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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income      
Loans, including fees $ 253,108 $ 166,848 $ 135,048
Securities, taxable 9,041 7,603 5,127
Securities, tax-exempt 3,663 2,734 2,386
Other interest-earning assets 5,546 4,654 933
Total interest income 271,358 181,839 143,494
Interest expense      
Deposits 55,444 10,037 9,114
Short-term borrowings 2,847 294 170
Federal Home Loan Bank advances 11,367 7,125 8,177
Subordinated debentures and other borrowings 8,155 6,139 1,971
Total interest expense 77,813 23,595 19,432
Net interest income 193,545 158,244 124,062
Provision (benefit) for credit losses 7,700 6,550 (4,300)
Net interest income after provision for credit losses 185,845 151,694 128,362
Noninterest income:      
Mortgage banking activities 7,595 8,664 29,959
Interest rate swap program fees 3,946 3,488 6,862
Payroll processing 2,509 2,178 1,815
Earnings on bank owned life insurance 1,500 1,678 1,164
Gain on sale of branch 0 0 1,058
Other income 2,725 1,901 2,768
Total noninterest income 32,143 32,077 56,220
Noninterest expense      
Salaries and benefits 68,801 65,124 66,447
Occupancy 9,150 8,362 8,088
Furniture and equipment rent, depreciation and maintenance 3,464 3,614 3,654
Data processing 11,618 12,359 11,104
Advertising 1,565 1,445 1,175
FDIC insurance costs 2,258 1,239 1,820
Charitable foundation contributions 666 1,514 4,020
Other expense 17,767 14,324 14,558
Total noninterest expense 115,289 107,981 110,866
Income before federal income tax expense 102,699 75,790 73,716
Federal income tax expense 20,482 14,727 14,695
Net income $ 82,217 $ 61,063 $ 59,021
Earnings per common share:      
Basic (in dollars per share) $ 5.13 $ 3.85 $ 3.69
Diluted (in dollars per share) $ 5.13 $ 3.85 $ 3.69
Service Charges on Deposit and Sweep Accounts [Member]      
Noninterest income:      
Noninterest revenue $ 4,954 $ 5,952 $ 5,078
Credit and Debit Card [Member]      
Noninterest income:      
Noninterest revenue $ 8,914 $ 8,216 $ 7,516