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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest and dividend income:    
Loans, including fees $ 82,415 $ 57,745
Investments:    
Taxable securities 18,622 9,962
Tax exempt securities 1,307 942
Dividends 304 261
Interest bearing cash at Federal Reserve and other banks 259 285
Total interest and dividend income 102,907 69,195
Interest expense:    
Deposits 5,145 678
Other borrowings 2,809 5
Junior subordinated debt 1,617 588
Total interest expense 9,571 1,271
Net interest income 93,336 67,924
Provision for credit losses 4,195 8,330
Net interest income after credit loss provision 89,141 59,594
Non-interest income:    
Service charges and fees 11,197 11,696
Gain on sale of loans 206 1,246
Loss on sale of investment securities (164) 0
Asset management and commission income 934 887
Increase in cash value of life insurance 802 638
Other 660 629
Total non-interest income 13,635 15,096
Non-interest expense:    
Salaries and related benefits 32,563 28,597
Other 21,231 17,850
Total non-interest expense 53,794 46,447
Income before provision for income taxes 48,982 28,243
Provision for income taxes 13,149 7,869
Net income $ 35,833 $ 20,374
Per share data:    
Basic earnings per share (in USD per share) $ 1.08 $ 0.68
Diluted earnings per share (in USD per share) 1.07 0.67
Dividend per share (in USD per share) $ 0.30 $ 0.25