Summary of Quarterly Results of Operations (unaudited) (Tables)

12 Months Ended

Dec. 31, 2022

Quarterly Financial Information Disclosure [Abstract]

The following tables set forth the results of operations for the four quarters of 2022 and 2021, and is unaudited; however, in the opinion of Management, it reflects all adjustments (which include only normal recurring adjustments) necessary to present fairly the summarized results for such periods.


	2022 Quarters Ended
(dollars in thousands, except per share data)	December 31,		September 30,		June 30,		March 31,
Interest and dividend income:
Loans:
Discount accretion	$	1,751	$	714	$	1,677	$	1,323
All other loan interest income	80,005		75,242		68,241		56,422
Total loan interest income	81,756		75,956		69,918		57,745
Debt securities, dividends and interest bearing cash at banks	21,233		20,410		17,037		11,450
Total interest income	102,989		96,366		86,955		69,195
Interest expense	4,089		2,260		1,909		1,271
Net interest income	98,900		94,106		85,046		67,924
Provision for credit losses	4,245		3,795		2,100		8,330
Net interest income after provision for credit losses	94,655		90,311		82,946		59,594
Noninterest income	15,880		15,640		16,430		15,096
Noninterest expense	59,469		54,465		56,264		46,447
Income before income taxes	51,066		51,486		43,112		28,243
Income tax expense	14,723		14,148		11,748		7,869
Net income	$	36,343	$	37,338	$	31,364	$	20,374
Per common share:
Net income (diluted)	$	1.09	$	1.12	$	0.93	$	0.67
Dividends	$	0.30	$	0.30	$	0.25	$	0.25


	2021 Quarters Ended
(dollars in thousands, except per share data)	December 31,		September 30,		June 30,		March 31,
Interest and dividend income:
Loans:
Discount accretion	$	1,780	$	2,034	$	2,566	$	1,712
All other loan interest income	59,024		58,691		57,738		58,724
Total loan interest income	60,804		60,725		60,304		60,436
Debt securities, dividends and interest bearing cash at banks	10,220		8,903		8,175		7,480
Total interest income	71,024		69,628		68,479		67,916
Interest expense	1,241		1,395		1,396		1,476
Net interest income	69,783		68,233		67,083		66,440
Provision for (benefit from reversal of) credit losses	980		(1,435)		(260)		(6,060)
Net interest income after provision for (benefit from) credit losses	68,803		69,668		67,343		72,500
Noninterest income	16,502		15,095		15,957		16,110
Noninterest expense	46,679		45,807		44,171		41,618
Income before income taxes	38,626		38,956		39,129		46,992
Income tax expense	10,404		11,534		10,767		13,343
Net income	$	28,222	$	27,422	$	28,362	$	33,649
Per common share:
Net income (diluted)	$	0.94	$	0.92	$	0.95	$	1.13
Dividends	$	0.25	$	0.25	$	0.25	$	0.25