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Accounting Pronouncements Recently Adopted or Issued (Tables)
6 Months Ended
Jun. 30, 2023
Accounting Changes and Error Corrections [Abstract]  
Schedule of Selected Quarterly Financial Data (unaudited)

The following table presents select financial data for the first three quarters of 2022 as reported under the incurred loss method and as recast under CECL:

 

 

For the three month period ended

 

 

 

March 31, 2022

 

 

June 30, 2022

 

 

September 30, 2022

 

 

 

As Reported

 

 

Adjustment

 

 

Recast

 

 

As Reported

 

 

Adjustment

 

 

Recast

 

 

As Reported

 

 

Adjustment

 

 

Recast

 

Interest and dividend
  income

 

$

61,818

 

 

$

(405

)

 

$

61,413

 

 

$

66,546

 

 

$

133

 

 

$

66,679

 

 

$

79,903

 

 

$

(240

)

 

$

79,663

 

Interest expense

 

 

3,082

 

 

 

 

 

 

3,082

 

 

 

4,919

 

 

 

 

 

 

4,919

 

 

 

11,028

 

 

 

 

 

 

11,028

 

   Net interest income

 

 

58,736

 

 

 

(405

)

 

 

58,331

 

 

 

61,627

 

 

 

133

 

 

 

61,760

 

 

 

68,875

 

 

 

(240

)

 

 

68,635

 

Provision/(recapture) for
  credit losses

 

 

4,995

 

 

 

1,564

 

 

 

6,559

 

 

 

5,908

 

 

 

(1,622

)

 

 

4,286

 

 

 

4,176

 

 

 

3,032

 

 

 

7,208

 

   Net interest income after
      provision/(recapture)
      for credit losses

 

 

53,741

 

 

 

(1,969

)

 

 

51,772

 

 

 

55,719

 

 

 

1,755

 

 

 

57,474

 

 

 

64,699

 

 

 

(3,272

)

 

 

61,427

 

Non-interest income

 

 

19,426

 

 

 

117

 

 

 

19,543

 

 

 

14,161

 

 

 

112

 

 

 

14,273

 

 

 

11,992

 

 

 

51

 

 

 

12,043

 

Non-interest expense

 

 

44,555

 

 

 

(599

)

 

 

43,956

 

 

 

43,773

 

 

 

(188

)

 

 

43,585

 

 

 

46,178

 

 

 

(137

)

 

 

46,041

 

   Income before provision
     for income taxes

 

 

28,612

 

 

 

(1,253

)

 

 

27,359

 

 

 

26,107

 

 

 

2,055

 

 

 

28,162

 

 

 

30,513

 

 

 

(3,084

)

 

 

27,429

 

Provision for income taxes

 

 

6,301

 

 

 

(340

)

 

 

5,961

 

 

 

5,824

 

 

 

558

 

 

 

6,382

 

 

 

7,857

 

 

 

(837

)

 

 

7,020

 

Net income

 

 

22,311

 

 

 

(913

)

 

 

21,398

 

 

 

20,283

 

 

 

1,497

 

 

 

21,780

 

 

 

22,656

 

 

 

(2,247

)

 

 

20,409

 

Dividends on preferred
  shares

 

 

196

 

 

 

 

 

 

196

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common
  stockholders

 

$

22,115

 

 

$

(913

)

 

$

21,202

 

 

$

20,283

 

 

$

1,497

 

 

$

21,780

 

 

$

22,656

 

 

$

(2,247

)

 

$

20,409

 

Basic earnings per
  common share

 

$

0.60

 

 

$

(0.03

)

 

$

0.57

 

 

$

0.55

 

 

$

0.04

 

 

$

0.59

 

 

$

0.61

 

 

$

(0.06

)

 

$

0.55

 

Diluted earnings per
  common share

 

$

0.58

 

 

$

(0.02

)

 

$

0.56

 

 

$

0.54

 

 

$

0.04

 

 

$

0.58

 

 

$

0.61

 

 

$

(0.06

)

 

$

0.55