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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income:      
Loans, including fees $ 177,628 $ 153,010 $ 139,244
Securities, taxable 27,351 20,666 8,678
Securities, exempt from Federal tax 945 1,084 1,576
Other investments, interest-bearing deposits in other financial institutions and Federal funds sold 28,374 14,068 3,758
Total interest income 234,298 188,828 153,256
Interest expense:      
Deposits 47,557 6,770 4,816
Short-term borrowings 1,365   1
Subordinated debt 2,152 2,178 2,314
Total interest expense 51,074 8,948 7,131
Net interest income before provision for credit losses on loans 183,224 179,880 146,125
Provision for (recapture of) credit losses on loans 749 766 (3,134)
Net interest income after provision for credit losses on loans 182,475 179,114 149,259
Noninterest income:      
Service charges and fees on deposit accounts $ 4,341 $ 4,640 $ 2,488
Revenue, Product and Service [Extensible List] Service charges and fees on deposit accounts Service charges and fees on deposit accounts Service charges and fees on deposit accounts
Increase in cash surrender value of life insurance $ 2,031 $ 1,925 $ 1,838
Gain on sales of SBA loans 482 491 1,718
Servicing income 400 508 553
Termination fees 154 61 797
Gain on proceeds from company owned life insurance 125 27 675
Gain on warrants   669 11
Other 1,465 1,790 1,608
Total noninterest income 8,998 10,111 9,688
Noninterest expense:      
Salaries and employee benefits 56,862 55,331 51,862
Occupancy and equipment 9,490 9,639 9,038
Professional fees 4,350 5,015 5,901
Other 30,352 24,874 26,276
Total noninterest expense 101,054 94,859 93,077
Income before income taxes 90,419 94,366 65,870
Income tax expense 25,976 27,811 18,170
Net income $ 64,443 $ 66,555 $ 47,700
Earnings per common share:      
Basic (in dollars per share) $ 1.06 $ 1.10 $ 0.79
Diluted (in dollars per share) $ 1.05 $ 1.09 $ 0.79