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Condensed 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 and dividend income:        
Loans, including fees $ 69,918 $ 60,304 $ 127,663 $ 120,740
Investments:        
Taxable securities 14,036 6,934 23,998 13,111
Tax exempt securities 1,323 851 2,265 1,774
Dividends 314 255 575 472
Interest bearing cash at Federal Reserve and other banks 1,364 135 1,649 298
Total interest and dividend income 86,955 68,479 156,150 136,395
Interest expense:        
Deposits 848 828 1,527 1,765
Other borrowings 5 5 10 9
Junior subordinated debt 1,056 563 1,643 1,098
Total interest expense 1,909 1,396 3,180 2,872
Net interest income 85,046 67,083 152,970 133,523
Provision for (reversal of) credit losses 2,100 (260) 10,430 (6,320)
Net interest income after credit loss provision (reversal) 82,946 67,343 142,540 139,843
Non-interest income:        
Service charges and fees 13,044 10,930 24,740 21,406
Gain on sale of loans 542 2,847 1,788 6,094
Gain on sale of investment securities 0 0 0 0
Asset management and commission income 1,039 947 1,926 1,781
Increase in cash value of life insurance 752 745 1,390 1,418
Other 1,053 488 1,682 1,368
Total non-interest income 16,430 15,957 31,526 32,067
Non-interest expense:        
Salaries and related benefits 34,370 27,081 62,967 52,411
Other 21,894 17,090 39,744 33,378
Total non-interest expense 56,264 44,171 102,711 85,789
Income before provision for income taxes 43,112 39,129 71,355 86,121
Provision for income taxes 11,748 10,767 19,617 24,110
Net income $ 31,364 $ 28,362 $ 51,738 $ 62,011
Per share data:        
Basic earnings per share (in USD per share) $ 0.93 $ 0.95 $ 1.63 $ 2.09
Diluted earnings per share (in USD per share) 0.93 0.95 1.62 2.07
Dividend per share (in USD per share) $ 0.25 $ 0.25 $ 0.50 $ 0.50