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Consolidated Statements of Income and Comprehensive 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 (includes YTD tax-exempt income of $2,169,000 for September 30, 2025 and $1,824,000 for September 30, 2024) $ 36,197 $ 33,498 $ 105,135 $ 95,541
Interest on deposits with other banks 108 56 215 190
Interest and dividends on investments (includes YTD tax-exempt income of $5,865,000 for September 30, 2025 and $5,971,000 for September 30, 2024) 4,700 4,733 14,189 14,102
     Total interest income 41,005 38,287 119,539 109,833
Interest expense        
Interest on deposits 19,380 20,118 58,374 59,111
Interest on borrowed funds 1,567 1,767 4,899 4,365
     Total interest expense 20,947 21,885 63,273 63,476
Net interest income 20,058 16,402 56,266 46,357
Credit loss expense (reduction) - loans 690 (580) 1,434 58
Credit loss (reduction) expense - debt securities HTM (12) 76 (10) (210)
Credit loss expense (reduction) - off-balance sheet credit exposures 22 (134) 154 (487)
Total credit loss expense (reduction) 700 (638) 1,578 (639)
Net interest income after provision for credit losses 19,358 17,040 54,688 46,996
Non-interest income        
Other operating income 980 821 2,516 2,282
     Total non-interest income 4,475 4,122 12,606 11,919
Non-interest expense        
Salaries and employee benefits 6,674 6,126 19,800 17,768
Occupancy expense 814 823 2,567 2,532
Furniture and equipment expense 1,491 1,416 4,391 4,182
FDIC insurance premiums 698 636 2,093 1,762
Amortization of identified intangibles 7 7 20 20
Other operating expense 3,070 2,992 8,926 8,747
     Total non-interest expense 12,754 12,000 37,797 35,011
Income before income taxes 11,079 9,162 29,497 23,904
Income tax expense 1,997 1,591 5,275 4,141
NET INCOME $ 9,082 $ 7,571 $ 24,222 $ 19,763
Basic earnings per common share (usd per share) $ 0.82 $ 0.69 $ 2.19 $ 1.79
Diluted earnings per common share (usd per share) $ 0.81 $ 0.68 $ 2.16 $ 1.78
Other comprehensive income (loss) net of tax        
Net unrealized gain on securities available for sale, net of taxes $ 3,714 $ 8,975 $ 9,148 $ 5,181
Net unrealized gain on transferred securities, net of taxes 20 2 7 7
Net unrealized loss on hedging derivative instruments (65) (869) (138) (436)
Other comprehensive gain 3,669 8,108 9,017 4,752
Comprehensive income 12,751 15,679 33,239 24,515
Investment management and fiduciary income        
Non-interest income        
Non-interest income 1,341 1,232 3,994 3,689
Service charges on deposit accounts        
Non-interest income        
Non-interest income 532 511 1,602 1,552
Mortgage origination and servicing income, net of amortization        
Non-interest income        
Non-interest income 219 193 635 512
Debit card income        
Non-interest income        
Non-interest income $ 1,403 $ 1,365 $ 3,859 $ 3,884