v3.25.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
INTEREST INCOME      
Loans, including Fees $ 164,933 $ 152,250 $ 106,444
Investment Securities:      
Taxable 17,074 18,652 15,917
Tax Exempt 23 40 38
Federal Funds Sold and Interest Bearing Deposits 12,627 10,126 9,511
Total Interest Income 194,657 181,068 131,910
INTEREST EXPENSE      
Deposits 32,162 17,582 3,444
Short-Term Borrowings 1,080 2,051 1,761
Subordinated Notes Payable 2,449 2,427 1,652
Other Long-Term Borrowings 28 20 31
Total Interest Expense 35,719 22,080 6,888
NET INTEREST INCOME 158,938 158,988 125,022
Provision for Credit Losses 4,031 9,714 7,494
Net Interest Income After Provision for Credit Losses 154,907 149,274 117,528
NONINTEREST INCOME      
Other 6,467 8,630 7,691
Total Noninterest Income 75,976 71,610 75,181
NONINTEREST EXPENSE      
Compensation 100,721 93,787 91,519
Occupancy, Net 27,982 27,660 24,574
Other 36,612 35,576 35,541
Total Noninterest Expense 165,315 157,023 151,634
INCOME BEFORE INCOME TAXES 65,568 63,861 41,075
Income Tax Expense 13,924 13,040 7,798
NET INCOME 51,644 50,821 33,277
Loss Attributable to Noncontrolling Interests 1,271 1,437 135
NET INCOME ATTRIBUTABLE TO COMMON SHAREOWNERS $ 52,915 $ 52,258 $ 33,412
BASIC NET INCOME PER SHARE (in dollars per share) $ 3.12 $ 3.08 $ 1.97
DILUTED NET INCOME PER SHARE (in dollars per share) $ 3.12 $ 3.07 $ 1.97
Average Basic Common Shares Outstanding (in shares) 16,943 16,987 16,951
Average Diluted Common Shares Outstanding (in shares) 16,969 17,023 16,985
Deposit fees [Member]      
NONINTEREST INCOME      
Revenue, fees and commissions $ 21,346 $ 21,325 $ 22,121
Bank card fees [Member]      
NONINTEREST INCOME      
Revenue, fees and commissions 14,707 14,918 15,401
Wealth management fees [Member]      
NONINTEREST INCOME      
Revenue, fees and commissions 19,113 16,337 18,059
Mortgage Banking Revenues [Member]      
NONINTEREST INCOME      
Revenue, fees and commissions $ 14,343 $ 10,400 $ 11,909

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