v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
INTEREST INCOME:    
Loans, including fees $ 119,783 $ 120,640
Securities:    
Taxable 19,623 16,148
Tax-exempt 805 812
Deposits in other financial institutions 4,884 4,720
Total interest income 145,095 142,320
INTEREST EXPENSE:    
Demand, money market and savings deposits 29,644 27,574
Certificates and other time deposits 8,624 13,527
Borrowed funds 149 517
Subordinated debt 747 1,444
Total interest expense 39,164 43,062
NET INTEREST INCOME 105,931 99,258
Provision for credit losses 2,497 3,632
Net interest income after provision for credit losses 103,434 95,626
NONINTEREST INCOME:    
Service charges on deposit accounts 1,635 1,584
(Loss) gain on sale/write-down of assets (37) 417
Bank-owned life insurance income 626 610
Debit card and interchange income 547 520
Other 2,339 2,374
Total noninterest income 5,110 5,505
NONINTEREST EXPENSE:    
Salaries and employee benefits 43,931 41,792
Net occupancy and equipment 4,575 3,926
Depreciation 1,971 1,995
Data processing and software amortization 6,073 5,682
Professional fees 886 1,786
Regulatory assessments and FDIC insurance 1,639 1,733
Amortization of intangibles 4,886 5,548
Communications 759 847
Advertising 799 782
Acquisition and merger-related expenses 3,307 0
Other 6,338 6,075
Total noninterest expense 75,164 70,166
INCOME BEFORE INCOME TAXES 33,380 30,965
Provision for income taxes 6,414 6,263
NET INCOME $ 26,966 $ 24,702
EARNINGS PER SHARE:    
Basic (in dollars per share) $ 0.53 $ 0.46
Diluted (in dollars per share) 0.53 0.46
DIVIDENDS PER SHARE (in dollars per share) $ 0.15 $ 0.14