Non-interest Income and Expense (Tables)

9 Months Ended

Sep. 30, 2022

Other Income and Expenses [Abstract]

Components of Non-Interest Income

The following table summarizes the Company’s non-interest income for the periods indicated:

	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2022		2021		2022		2021
ATM and interchange fees	$	6,714	$	6,516	$	19,941	$	18,935
Service charges on deposit accounts	4,436		3,608		12,433		10,339
Other service fees	1,022		897		3,183		2,682
Mortgage banking service fees	477		476		1,422		1,406
Change in value of mortgage servicing rights	33		(232)		443		(691)
Total service charges and fees	12,682		11,265		37,422		32,671
Increase in cash value of life insurance	659		644		2,049		2,062
Asset management and commission income	1,020		957		2,946		2,738
Gain on sale of loans	357		1,814		2,145		7,908
Lease brokerage income	252		183		648		542
Sale of customer checks	326		107		871		342
Gain on sale of investment securities	—		—		—		—
Loss on marketable equity securities	(115)		(14)		(346)		(59)
Other	459		139		1,431		958
Total other non-interest income	2,958		3,830		9,744		14,491
Total non-interest income	$	15,640	$	15,095	$	47,166	$	47,162

Components of Non Interest Expense

The components of non-interest expense were as follows:

	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2022		2021		2022		2021
Base salaries, net of deferred loan origination costs	$	22,377	$	17,673	$	62,762	$	50,721
Incentive compensation	4,832		3,123		11,697		11,025
Benefits and other compensation costs	6,319		5,478		18,782		16,939
Total salaries and benefits expense	33,528		26,274		93,241		78,685
Occupancy	3,965		3,771		11,536		11,197
Data processing and software	3,449		3,689		10,558		10,092
Equipment	1,422		1,336		4,208		4,060
Intangible amortization	1,702		1,409		4,632		4,271
Advertising	990		966		2,445		2,080
ATM and POS network charges	1,694		1,692		4,850		4,489
Professional fees	1,172		1,090		3,281		2,730
Telecommunications	575		574		1,660		1,719
Regulatory assessments and insurance	828		673		2,327		1,903
Merger and acquisition expense	—		651		6,253		651
Postage	287		156		828		478
Operational losses	492		244		765		665
Courier service	497		286		1,397		868
Gain on sale or acquisition of foreclosed assets	(148)		(144)		(246)		(210)
Loss (gain) on disposal of fixed assets	4		(19)		(1,069)		(445)
Other miscellaneous expense	4,008		3,159		10,510		8,363
Total other non-interest expense	20,937		19,533		63,935		52,911
Total non-interest expense	$	54,465	$	45,807	$	157,176	$	131,596