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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest Income        
Interest and fees on loans $ 37,092 $ 30,132 $ 96,964 $ 86,328
Interest on securities        
Taxable 5,329 3,922 14,831 10,374
Tax-exempt 2,284 1,597 5,584 4,525
Other investments 220 204 651 629
Total Interest Income 44,925 35,855 118,030 101,856
Interest Expense        
Deposits 3,625 1,090 5,608 3,488
Other borrowings and subordinated debt and debentures 1,403 962 3,463 2,888
Total Interest Expense 5,028 2,052 9,071 6,376
Net Interest Income 39,897 33,803 108,959 95,480
Provision for credit losses 3,145 (659) 3,951 (2,558)
Net Interest Income After Provision for Credit Losses 36,752 34,462 105,008 98,038
Non-interest Income        
Interchange income 4,049 4,237 10,553 10,739
Service charges on deposit accounts 3,082 2,944 9,135 7,178
Net gains (losses) on assets        
Mortgage loans 2,857 8,361 4,945 30,280
Securities available for sale 0 5 (275) 1,421
Mortgage loan servicing, net 4,283 1,271 18,086 4,476
Other 2,590 2,877 7,997 6,778
Total Non-interest Income 16,861 19,695 50,441 60,872
Non-interest Expense        
Compensation and employee benefits 20,601 21,659 60,613 60,064
Data processing 2,653 3,022 7,513 7,972
Occupancy, net 2,062 2,082 6,682 6,578
Interchange expense 927 1,202 3,200 3,351
Furniture, fixtures and equipment 987 1,075 3,074 3,112
Communications 723 683 2,242 2,341
Loan and collection 772 735 1,978 2,353
Advertising 345 666 1,585 1,319
FDIC deposit insurance 591 346 1,570 983
Legal and professional 573 513 1,545 1,534
Costs related to unfunded lending commitments 382 369 676 363
Conversion related expenses 0 275 50 1,636
Other 1,750 1,885 5,522 5,463
Total Non-interest Expense 32,366 34,512 96,250 97,069
Income Before Income Tax 21,247 19,645 59,199 61,841
Income tax expense 3,950 3,683 10,934 11,454
Net Income $ 17,297 $ 15,962 $ 48,265 $ 50,387
Net Income Per Common Share        
Basic (in dollars per share) $ 0.82 $ 0.74 $ 2.29 $ 2.32
Diluted (in dollars per share) $ 0.81 $ 0.73 $ 2.27 $ 2.30