Non-interest Income and Expense (Tables)

9 Months Ended

Sep. 30, 2023

Other Income and Expenses [Abstract]

Summary of 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)	2023		2022		2023		2022
ATM and interchange fees	$	6,728	$	6,714	$	19,928	$	19,941
Service charges on deposit accounts	4,851		4,436		12,863		12,433
Other service fees	1,142		1,022		3,300		3,183
Mortgage banking service fees	445		477		1,364		1,422
Change in value of mortgage servicing rights	(91)		33		(215)		443
Total service charges and fees	13,075		12,682		37,240		37,422
Increase in cash value of life insurance	684		659		2,274		2,049
Asset management and commission income	1,141		1,020		3,233		2,946
Gain on sale of loans	382		357		883		2,145
Lease brokerage income	160		252		332		648
Sale of customer checks	396		326		1,091		871
Loss on sale of investment securities	—		—		(164)		—
Loss on marketable equity securities	(81)		(115)		(81)		(346)
Other	227		459		552		1,431
Total other non-interest income	2,909		2,958		8,120		9,744
Total non-interest income	$	15,984	$	15,640	$	45,360	$	47,166

Summary of 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)	2023		2022		2023		2022
Base salaries, net of deferred loan origination costs	$	23,616	$	22,377	$	70,675	$	62,762
Incentive compensation	4,391		4,832		11,663		11,697
Benefits and other compensation costs	6,456		6,319		19,402		18,782
Total salaries and benefits expense	34,463		33,528		101,740		93,241
Occupancy	3,948		3,965		12,099		11,536
Data processing and software	5,246		3,449		13,916		10,558
Equipment	1,503		1,422		4,322		4,208
Intangible amortization	1,590		1,702		4,902		4,632
Advertising	881		990		2,656		2,445
ATM and POS network charges	1,606		1,694		5,217		4,850
Professional fees	1,752		1,172		5,326		3,281
Telecommunications	567		575		1,971		1,660
Regulatory assessments and insurance	1,194		828		3,979		2,327
Merger and acquisition expense	—		—		—		6,253
Postage	306		287		916		828
Operational losses	474		492		1,999		765
Courier service	492		497		1,314		1,397
Gain on sale or acquisition of foreclosed assets	(152)		(148)		(152)		(246)
Gain on disposal of fixed assets	4		4		22		(1,069)
Other miscellaneous expense	4,004		4,008		12,688		10,510
Total other non-interest expense	23,415		20,937		71,175		63,935
Total non-interest expense	$	57,878	$	54,465	$	172,915	$	157,176