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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest and dividend income    
Loans, including fees $ 58,829 $ 48,381
Securities, taxable 9,877 5,947
Securities, nontaxable 391 669
Federal funds sold and other 2,670 1,126
Total interest and dividend income 71,767 56,123
Interest expense    
Deposits 22,855 13,821
Federal funds purchased and retail repurchase agreements 326 195
Federal Home Loan Bank advances 1,144 1,018
Federal Reserve Bank borrowings 1,361 135
Subordinated debt 1,899 1,844
Total interest expense 27,585 17,013
Net interest income 44,182 39,110
Provision (reversal) for credit losses 1,000 (366)
Net interest income after provision (reversal) for credit losses 43,182 39,476
Non-interest income    
Increase in value of bank-owned life insurance 828 1,583
Net gain on acquisition and branch sales 1,239  
Net gain (loss) from securities transactions 43 32
Other 4,417 1,798
Total non-interest income 11,731 8,600
Non-interest expense    
Salaries and employee benefits 18,097 16,692
Net occupancy and equipment 3,535 2,879
Data processing 4,828 3,916
Professional fees 1,392 1,384
Advertising and business development 1,238 1,159
Telecommunications 655 485
FDIC insurance 571 360
Courier and postage 606 458
Free nationwide ATM cost 494 525
Amortization of core deposit intangibles 899 918
Loan expense 109 117
Other real estate owned (84) 119
Merger expenses 1,556  
Other 3,256 4,217
Total non-interest expense 37,152 33,229
Income (loss) before income taxes 17,761 14,847
Provision (benefit) for income taxes 3,693 2,524
Net income (loss) and net income (loss) allocable to common stockholders $ 14,068 $ 12,323
Basic earnings (loss) per share $ 0.91 $ 0.78
Diluted earnings (loss) per share $ 0.9 $ 0.77
Service Charges and Fees [Member]    
Non-interest income    
Non-interest income $ 2,569 $ 2,545
Debit Card Income [Member]    
Non-interest income    
Non-interest income 2,447 2,554
Mortgage Banking [Member]    
Non-interest income    
Non-interest income $ 188 $ 88