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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 $ 82,080 $ 73,111 $ 237,084 $ 217,287
Interest on investments:        
Taxable 7,504 6,107 24,087 16,411
Interest on loans held for sale 1 3 16 15
Interest on interest-earning deposits 2,960 3,982 7,354 7,922
Total interest income 92,545 83,203 268,541 241,635
INTEREST EXPENSE        
Interest on savings and interest-bearing deposit accounts 37,378 38,042 108,098 106,453
Interest on certificates of deposit 3,657 5,540 12,022 15,762
Interest on borrowed funds     516 3,848
Interest on finance lease liability 13 15 40 75
Interest on subordinated debt 924 1,685 3,287 5,055
Subtotal - interest expense 41,972 45,282 123,963 131,193
Interest on interest-bearing demand - brokered   134 210 394
Interest on certificates of deposits - brokered   106   2,950
Total interest expense 41,972 45,522 124,173 134,537
NET INTEREST INCOME BEFORE PROVISION FOR CREDIT LOSSES 50,573 37,681 144,368 107,098
Provision for credit losses 4,790 1,224 15,847 5,762
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 45,783 36,457 128,521 101,336
OTHER INCOME        
Wealth management fee income 15,798 15,150 47,176 45,976
Service charges and fees 1,184 1,327 3,490 3,994
Bank owned life insurance 383 390 1,124 1,221
Gain on loans held for sale at fair value (mortgage banking) 6 15 96 105
(Loss)/gain on loans held for sale at lower of cost or fair value (364)   (364) 23
Fee income related to loan level, back-to-back swaps 0   221  
Gain on sale of SBA loans 203 365 1,026 1,214
Corporate advisory fee income 692 55 812 976
Other income 2,094 1,162 6,476 5,406
Securities gains 0   7  
Fair value adjustment for CRA equity security 125 474 362 279
Total other income 20,121 18,938 60,426 59,194
OPERATING EXPENSES        
Compensation and employee benefits 36,756 31,050 108,696 89,410
Premises and equipment 6,676 5,633 19,471 16,490
FDIC insurance expense 1,345 870 3,245 2,685
Other operating expense 7,520 7,096 22,218 19,231
Total operating expenses 52,297 44,649 153,630 127,816
Income before income tax expense 13,607 10,746 35,317 32,714
Income tax expense 3,976 3,159 10,150 8,966
Net income $ 9,631 $ 7,587 $ 25,167 $ 23,748
EARNINGS PER SHARE        
Basic $ 0.55 $ 0.43 $ 1.43 $ 1.34
Diluted $ 0.54 $ 0.43 $ 1.42 $ 1.34
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING        
Basic 17,576,899 17,616,046 17,630,517 17,691,309
Diluted 17,686,979 17,700,042 17,763,871 17,746,560