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Condensed Consolidated Statements of Income and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest income:        
Interest and fees on loans, including loans held for sale $ 55,822 $ 39,234 $ 107,769 $ 77,401
Interest and dividends on securities        
Taxable 6,811 4,944 13,569 9,328
Tax exempt 669 752 1,351 1,524
Interest and dividends on Federal Reserve Bank and Federal Home Loan Bank stock 172 134 346 248
Interest on Federal Reserve Bank deposits 1,289 273 2,639 355
Other, including interest on federal funds sold 64 15 148 23
Total interest income 64,827 45,352 125,822 88,879
Interest expense:        
Interest on deposits 18,462 3,847 32,853 6,801
Interest on repurchase agreements and federal funds purchased 2,190 336 3,806 590
Interest on advances from Federal Home Loan Bank 7 1 50 1
Interest on long-term debt 1,089 378 2,118 665
Total interest expense 21,748 4,562 38,827 8,057
Net interest income 43,079 40,790 86,995 80,822
Provision for credit losses 2,009 77 3,125 952
Net interest income after provision for credit losses 41,070 40,713 83,870 79,870
Noninterest income:        
Deposit related fees 7,513 7,263 14,800 14,009
Gains on sales of loans, net 115 519 236 1,116
Trust and wealth management income 3,351 3,198 6,430 6,446
Loan related fees 1,197 1,415 2,042 3,477
Bank owned life insurance 735 702 1,593 1,393
Brokerage revenue 388 459 736 1,049
Securities gains (losses) 165 (225) 383 (126)
Other noninterest income 1,292 1,170 2,218 2,102
Total noninterest income 14,756 14,501 28,438 29,466
Noninterest expense:        
Officer salaries and employee benefits 3,574 4,239 7,726 8,121
Other salaries and employee benefits 14,731 14,295 29,487 27,951
Occupancy, net 2,181 2,120 4,483 4,365
Equipment 714 636 1,440 1,245
Data processing 2,383 2,095 4,686 4,296
Bank franchise tax 419 416 838 831
Legal fees 381 348 649 649
Professional fees 531 536 1,079 1,102
Advertising and marketing 704 659 1,524 1,411
FDIC insurance 610 358 1,216 713
Other real estate owned provision and expense 61 43 180 396
Repossession expense 98 131 329 231
Amortization of limited partnership investments 598 747 1,195 1,480
Other noninterest expense 4,040 3,355 8,083 6,546
Total noninterest expense 31,025 29,978 62,915 59,337
Income before income taxes 24,801 25,236 49,393 49,999
Income taxes 5,397 4,965 10,676 10,000
Net income 19,404 20,271 38,717 39,999
Unrealized holding gains (losses) on debt securities available-for-sale:        
Unrealized holding gains (losses) arising during the period (11,828) (47,222) 12,888 (125,786)
Less: Reclassification adjustments for realized gains included in net income 0 (1) 4 (1)
Tax expense (benefit) (2,951) (12,277) 5,046 (32,704)
Other comprehensive income (loss), net of tax (8,877) (34,944) 7,838 (93,081)
Comprehensive income (loss) $ 10,527 $ (14,673) $ 46,555 $ (53,082)
Basic earnings per share (in dollars per share) $ 1.09 $ 1.14 $ 2.17 $ 2.24
Diluted earnings per share (in dollars per share) $ 1.08 $ 1.14 $ 2.16 $ 2.24
Weighted average shares outstanding-basic (in shares) 17,884 17,835 17,877 17,827
Weighted average shares outstanding-diluted (in shares) 17,890 17,843 17,885 17,838