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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Fee Revenue and Other Income:        
Fee revenues $ 30,505 $ 27,408 $ 90,732 $ 79,995
Other 1,568 492 3,275 1,735
Total fee revenue and other income 31,784 27,577 92,865 80,739
Interest Income:        
Interest and fees on loans 10,006 8,987 27,890 26,270
Interest and dividends on securities:        
Taxable 2,947 731 6,679 1,387
Exempt from federal income taxes 1,551 1,760 4,867 5,331
Interest on federal funds sold and other short-term investments 2,249 241 3,423 515
Total interest income 16,753 11,719 42,859 33,503
Interest Expense:        
Interest on deposits 782 287 1,344 915
Total interest expense 782 287 1,344 915
Net interest income 15,971 11,432 41,515 32,588
Provision for (release of) credit losses 550 340 850 (870)
Net interest income after provision for (release of) credit losses 15,421 11,092 40,665 33,458
Total net revenue 47,205 38,669 133,530 114,197
Operating Expense:        
Personnel 26,999 23,283 77,750 68,689
Occupancy 970 953 2,801 2,859
Equipment 1,633 1,700 5,004 5,028
Amortization of intangible assets 195 215 485 644
Other operating expense 6,524 4,539 15,748 11,798
Total operating expense 36,321 30,690 101,788 89,018
Income before income tax expense 10,884 7,979 31,742 25,179
Income tax expense 2,085 1,174 6,123 4,277
Net income $ 8,799 $ 6,805 $ 25,619 $ 20,902
Basic earnings per share (in dollars per share) $ 0.65 $ 0.48 $ 1.89 $ 1.47
Diluted earnings per share (in dollars per share) $ 0.64 $ 0.48 $ 1.86 $ 1.45
Processing fees        
Fee Revenue and Other Income:        
Fee revenues $ 18,964 $ 18,461 $ 57,184 $ 55,882
Financial fees        
Fee Revenue and Other Income:        
Fee revenues $ 11,252 $ 8,624 $ 32,406 $ 23,122