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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 $ 114,233 $ 91,599 $ 93,133
Investment securities 1,990 1,335 1,415
Federal funds sold and interest-bearing deposits with banks 1,439 233 270
Total interest income 117,662 93,167 94,818
Interest expense      
Deposits 18,102 3,909 13,055
Borrowings 1,939 1,526 1,953
Total interest expense 20,041 5,435 15,008
Net interest income 97,621 87,732 79,810
Provision for (reversal of) credit losses 6,155 (12,400) 29,600
Net interest income after provision for credit losses 91,466 100,132 50,210
Noninterest income      
Mortgage banking income 4,198 11,376 19,785
Service fees on deposit accounts 782 757 860
ATM and debit card income 2,225 2,092 1,741
Income from bank owned life insurance 1,289 1,231 1,091
Net lender fees on PPP loan sale 268 2,247
Other income 1,086 1,377 1,629
Total noninterest income 9,580 17,101 27,353
Noninterest expenses      
Compensation and benefits 38,790 36,103 34,681
Occupancy 9,105 6,956 6,232
Other real estate owned expenses, net 385 1,223
Outside service and data processing costs 6,112 5,468 4,860
Insurance 1,686 1,149 1,380
Professional fees 2,635 2,589 2,275
Marketing 1,216 905 690
Other 3,389 2,875 2,403
Total noninterest expenses 62,933 56,430 53,744
Income before income tax expense 38,113 60,803 23,819
Income tax expense 8,998 14,092 5,491
Net income available to common shareholders $ 29,115 $ 46,711 $ 18,328
Earnings per common share      
Basic (in Dollars per share) $ 3.66 $ 5.96 $ 2.37
Diluted (in Dollars per share) $ 3.61 $ 5.85 $ 2.34
Weighted average common shares outstanding      
Basic (in Shares) 7,958,294 7,843,692 7,718,615
Diluted (in Shares) 8,071,690 7,988,980 7,824,214