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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, including loan fees $ 52,954 $ 35,111 $ 104,253 $ 68,973
Investment securities:        
Taxable 5,135 2,060 10,262 3,874
Tax-exempt 647 520 1,322 1,065
Other interest income 790 616 1,607 1,271
Total interest income 59,526 38,307 117,444 75,183
Interest expense:        
Deposits 2,410 2,433 4,602 5,355
Short-term borrowings 28 0 28 0
Long-term borrowings 2,004 303 3,935 616
Total interest expense 4,442 2,736 8,565 5,971
Net interest income 55,084 35,571 108,879 69,212
Provision for credit losses 750 0 1,050 500
Net interest income after provision for credit losses 54,334 35,571 107,829 68,712
Noninterest income:        
Mortgage income, net 2,205 5,599 5,458 12,829
BOLI income 768 559 1,701 1,086
Asset gains (losses), net 1,603 4,192 2,916 4,903
Other income 77 1,529 764 2,601
Total noninterest income 14,131 20,178 30,074 37,304
Noninterest expense:        
Personnel 19,681 17,084 40,872 32,200
Occupancy, equipment and office 6,891 4,053 13,835 8,190
Business development and marketing 2,057 1,210 3,888 2,199
Data processing 3,596 2,811 6,983 5,469
Intangibles amortization 1,347 790 2,771 1,642
FDIC assessments 480 480 960 1,075
Merger-related expense 555 656 653 656
Other expense 1,931 3,663 4,126 5,397
Total noninterest expense 36,538 30,747 74,088 56,828
Income before income tax expense 31,927 25,002 63,815 49,188
Income tax expense 7,942 6,718 15,666 12,665
Net income $ 23,985 $ 18,284 $ 48,149 $ 36,523
Earnings per common share:        
Basic (in dollars per share) $ 1.79 $ 1.85 $ 3.56 $ 3.67
Diluted (in dollars per share) $ 1.73 $ 1.77 $ 3.43 $ 3.52
Weighted average common shares outstanding:        
Basic (in shares) 13,402,455 9,901,614 13,524,919 9,949,359
Diluted (in shares) 13,852,179 10,325,699 14,035,086 10,364,629
Trust services fee income        
Noninterest income:        
Fees and commissions $ 2,004 $ 1,906 $ 4,015 $ 3,681
Brokerage fee income        
Noninterest income:        
Fees and commissions 2,988 2,991 6,676 5,784
Service charges on deposit accounts        
Noninterest income:        
Fees and commissions 1,536 1,136 3,013 2,227
Card interchange income        
Noninterest income:        
Fees and commissions $ 2,950 $ 2,266 $ 5,531 $ 4,193