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Consolidated Statements Of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest Income        
Interest and fees on loans $ 61,407,000 $ 55,582,000 $ 179,820,000 $ 154,939,000
Interest and dividends on investment securities:        
Taxable 14,403,000 12,432,000 40,390,000 35,999,000
Tax-exempt 824,000 910,000 2,492,000 3,022,000
Interest on deposits in depository institutions 1,417,000 1,265,000 4,907,000 5,440,000
Total Interest Income 78,051,000 70,189,000 227,609,000 199,400,000
Interest Expense        
Interest on deposits 17,072,000 10,551,000 47,066,000 24,808,000
Interest on short-term borrowings 3,788,000 2,990,000 11,309,000 8,334,000
Interest on FHLB long-term advances 1,586,000 1,034,000 4,577,000 1,683,000
Total Interest Expense 22,446,000 14,575,000 62,952,000 34,825,000
Net Interest Income 55,605,000 55,614,000 164,657,000 164,575,000
Provision for credit losses 1,200,000 200,000 1,520,000 3,543,000
Net Interest Income After Provision for Credit Losses 54,405,000 55,414,000 163,137,000 161,032,000
Non-Interest Income        
(Losses) gains on sale of investment securities, net (12,000) (730,000) (13,000) 43,000
Unrealized gains recognized on equity securities still held, net 353,000 0 565,000 67,000
Bank owned  life insurance 1,435,000 807,000 3,137,000 4,819,000
Other income 772,000 742,000 2,273,000 3,020,000
Total Non-Interest Income 20,348,000 17,410,000 57,207,000 56,393,000
Non-Interest Expense        
Salaries and employee benefits 19,245,000 18,289,000 56,874,000 54,391,000
Occupancy related expense 2,774,000 2,950,000 8,470,000 8,401,000
Equipment and software related expense 3,431,000 2,830,000 9,490,000 8,805,000
FDIC insurance expense 734,000 919,000 2,163,000 2,054,000
Advertising 1,081,000 790,000 2,920,000 2,524,000
Bankcard expenses 2,271,000 2,188,000 6,600,000 5,433,000
Postage, delivery, and statement mailings 666,000 668,000 2,046,000 1,911,000
Office supplies 480,000 457,000 1,365,000 1,468,000
Legal and professional fees 500,000 529,000 1,533,000 1,557,000
Telecommunications 578,000 568,000 1,802,000 1,797,000
Repossessed asset losses, net of expenses 21,000 40,000 256,000 78,000
Merger related expenses 0 2,000 0 5,647,000
Other expenses 5,857,000 4,798,000 16,791,000 14,346,000
Total Non-Interest Expense 37,638,000 35,028,000 110,310,000 108,412,000
Income Before Income Taxes 37,115,000 37,796,000 110,034,000 109,013,000
Income tax expense 7,306,000 7,957,000 21,587,000 22,100,000
Net Income Available to Common Shareholders $ 29,809,000 $ 29,839,000 $ 88,447,000 $ 86,913,000
Earnings Per Share [Abstract]        
Basic earnings per common share (in dollars per share) $ 2.02 $ 1.98 $ 5.96 $ 5.78
Diluted earnings per common share (in dollars per share) $ 2.02 $ 1.98 $ 5.96 $ 5.77
Retained Earnings        
Non-Interest Expense        
Net Income Available to Common Shareholders $ 29,809,000 $ 29,839,000 $ 88,447,000 $ 86,913,000
Service charges        
Non-Interest Income        
Revenue from contract with customer 7,531,000 7,124,000 21,546,000 20,593,000
Bankcard revenue        
Non-Interest Income        
Revenue from contract with customer 7,346,000 7,058,000 21,391,000 20,851,000
Trust and investment management fee income        
Non-Interest Income        
Revenue from contract with customer $ 2,923,000 $ 2,409,000 $ 8,308,000 $ 7,000,000