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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
INTEREST INCOME:    
Interest and fees on loans $ 38,425 $ 18,299
Interest on deposits in other banks 1,056 432
Interest and dividends on investment securities:    
Taxable 4,350 5,500
Exempt from Federal income taxes 1,307 1,396
Total interest income 45,138 25,627
INTEREST EXPENSE:    
Interest on deposits 10,388 5,018
Interest on borrowings 1,673 621
Interest on senior debt and subordinated debentures 895 915
Total interest expense 12,956 6,554
Net interest income before provision for credit losses 32,182 19,073
(CREDIT) PROVISION FOR CREDIT LOSSES (41) 575
Net interest income after (credit) provision for credit losses 32,223 18,498
NON-INTEREST INCOME:    
Service charges 502 384
Net realized losses on sales and calls of investment securities 0 (373)
Other income 2,109 1,625
Total non-interest income 2,611 1,636
NON-INTEREST EXPENSES:    
Salaries and employee benefits 12,959 8,638
Occupancy and equipment 2,827 1,543
Other Noninterest Expense 7,684 5,152
Total non-interest expenses 23,470 15,333
Income before provision for income taxes 11,364 4,801
Provision for income taxes 3,071 1,125
Net income $ 8,293 $ 3,676
Earnings per common share:    
Basic earnings per common share (in dollars per share) $ 0.44 $ 0.31
Weighted average common shares used in basic computation (in shares) 18,933,830 11,750,528
Diluted earnings per common share (in dollars per share) $ 0.44 $ 0.31
Weighted average common shares used in diluted computation (in shares) 19,014,773 11,790,231
Cash dividends per common share (in dollars per share) $ 0.12 $ 0.12