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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 $ 79,657 $ 71,645 $ 155,004 $ 144,176
Interest on investments:        
Taxable 8,370 5,168 16,583 10,304
Interest on loans held for sale 6 7 15 12
Interest on interest-earning deposits 1,618 2,418 4,394 3,940
Total interest income 89,651 79,238 175,996 158,432
INTEREST EXPENSE        
Interest on savings and interest-bearing deposit accounts 35,807 35,364 70,720 68,411
Interest on certificates of deposit 4,002 5,367 8,365 10,222
Interest on borrowed funds 505 381 516 3,848
Interest on finance lease liability 13 22 27 60
Interest on subordinated debt 924 1,686 2,363 3,370
Subtotal - interest expense 41,251 42,820 81,991 85,911
Interest on interest-bearing demand - brokered 110 134 210 260
Interest on certificates of deposits - brokered   1,242   2,844
Total interest expense 41,361 44,196 82,201 89,015
NET INTEREST INCOME BEFORE PROVISION FOR CREDIT LOSSES 48,290 35,042 93,795 69,417
Provision for credit losses 6,586 3,911 11,057 4,538
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 41,704 31,131 82,738 64,879
OTHER INCOME        
Wealth management fee income 15,943 16,419 31,378 30,826
Service charges and fees 1,194 1,345 2,306 2,667
Bank owned life insurance 370 328 741 831
Gain on loans held for sale at fair value (mortgage banking) 27 34 90 90
Gain on loans held for sale at lower of cost or fair value   23   23
Fee income related to loan level, back-to-back swaps 221   221  
Gain on sale of SBA loans 521 449 823 849
Corporate advisory fee income 30 103 120 921
Other income 3,096 2,938 4,382 4,244
Securities gains 7   7  
Fair value adjustment for CRA equity security 42 (84) 237 (195)
Total other income 21,451 21,555 40,305 40,256
OPERATING EXPENSES        
Compensation and employee benefits 36,061 29,884 71,940 58,360
Premises and equipment 6,641 5,776 12,795 10,857
FDIC insurance expense 1,045 870 1,900 1,815
Other operating expense 8,146 6,596 14,698 12,135
Total operating expenses 51,893 43,126 101,333 83,167
Income before income tax expense 11,262 9,560 21,710 21,968
Income tax expense 3,321 2,030 6,174 5,807
Net income $ 7,941 $ 7,530 $ 15,536 $ 16,161
EARNINGS PER SHARE        
Basic $ 0.45 $ 0.42 $ 0.88 $ 0.91
Diluted $ 0.45 $ 0.42 $ 0.87 $ 0.91
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING        
Basic 17,704,110 17,747,070 17,657,771 17,729,355
Diluted 17,773,237 17,792,296 17,799,095 17,811,895