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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest Income:      
Loans and leases, including fees $ 136,381 $ 118,582 $ 112,312
Securities available-for-sale:      
Taxable 11,799 3,813 2,423
Tax-exempt 2,166 1,215 1,369
Federal funds sold and other earning assets 8,488 1,622 1,509
Total interest income 158,834 125,232 117,613
Interest Expense:      
Deposits 18,228 8,849 13,597
Borrowings 602 540 816
Subordinated debt 2,503 2,449 2,334
Total interest expense 21,333 11,838 16,747
Net interest income 137,501 113,394 100,866
Provision for loan and lease losses 4,018 1,633 8,683
Net interest income after provision for loan losses 133,483 111,761 92,183
Noninterest Income:      
Service charges on deposit accounts 5,853 4,650 3,403
Gain on sale of securities 144 45 6
Mortgage banking 1,552 4,040 3,875
Investment services 4,144 2,167 1,566
Insurance commissions 3,595 3,285 1,850
Interchange and debit card transaction fees, net 5,435 4,284 2,413
Other 6,992 5,478 2,313
Total noninterest income 27,715 23,949 15,426
Noninterest Expense:      
Salaries and employee benefits 63,420 51,656 42,911
Occupancy and equipment 12,034 10,196 8,348
FDIC insurance 2,672 1,833 1,190
Other real estate and loan related expenses 2,446 2,098 2,050
Advertising and marketing 1,293 830 834
Data processing and technology 7,283 6,364 4,476
Professional services 3,790 3,147 2,958
Amortization of intangibles 2,607 2,256 1,740
Merger related and restructuring expenses 562 3,701 4,565
Other 10,183 9,310 7,647
Total noninterest expenses 106,290 91,391 76,719
Income before income tax expense 54,908 44,319 30,890
Income tax expense 11,886 9,529 6,558
Net income $ 43,022 $ 34,790 $ 24,332
Earnings per common share:      
Basic (in dollars per share) $ 2.57 $ 2.23 $ 1.63
Diluted (in dollars per share) $ 2.55 $ 2.22 $ 1.62
Weighted average common shares outstanding:      
Basic (in shares) 16,740,450 15,572,537 14,955,423
Diluted (in shares) 16,871,369 15,699,215 15,019,175