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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
INTEREST AND DIVIDEND INCOME      
Loans, including fees $ 185,710 $ 171,808 $ 107,790
Taxable securities 26,838 26,231 20,843
Tax exempt securities 10,007 10,834 11,898
Dividends 1,450 1,986 871
Federal funds sold and other interest income 3,727 2,476 684
TOTAL INTEREST AND DIVIDEND INCOME 227,732 213,335 142,086
INTEREST EXPENSE      
Deposits 81,169 63,106 13,085
Short-term borrowings 14,105 8,357 1,408
Long-term borrowings 4,090 4,086 3,427
TOTAL INTEREST EXPENSE 99,364 75,549 17,920
NET INTEREST INCOME 128,368 137,786 124,166
Provision for credit losses 8,244 8,718 250
(Credit) provision for unfunded commitments (278) 435 872
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES AND UNFUNDED COMMITMENTS 120,402 128,633 123,044
NONINTEREST INCOME      
Bank owned life insurance income, including death benefits 2,659 2,442 1,810
Security (losses), including fair value changes for equity securities (2,638) (471) (454)
Net gains on sale of loans 1,502 2,391 2,062
Other mortgage banking income, net 435 711 291
Legal settlement 0 0 8,375
Other operating income 4,748 4,471 3,976
TOTAL NONINTEREST INCOME 41,716 41,861 44,202
NONINTEREST EXPENSE      
Salaries and employee benefits 58,925 57,374 45,013
Occupancy and equipment 15,588 15,434 11,379
FDIC insurance and state and local taxes 5,029 5,848 3,951
Professional fees 4,317 4,351 6,114
Merger related costs 92 5,475 4,070
Advertising 1,503 1,793 1,947
Intangible amortization 2,861 3,434 1,973
Core processing charges 4,622 4,639 3,348
Charitable donation 0 0 6,000
Other operating expenses 13,754 13,448 10,616
TOTAL NONINTEREST EXPENSE 106,691 111,796 94,411
Income before taxes 55,427 58,698 72,835
INCOME TAXES 9,478 8,766 12,238
Net Income $ 45,949 $ 49,932 $ 60,597
EARNINGS PER SHARE:      
Basic $ 1.23 $ 1.34 $ 1.79
Diluted $ 1.22 $ 1.33 $ 1.79
Service Charges on Deposit Accounts      
NONINTEREST INCOME      
Noninterest income $ 7,311 $ 6,322 $ 4,716
Trust Fees      
NONINTEREST INCOME      
Noninterest income 10,099 9,047 8,460
Insurance Agency Commissions      
NONINTEREST INCOME      
Noninterest income 5,472 5,444 4,402
Retirement Plan Consulting Fees      
NONINTEREST INCOME      
Noninterest income 2,637 2,467 2,567
Investment Commissions      
NONINTEREST INCOME      
Noninterest income 2,007 1,978 2,183
Debit Card and EFT Fees      
NONINTEREST INCOME      
Noninterest income $ 7,484 $ 7,059 $ 5,814