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Condensed Consolidated Statements of Income (unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income:    
Interest and fees on loans $ 56,236,000 $ 39,908,000
Interest on investment securities 7,127,000 7,170,000
Interest on certificates of deposit investments 14,000 12,000
Interest on federal funds sold 85,000  
Interest on deposits with other financial institutions 209,000 55,000
Total interest income 63,671,000 47,145,000
Interest expense:    
Interest on deposits 12,767,000 2,148,000
Interest on securities sold under agreements to repurchase 1,463,000 67,000
Interest on FHLB borrowings 4,874,000 276,000
Interest on other borrowings 9,000  
Interest on junior subordinated debentures 379,000 146,000
Interest on subordinated debentures 988,000 986,000
Total interest expense 20,480,000 3,623,000
Net interest income 43,191,000 43,522,000
Provision for credit losses (817,000) 2,952,000
Net interest income after provision for credit losses 44,008,000 40,570,000
Other income:    
Wealth management revenues 5,514,000 5,975,000
Insurance commissions 8,480,000 7,104,000
Service charges 2,203,000 2,056,000
Securities losses, net (46,000) 0
Mortgage banking revenue, net 150,000 444,000
ATM / debit card revenue 3,083,000 2,898,000
Bank owned life insurance 1,641,000 844,000
Other 1,454,000 1,767,000
Total other income 22,479,000 21,088,000
Other expense:    
Salaries and employee benefits 26,071,000 24,302,000
Net occupancy and equipment expense 6,005,000 6,155,000
Net other real estate owned expense 133,000 33,000
FDIC insurance 463,000 426,000
Amortization of intangible assets 1,522,000 1,522,000
Stationery and supplies 292,000 311,000
Legal and professional 1,690,000 1,734,000
ATM / debit card 1,223,000 1,078,000
Marketing and donations 654,000 873,000
Other 3,524,000 4,020,000
Total other expense 41,577,000 40,388,000
Income before income taxes 24,910,000 21,270,000
Income taxes 5,730,000 4,654,000
Net income $ 19,180,000 $ 16,616,000
Per share data:    
Basic net income per common share $ 0.94 $ 0.86
Diluted net income per common share 0.93 0.86
Cash dividends declared per common share $ 0.230 $ 0.220