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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Interest and dividend income:        
Loans, including fees $ 91,707 $ 75,956 $ 260,868 $ 203,619
Investments:        
Taxable securities 18,657 16,864 55,746 40,862
Tax exempt securities 1,350 1,468 3,920 3,733
Dividends 333 258 935 833
Interest bearing cash at Federal Reserve and other banks 333 1,820 976 3,469
Total interest and dividend income 112,380 96,366 322,445 252,516
Interest expense:        
Deposits 17,379 992 33,981 2,519
Other borrowings 5,106 5 13,318 15
Junior subordinated debt 1,772 1,263 5,086 2,906
Total interest expense 24,257 2,260 52,385 5,440
Net interest income 88,123 94,106 270,060 247,076
Provision for credit losses 4,155 3,795 18,000 14,225
Net interest income after credit loss provision 83,968 90,311 252,060 232,851
Non-interest income:        
Service charges and fees 13,075 12,682 37,240 37,422
Gain on sale of loans 382 357 883 2,145
Loss on sale of investment securities 0 0 (164) 0
Asset management and commission income 1,141 1,020 3,233 2,946
Increase in cash value of life insurance 684 659 2,274 2,049
Other 702 922 1,894 2,604
Total non-interest income 15,984 15,640 45,360 47,166
Non-interest expense:        
Salaries and related benefits 34,463 33,528 101,740 96,495
Other 23,415 20,937 71,175 60,681
Total non-interest expense 57,878 54,465 172,915 157,176
Income before provision for income taxes 42,074 51,486 124,505 122,841
Provision for income taxes 11,484 14,148 33,190 33,765
Net income $ 30,590 $ 37,338 $ 91,315 $ 89,076
Per share data:        
Basic earnings per share (in USD per share) $ 0.92 $ 1.12 $ 2.75 $ 2.76
Diluted earnings per share (in USD per share) 0.92 1.12 2.74 2.74
Dividend per share (in USD per share) $ 0.30 $ 0.30 $ 0.90 $ 0.80