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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income    
Interest and fees on loans $ 106,903 $ 76,025
Interest and dividends on investment securities:    
Taxable 4,229 1,873
Tax-exempt 1,092 709
Dividends 898 214
Interest on federal funds sold and other short-term investments 2,975 120
Total interest income 116,097 78,941
Interest expense    
Deposits 40,087 5,010
Borrowings 8,926 3,573
Total interest expense 49,013 8,583
Net interest income 67,084 70,358
Provision for credit losses 1,000 1,450
Net interest income after provision for credit losses 66,084 68,908
Noninterest income    
Deposit, loan and other income 1,403 1,743
Income on bank owned life insurance 1,531 1,206
Net gains on sale of loans held-for-sale 49 701
Net losses on equity securities (191) (596)
Total noninterest income 2,792 3,054
Noninterest expenses    
Salaries and employee benefits 22,261 18,783
Occupancy and equipment 2,761 1,929
FDIC insurance 950 606
Professional and consulting 2,194 1,792
Marketing and advertising 532 351
Information technology and communications 3,061 2,866
Amortization of intangibles 372 433
Other components of net periodic pension expense (25) (143)
Increase in value of acquisition price 0 683
Other expenses 2,764 1,930
Total noninterest expenses 34,870 29,230
Income before income tax expense 34,006 42,732
Income tax expense 9,077 11,351
Net income 24,929 31,381
Preferred dividends 1,509 1,509
Net income available to common stockholders $ 23,420 $ 29,872
Earnings per common share    
Basic (in dollars per share) $ 0.60 $ 0.76
Diluted (in dollars per share) $ 0.59 $ 0.75