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CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest and fees on loans    
Taxable $ 82,042 $ 69,542
Tax exempt 900 901
Interest and dividends on securities    
Taxable 3,039 3,513
Tax exempt 3,947 4,300
Other interest income 1,106 964
Total interest income 91,034 79,220
Interest on deposits 41,164 24,918
Interest on short-term borrowings 2,454 2,783
Total interest expense 43,618 27,701
NET INTEREST INCOME 47,416 51,519
Provision for credit losses 1,520 4,350
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 45,896 47,169
NONINTEREST INCOME    
Wealth advisory fees 2,455 2,200
Investment brokerage fees 522 534
Service charges on deposit accounts 2,691 2,630
Loan and service fees 2,852 2,846
Merchant and interchange fee income 863 877
Bank owned life insurance income (loss) 1,036 691
Mortgage banking income (loss) 52 (99)
Net securities gains (losses) (46) 16
Other income 2,187 619
Total noninterest income 12,612 10,314
NONINTEREST EXPENSE    
Salaries and employee benefits 16,833 16,063
Net occupancy expense 1,740 1,572
Equipment costs 1,412 1,438
Data processing fees and supplies 3,839 3,452
Corporate and business development 1,381 1,431
FDIC insurance and other regulatory fees 789 795
Professional fees 2,463 2,121
Other expense 2,248 2,562
Total noninterest expense 30,705 29,434
INCOME BEFORE INCOME TAX EXPENSE 27,803 28,049
Income tax expense 4,402 3,771
NET INCOME $ 23,401 $ 24,278
BASIC WEIGHTED AVERAGE COMMON SHARES (in shares) 25,657,063 25,583,026
BASIC EARNINGS PER COMMON SHARE (in dollars per share) $ 0.91 $ 0.95
DILUTED WEIGHTED AVERAGE COMMON SHARES (in shares) 25,747,643 25,742,885
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) $ 0.91 $ 0.94