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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income:      
Loans, including fees $ 154,675 $ 115,396 $ 113,648
Investment securities:      
Taxable 10,674 8,662 3,604
Nontaxable 4,741 4,140 3,854
Federal funds sold 829 2,889 983
Total interest income 170,919 131,087 122,089
Interest expense:      
Deposits 40,394 15,818 14,712
Other short-term borrowings 11,330 173 0
FHLB borrowings 5,309 94 2,915
Total interest expense 57,033 16,085 17,627
Net interest income 113,886 115,002 104,462
Credit loss expense (benefit) (Note 3) 15,621 6,340 (5,507)
Net interest income after credit loss expense (benefit) 98,265 108,662 109,969
Noninterest income:      
Net gain on sale of loans 1,541 1,517 7,588
Other noninterest income 541 1,333 581
Total other income 28,606 27,780 33,464
Noninterest expenses:      
Salaries and employee benefits 44,897 43,468 42,458
Occupancy 4,408 4,549 4,152
Furniture and equipment 6,835 6,937 7,276
Office supplies and postage 1,879 1,837 1,739
Advertising and business development 2,851 2,576 2,132
Outside services 13,791 12,766 12,592
FDIC insurance assessment 1,807 1,079 1,043
Other noninterest expenses 1,929 2,363 9,949
Total other expenses 78,397 75,575 81,341
Income before income taxes 48,474 60,867 62,092
Income taxes (Note 11) 10,298 13,114 14,007
Net income $ 38,176 $ 47,753 $ 48,085
Earnings per share:      
Basic (in dollars per share) $ 4.16 $ 5.15 $ 5.16
Diluted (in dollars per share) $ 4.16 $ 5.15 $ 5.16
Trust fees      
Noninterest income:      
Fee income $ 13,578 $ 12,284 $ 13,521
Service charges and fees      
Noninterest income:      
Fee income $ 12,946 $ 12,646 $ 11,774