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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
INTEREST INCOME:    
Interest and fees on loans $ 57,862 $ 50,450
Taxable interest on investment securities 14,834 14,657
Nontaxable interest on investment securities 181 586
Interest on interest earning deposits 1,476 972
Total interest income 74,353 66,665 CloseClose
INTEREST EXPENSE:    
Deposits 16,388 4,528
Junior subordinated debentures 547 482
Securities sold under agreement to repurchase 0 47
Borrowings 5,888 1,766
Total interest expense 22,823 6,823 Close
Net interest income 51,530 59,842 Close
Provision for credit losses 1,392 1,825 Close
Net interest income after provision for credit losses 50,138 58,017
NONINTEREST INCOME:    
Loss on sale of investment securities, net (9,973) (286)
Gain on sale of loans, net 26 49
Interest rate swap fees 0 53
Bank owned life insurance income 920 709
Gain on sale of other assets, net 0 2
Other income 1,500 3,107
Total noninterest income (loss) (2,900) 8,258
NONINTEREST EXPENSE:    
Compensation and employee benefits 25,476 25,536
Occupancy and equipment 4,932 4,892
Data processing 3,537 4,342
Marketing 211 402
Professional services 567 628
State/municipal business and use taxes 1,300 1,008
Federal deposit insurance premium 795 850
Amortization of intangible assets 421 623
Other expense 3,131 3,324
Total noninterest expense 40,370 41,605 CloseClose
Income before income taxes 6,868 24,670 CloseClose
Income tax expense 1,120 4,213 CloseClose
Net income $ 5,748 $ 20,457 CloseClose
Basic earnings per share (in dollars per share) $ 0.17 $ 0.58
Diluted earnings per share (in dollars per share) 0.16 0.58
Dividends declared per share (in dollars per share) $ 0.23 $ 0.22
Average Number of Basic Common Shares Outstanding (in shares) 34,825,471 35,108,390
Average number of diluted shares outstanding (in shares) 35,227,138 35,445,340
Net Income $ 5,748 $ 20,457
Service charges and other fees    
NONINTEREST INCOME:    
Service charges, other fees and card revenue 2,788 2,624
Card revenue    
NONINTEREST INCOME:    
Service charges, other fees and card revenue $ 1,839 $ 2,000