
Card Interchange Income 7,855 8,220 8,205
Investment advisory income 10,713 10,955 11,493
Company owned life insurance 5,487 12,106 5,542
Investments in limited partnerships 2,382 1,783 1,293
Loan servicing 716 479 507
Income from derivative instruments, net 726 1,350 1,919
Net gain on sale of loans held for sale 618 566 1,227
Net loss on investment securities (100,055) (3,576) (15)
Net gain (loss) on other assets 13,614 (6) (16)
Net loss on tax credit investments (775) (252) (815)
Other 5,661 5,286 4,678
Total noninterest (loss) income (46,681) 48,244 46,271
Noninterest expense:      
Salaries and employee benefits 66,126 71,889 69,633
Occupancy and equipment 14,361 14,798 15,103
Professional services 7,702 5,259 5,592
Computer and data processing 22,689 20,110 17,638
Supplies and postage 1,935 1,873 1,943
FDIC assessments 5,284 4,902 2,440
Advertising and promotions 1,573 1,926 2,013
Amortization of intangibles 552 910 986
Provision for litigation settlement 23,022 0 0
Deposit-related charged-off items 20,341 1,201 789
Restructuring charges 35 114 1,619
Other 15,286 14,243 11,606
Noninterest expense 178,906 137,225 129,362
(Loss) income before income taxes (68,148) 63,053 70,970
Income tax (benefit) expense (26,502) 12,789 14,397
Net (loss) income (41,646) 50,264 56,573
Preferred stock dividends 1,459 1,459 1,459
Net (loss) income available to common shareholders $ (43,105) $ 48,805 $ 55,114
(Loss) earnings per common share (Note 18):      
Basic $ (2.75) $ 3.17 $ 3.58
Diluted (2.75) 3.15 3.56
Cash dividends declared per common share $ 1.2 $ 1.2 $ 1.16
Weighted average common shares outstanding:      
Basic 15,683 15,376 15,384
Diluted 15,683 15,475 15,471