v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest income:    
Interest and fees on loans and leases $ 108,690 $ 107,302
Interest and dividends on taxable investment securities 16,526 15,372
Interest on tax-exempt investment securities 815 968
Other interest income 790 900
Total interest income 126,821 124,542
Interest expense:    
Interest on deposits 28,630 35,164
Interest on short-term borrowings 4,959 508
Interest on long-term borrowings 2,812 3,615
Total interest expense 36,401 39,287
Net interest income 90,420 85,255
Provision for credit losses 9,694 10,190
Net interest income after provision for credit losses 80,726 75,065
Non-interest income:    
Insurance income 5,580 6,054
Lease income 4,581 3,468
Bank owned life insurance income 1,162 1,133
Mortgage banking income 376 396
Net loss on investment securities 0 (2)
Net loss on asset disposals and other transactions (410) (361)
Other non-interest income 1,166 1,450
Total non-interest income 28,254 27,099
Non-interest expense:    
Salaries and employee benefit costs 39,835 39,821
Data processing and software expense 7,536 7,005
Net occupancy and equipment expense 6,224 5,612
Professional fees 2,753 3,087
Electronic banking expense 2,081 2,025
Operating lease expense 1,804 985
Amortization of other intangible assets 1,697 2,213
Federal Deposit Insurance Corporation ("FDIC") insurance expense 1,410 1,251
Other loan expenses 1,123 1,119
Franchise tax expense 1,004 929
Marketing expense 886 903
Communication expense 589 734
Travel and entertainment expense 583 500
Other non-interest expense 4,110 4,603
Total non-interest expense 71,635 70,787
Income before income taxes 37,345 31,377
Income tax expense 8,339 7,041
Net income $ 29,006 $ 24,336
Earnings per common share - basic (in usd per share) $ 0.82 $ 0.69
Earnings per common share - diluted (in usd per share) $ 0.81 $ 0.68
Weighted-average number of common shares outstanding - basic (in shares) 35,108,649 34,895,723
Weighted-average number of common shares outstanding - diluted (in shares) 35,485,424 35,297,135
Cash dividends declared $ 14,647 $ 14,227
Cash dividends declared per common share (in usd per share) $ 0.41 $ 0.40
Electronic banking income    
Non-interest income:    
Revenue from contract with customer $ 5,927 $ 5,885
Trust and investment income    
Non-interest income:    
Revenue from contract with customer 5,605 5,061
Deposit account service charges    
Non-interest income:    
Revenue from contract with customer $ 4,267 $ 4,015