Non-interest Income and Expense (Tables)

3 Months Ended

Mar. 31, 2024

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)	2024		2023
ATM and interchange fees	$	6,169	$	6,344
Service charges on deposit accounts	4,663		3,431
Other service fees	1,366		1,166
Mortgage banking service fees	428		465
Change in value of mortgage servicing rights	11		(209)
Total service charges and fees	12,637		11,197
Increase in cash value of life insurance	803		802
Asset management and commission income	1,128		934
Gain on sale of loans	261		206
Lease brokerage income	161		98
Sale of customer checks	312		288
Loss on sale of investment securities	—		(164)
(Loss) gain on marketable equity securities	(28)		42
Other	497		232
Total other non-interest income	3,134		2,438
Total non-interest income	$	15,771	$	13,635

Components of Non Interest Expense

The components of non-interest expense were as follows:

	Three months ended March 31,
(in thousands)	2024		2023
Base salaries, net of deferred loan origination costs	$	24,020	$	23,000
Incentive compensation	3,257		2,895
Benefits and other compensation costs	7,027		6,668
Total salaries and benefits expense	34,304		32,563
Occupancy	3,951		4,160
Data processing and software	5,107		4,032
Equipment	1,356		1,383
Intangible amortization	1,030		1,656
Advertising	762		759
ATM and POS network charges	1,661		1,709
Professional fees	1,340		1,589
Telecommunications	511		595
Regulatory assessments and insurance	1,251		792
Postage	308		299
Operational losses	352		435
Courier service	480		339
(Gain) on sale or acquisition of foreclosed assets	(38)		—
Gain on disposal of fixed assets	5		—
Other miscellaneous expense	4,124		3,483
Total other non-interest expense	22,200		21,231
Total non-interest expense	$	56,504	$	53,794