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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
INTEREST INCOME    
Interest and Fees on Loans $ 57,826 $ 49,061
Interest on Federal Funds Sold and Other Short-term Investments 299 345
Interest and Dividends on Securities:    
Taxable 4,852 5,396
Non-taxable 5,281 5,687
TOTAL INTEREST INCOME 68,258 60,489
INTEREST EXPENSE    
Interest on Deposits 20,989 8,971
Interest on FHLB Advances and Other Borrowings 2,275 2,509
TOTAL INTEREST EXPENSE 23,264 11,480
NET INTEREST INCOME 44,994 49,009
Provision for Credit Losses 900 1,100
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 44,094 47,909
NON-INTEREST INCOME    
Company Owned Life Insurance 441 401
Other Operating Income 1,362 1,211
Net Gains on Sales of Loans 751 587
Net Gains on Securities 35 2
TOTAL NON-INTEREST INCOME 15,822 14,967
NON-INTEREST EXPENSE    
Salaries and Employee Benefits 21,178 21,846
Occupancy Expense 2,828 2,910
Furniture and Equipment Expense 976 910
FDIC Premiums 729 741
Data Processing Fees 2,811 2,755
Professional Fees 1,595 1,562
Advertising and Promotion 1,138 1,167
Intangible Amortization 578 785
Other Operating Expenses 4,905 4,940
TOTAL NON-INTEREST EXPENSE 36,738 37,616
Income before Income Taxes 23,178 25,260
Income Tax Expense 4,156 4,453
NET INCOME $ 19,022 $ 20,807
Basic Earnings Per Share (in dollars per share) $ 0.64 $ 0.71
Diluted Earnings Per Share (in dollars per share) $ 0.64 $ 0.71
Wealth Management Fees    
NON-INTEREST INCOME    
Non-interest income $ 3,366 $ 2,644
Service Charges on Deposit Accounts    
NON-INTEREST INCOME    
Non-interest income 2,902 2,788
Insurance Revenues    
NON-INTEREST INCOME    
Non-interest income 2,878 3,135
Interchange Fee Income    
NON-INTEREST INCOME    
Non-interest income $ 4,087 $ 4,199