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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest Income:        
Loans and leases, including fees $ 31,530 $ 28,323 $ 61,172 $ 56,341
Securities available-for-sale:        
Taxable 2,908 916 5,327 1,640
Tax-exempt 441 304 809 563
Federal funds sold and other earning assets 1,430 309 1,916 600
Total interest income 36,309 29,852 69,224 59,144
Interest Expense:        
Deposits 2,504 2,248 4,518 4,579
Borrowings 117 123 274 241
Subordinated debt 626 584 1,252 1,167
Total interest expense 3,247 2,955 6,044 5,987
Net interest income 33,062 26,897 63,180 53,157
Provision for loan and lease losses 1,250 (5) 2,256 62
Net interest income after provision for loan losses 31,812 26,902 60,924 53,095
Noninterest Income:        
Service charges on deposit accounts 1,446 1,048 2,765 2,057
Mortgage banking 471 1,105 1,305 2,244
Investment services 1,065 567 2,135 1,098
Insurance commissions 598 557 1,499 2,023
Interchange and debit card transaction fees, net 1,467 922 2,751 1,761
Other 2,182 944 3,885 1,652
Total noninterest income 7,229 5,143 14,340 10,835
Noninterest Expense:        
Salaries and employee benefits 15,673 12,203 30,719 23,072
Occupancy and equipment 2,793 2,294 5,852 4,635
FDIC insurance 676 371 1,317 741
Other real estate and loan related expenses 636 506 1,365 1,108
Advertising and marketing 327 230 697 419
Data processing and technology 1,728 1,509 3,314 2,889
Professional services 745 849 1,987 1,490
Amortization of intangibles 633 441 1,270 886
Merger related and restructuring expenses 81 372 520 475
Other 2,634 2,022 4,602 4,547
Total noninterest expenses 25,926 20,797 51,643 40,262
Income before income tax expense 13,115 11,248 23,621 23,668
Income tax expense 2,900 2,470 5,146 5,134
Net income $ 10,215 $ 8,778 $ 18,475 $ 18,534
Earnings per common share:        
Basic (in dollars per share) $ 0.61 $ 0.59 $ 1.11 $ 1.24
Diluted (in dollars per share) $ 0.61 $ 0.58 $ 1.10 $ 1.23
Weighted average common shares outstanding:        
Basic (in shares) 16,734,930 15,003,657 16,726,696 15,007,593
Diluted (in shares) 16,867,774 15,126,184 16,863,299 15,118,924