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Non-interest Income and Expense (Tables)
3 Months Ended
Mar. 31, 2023
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
March 31,
(in thousands)20232022
ATM and interchange fees$6,344 $6,243 
Service charges on deposit accounts3,431 3,834 
Other service fees1,166 882 
Mortgage banking service fees465 463 
Change in value of mortgage servicing rights(209)274 
Total service charges and fees11,197 11,696 
Increase in cash value of life insurance802 638 
Asset management and commission income934 887 
Gain on sale of loans206 1,246 
Lease brokerage income98 158 
Sale of customer checks288 104 
Loss on sale of investment securities(164)— 
Gain (loss) on marketable equity securities42 (137)
Other232 504 
Total other non-interest income2,438 3,400 
Total non-interest income$13,635 $15,096 
Components of Non Interest Expense The components of non-interest expense were as follows:
Three months ended
March 31,
(in thousands)20232022
Base salaries, net of deferred loan origination costs$23,000 $18,216 
Incentive compensation2,895 2,583 
Benefits and other compensation costs6,668 5,972 
Total salaries and benefits expense32,563 26,771 
Occupancy4,160 3,575 
Data processing and software4,032 3,513 
Equipment1,383 1,333 
Intangible amortization1,656 1,228 
Advertising759 637 
ATM and POS network charges1,709 1,375 
Professional fees1,589 876 
Telecommunications595 521 
Regulatory assessments and insurance792 720 
Merger and acquisition expense— 4,032 
Postage299 228 
Operational (gain) losses435 (183)
Courier service339 414 
Gain on disposal of fixed assets— (1,078)
Other miscellaneous expense3,483 2,485 
Total other non-interest expense21,231 19,676 
Total non-interest expense$53,794 $46,447