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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Fee Revenue and Other Income:      
Fee revenues $ 126,614,000 $ 121,657,000 $ 108,691,000
Other 4,916,000 4,755,000 2,369,000
Total fee revenue and other income 130,467,000 124,982,000 109,691,000
Interest Income:      
Interest and fees on loans 50,825,000 39,460,000 35,178,000
Interest and dividends on securities:      
Taxable 14,118,000 10,083,000 2,547,000
Exempt from federal income taxes 4,097,000 6,354,000 7,046,000
Interest on federal funds sold and other short-term investments 13,720,000 6,429,000 726,000
Total interest income 82,760,000 62,326,000 45,497,000
Interest Expense:      
Interest on deposits 16,150,000 3,482,000 1,171,000
Interest on short-term borrowings 116,000 0 0
Total interest expense 16,266,000 3,482,000 1,171,000
Net interest income 66,494,000 58,844,000 44,326,000
(Release of) provision for credit losses (550,000) 1,350,000 (130,000)
Net interest income after (release of) provision for credit losses 67,044,000 57,494,000 44,456,000
Total net revenue 197,511,000 182,476,000 154,147,000
Operating Expense:      
Personnel 118,694,000 106,474,000 92,155,000
Occupancy 3,560,000 3,676,000 3,824,000
Equipment 7,138,000 6,668,000 6,745,000
Amortization of intangible assets 780,000 680,000 859,000
Other operating 29,983,000 22,078,000 16,743,000
Total operating expense 160,155,000 139,576,000 120,326,000
Income before income tax expense 37,356,000 42,900,000 33,821,000
Income tax expense 7,297,000 7,996,000 5,217,000
Net income $ 30,059,000 $ 34,904,000 $ 28,604,000
Basic Earnings Per Share (in dollars per share) $ 2.22 $ 2.58 $ 2.03
Diluted Earnings Per Share (in dollars per share) $ 2.18 $ 2.53 $ 2.00
Information Services      
Fee Revenue and Other Income:      
Fee revenues $ 125,551,000 $ 120,227,000 $ 107,322,000
Processing fees      
Fee Revenue and Other Income:      
Fee revenues 79,566,000 76,470,000 74,589,000
Financial fees      
Fee Revenue and Other Income:      
Fee revenues $ 45,985,000 $ 43,757,000 $ 32,733,000