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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Fee Revenue and Other Income:        
Fee revenues $ 30,373 $ 26,878 $ 60,370 $ 52,588
Other 702 439 1,564 1,242
Total fee revenue and other income 30,651 26,987 61,081 53,162
Interest Income:        
Interest and fees on loans 9,107 8,696 17,884 17,283
Interest and dividends on securities:        
Taxable 2,276 458 3,732 656
Exempt from federal income taxes 1,639 1,832 3,316 3,571
Interest on federal funds sold and other short-term investments 958 122 1,174 274
Total interest income 13,980 11,108 26,106 21,784
Interest Expense:        
Interest on deposits 339 297 562 628
Total interest expense 339 297 562 628
Net interest income 13,641 10,811 25,544 21,156
Provision for (release of) credit losses 70 (610) 300 (1,210)
Net interest income after provision for (release of) credit losses 13,571 11,421 25,244 22,366
Total net revenue 44,222 38,408 86,325 75,528
Operating Expense:        
Personnel 26,033 22,880 50,751 45,406
Occupancy 916 959 1,831 1,906
Equipment 1,660 1,653 3,371 3,328
Amortization of intangible assets 155 214 290 429
Other operating expense 4,875 4,097 9,224 7,259
Total operating expense 33,639 29,803 65,467 58,328
Income before income tax expense 10,583 8,605 20,858 17,200
Income tax expense 2,021 1,579 4,038 3,103
Net income $ 8,562 $ 7,026 $ 16,820 $ 14,097
Basic earnings per share (in dollars per share) $ 0.63 $ 0.49 $ 1.24 $ 0.99
Diluted earnings per share (in dollars per share) $ 0.62 $ 0.48 $ 1.22 $ 0.97
Processing fees        
Fee Revenue and Other Income:        
Fee revenues $ 19,326 $ 19,048 $ 38,362 $ 37,423
Financial fees        
Fee Revenue and Other Income:        
Fee revenues $ 10,623 $ 7,500 $ 21,155 $ 14,497