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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Fee Revenue and Other Income:    
Fee revenues $ 31,036 $ 29,997
Other 1,335 862
Total fee revenue and other income 32,107 30,430
Interest Income:    
Interest and fees on loans 12,235 8,777
Interest and dividends on securities:    
Taxable 3,586 1,456
Exempt from federal income taxes 1,208 1,677
Interest on federal funds sold and other short-term investments 3,113 216
Total interest income 20,142 12,126
Interest Expense:    
Interest on deposits 3,171 223
Interest on short-term borrowings 73 0
Total interest expense 3,244 223
Net interest income 16,898 11,903
(Release of) provision for credit losses (340) 230
Net interest income after (release of) provision for credit losses 17,238 11,673
Total net revenue 49,345 42,103
Operating Expense:    
Personnel 30,026 24,718
Occupancy 855 915
Equipment 2,082 1,711
Amortization of intangible assets 195 135
Other operating expense 7,214 4,349
Total operating expense 40,372 31,828
Income before income tax expense 8,973 10,275
Income tax expense 1,856 2,017
Net income $ 7,117 $ 8,258
Basic earnings per share (in dollars per share) $ 0.52 $ 0.61
Diluted earnings per share (in dollars per share) $ 0.51 $ 0.60
Processing fees    
Fee Revenue and Other Income:    
Fee revenues $ 19,513 $ 19,036
Financial fees    
Fee Revenue and Other Income:    
Fee revenues $ 11,259 $ 10,532