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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest income:        
Loans, including loan fees $ 100,824 $ 87,657 $ 292,447 $ 250,890
Investment securities:        
Taxable 5,211 4,351 14,824 13,445
Tax-exempt 1,095 1,424 3,485 4,637
Other interest income 5,492 6,452 14,775 10,345
Total interest income 112,622 99,884 325,531 279,317
Interest expense:        
Deposits 42,060 34,964 122,436 89,241
Short-term borrowings 2 474 2 4,794
Long-term borrowings 2,194 2,972 6,578 8,048
Total interest expense 44,256 38,410 129,016 102,083
Net interest income 68,366 61,474 196,515 177,234
Provision for credit losses 750 450 2,850 3,990
Net interest income after provision for credit losses 67,616 61,024 193,665 173,244
Noninterest income:        
Mortgage income, net 2,853 2,020 6,851 5,308
BOLI income 1,455 1,090 4,027 3,363
Deferred compensation plan asset market valuations 1,162 (457) 1,390 988
LSR income, net 1,090 1,108 3,341 3,398
Asset gains (losses), net 1,177 31 3,702 (38,755)
Other income 2,079 1,879 6,427 5,611
Total noninterest income 22,378 16,541 61,409 11,538
Noninterest expense:        
Personnel 28,937 23,944 81,732 72,172
Occupancy, equipment and office 8,826 9,027 26,451 26,655
Business development and marketing 1,823 1,869 6,005 5,936
Data processing 4,535 4,643 13,086 12,849
Intangibles amortization 1,694 1,986 5,289 6,230
FDIC assessments 990 1,500 3,013 3,049
Merger-related expense 0 0 0 189
Other expense 2,343 2,769 7,572 8,490
Total noninterest expense 49,148 45,738 143,148 135,570
Income before income tax expense 40,846 31,827 111,926 49,212
Income tax expense 8,330 14,669 22,347 18,357
Net income $ 32,516 $ 17,158 $ 89,579 $ 30,855
Earnings per common share:        
Basic (in dollars per share) $ 2.16 $ 1.16 $ 5.99 $ 2.10
Diluted (in dollars per share) $ 2.10 $ 1.14 $ 5.84 $ 2.05
Weighted average common shares outstanding:        
Basic (in shares) 15,052,524 14,740,319 14,965,982 14,715,588
Diluted (in shares) 15,479,395 15,099,622 15,329,687 15,044,259
Wealth management fee income        
Noninterest income:        
Fees and commissions $ 7,085 $ 6,057 $ 20,244 $ 17,439
Service charges on deposit accounts        
Noninterest income:        
Fees and commissions 1,913 1,492 5,307 4,501
Card interchange income        
Noninterest income:        
Fees and commissions $ 3,564 $ 3,321 $ 10,120 $ 9,685