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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest and dividend income      
Loans, including fees $ 231,851 $ 164,528 $ 136,497
Securities      
Taxable 15,432 5,649 3,208
Tax-exempt 203 189  
Money market funds     34
Overnight deposits 12,314 2,310 2,546
Other interest and dividends 939 608 812
Total interest income 260,739 173,284 143,097
Interest expense      
Deposits 29,284 14,241 14,244
Borrowed funds 893   1,742
Trust preferred securities 799 424 572
Subordinated debt 605 1,618 1,618
Total interest expense 31,581 16,283 18,176
Net interest income 229,158 157,001 124,921
Provision for loan losses 10,116 3,816 9,488
Net interest income after provision for loan losses 219,042 153,185 115,433
Non-interest income      
Non-interest income 26,851 23,150 13,669
Other income 1,505 2,497 4,811
Total non-interest income 26,593 23,697 17,003
Non-interest expense      
Compensation and benefits 57,290 45,908 39,797
Bank premises and equipment 8,855 8,055 8,340
Professional fees 14,423 6,750 4,122
Technology costs 4,713 5,201 3,387
Licensing fees 10,477 8,606 9,653
FDIC assessments 4,625 3,852 2,041
Regulatory settlement reserve 35,000    
Other expenses 13,354 8,940 7,178
Total non-interest expense 148,737 87,312 74,518
Net income before income tax expense 96,898 89,570 57,918
Income tax (expense) benefit 37,473 29,015 18,452
Net income $ 59,425 $ 60,555 $ 39,466
Earnings per common share      
Basic earnings (loss) per common share (in dollars per share) $ 5.42 $ 6.64 $ 4.76
Diluted earnings (loss) per common share (in dollars per share) $ 5.29 $ 6.45 $ 4.66
Service charges on deposit accounts      
Non-interest income      
Non-interest income $ 5,747 $ 4,755 $ 3,728
Revenue, Product and Service [Extensible List] Service charges on deposit accounts Service charges on deposit accounts Service charges on deposit accounts
Global payments revenue      
Non-interest income      
Non-interest income $ 19,341 $ 16,445 $ 8,464
Revenue, Product and Service [Extensible List] Global payments revenue Global payments revenue Global payments revenue
Other service charges and fees      
Non-interest income      
Non-interest income $ 1,763 $ 1,950 $ 1,477