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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 $ 40,384 $ 37,422 $ 118,346 $ 91,919
Interest on deposits in other banks 1,149 1,537 3,259 3,044
Interest and dividends on investment securities:        
Taxable 4,082 4,954 12,560 15,782
Exempt from Federal income taxes 1,273 1,372 3,887 4,164
Total interest income 46,888 45,285 138,052 114,909
INTEREST EXPENSE:        
Interest on deposits 10,785 12,493 31,711 29,778
Interest on borrowings 251 1,660 3,205 4,039
Interest on senior debt and subordinated debentures 908 918 2,705 2,749
Total interest expense 11,944 15,071 37,621 36,566
Net interest income before provision for credit losses 34,944 30,214 100,431 78,343
PROVISION (CREDIT) FOR CREDIT LOSSES 667 (518) 3,239 9,889
Net interest income after provision for credit losses 34,277 30,732 97,192 68,454
NON-INTEREST INCOME:        
Service charges 519 478 1,526 1,342
Net realized losses on sales and calls of investment securities (26) (1,853) (41) (4,199)
Other income 2,473 2,480 6,456 6,999
Total non-interest income 2,966 1,105 7,941 4,142
NON-INTEREST EXPENSES:        
Salaries and employee benefits 12,525 13,710 37,744 35,800
Occupancy and equipment 2,933 2,687 8,554 6,653
Other Noninterest Expense 6,709 11,280 21,636 29,060
Total non-interest expenses 22,167 27,677 67,934 71,513
Income before provision for income taxes 15,076 4,160 37,199 1,083
Provision for income taxes 4,203 775 10,201 312
Net income $ 10,873 $ 3,385 $ 26,998 $ 771
Earnings per common share:        
Basic earnings per common share (in dollars per share) $ 0.57 $ 0.18 $ 1.42 $ 0.05
Weighted average common shares used in basic computation (in shares) 19,019,990 18,843,606 18,980,661 16,478,049
Diluted earnings per common share (in dollars per share) $ 0.57 $ 0.18 $ 1.42 $ 0.05
Weighted average common shares used in diluted computation (in shares) 19,093,544 18,965,434 19,051,291 16,575,361
Cash dividend per common share (in dollars per share) $ 0.12 $ 0.12 $ 0.36 $ 0.36