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Condensed Consolidated Statements of Income (unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income:    
Interest and fees on loans $ 77,823,000 $ 56,236,000
Interest on investment securities 7,405,000 7,127,000
Interest on certificates of deposit investments 20,000 14,000
Interest on federal funds sold 17,000 85,000
Interest on deposits with other financial institutions 2,407,000 209,000
Total interest income 87,672,000 63,671,000
Interest expense:    
Interest on deposits 26,096,000 12,767,000
Interest on securities sold under agreements to repurchase 2,056,000 1,463,000
Interest on FHLB borrowings 2,314,000 4,874,000
Interest on other borrowings 0 9,000
Interest on junior subordinated debentures 542,000 379,000
Interest on subordinated debentures 1,194,000 988,000
Total interest expense 32,202,000 20,480,000
Net interest income 55,470,000 43,191,000
Provision for credit losses (357,000) (817,000)
Net interest income after provision for credit losses 55,827,000 44,008,000
Other income:    
Wealth management revenues 5,322,000 5,514,000
Insurance commissions 9,213,000 8,480,000
Service charges 2,956,000 2,203,000
Securities gains (losses), net 0 (46,000)
Mortgage banking revenue, net 706,000 150,000
ATM / debit card revenue 4,055,000 3,083,000
Bank owned life insurance 1,121,000 1,641,000
Other 1,105,000 1,454,000
Total other income 24,478,000 22,479,000
Other expense:    
Salaries and employee benefits 30,448,000 26,071,000
Net occupancy and equipment expense 7,560,000 6,005,000
Net other real estate owned expense (21,000) 133,000
FDIC insurance 869,000 463,000
Amortization of intangible assets 3,497,000 1,522,000
Stationery and supplies 391,000 292,000
Legal and professional 2,449,000 1,690,000
ATM / debit card 1,191,000 1,223,000
Marketing and donations 862,000 654,000
Other 6,116,000 3,524,000
Total other expense 53,362,000 41,577,000
Income before income taxes 26,943,000 24,910,000
Income taxes 6,440,000 5,730,000
Net income $ 20,503,000 $ 19,180,000
Per share data:    
Basic net income per common share $ 0.86 $ 0.94
Diluted net income per common share 0.86 0.93
Cash dividends declared per common share $ 0.23 $ 0.23