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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
INTEREST AND DIVIDEND INCOME        
Loans, including fees $ 108,699 $ 71,018 $ 211,423 $ 135,611
Investment Securities:        
Taxable 7,806 5,995 15,263 10,931
Tax-exempt 215 484 429 966
Dividends 613 102 1,121 200
Total Interest and Dividend Income 117,333 77,599 228,236 147,708
INTEREST EXPENSE        
Deposits 20,102 1,790 35,005 3,643
Borrowings, junior subordinated debt securities and other 9,108 615 16,317 1,138
Total Interest Expense 29,210 2,405 51,322 4,781
NET INTEREST INCOME 88,123 75,194 176,914 142,927
Provision for credit losses 10,529 3,204 11,451 2,692
Net Interest Income After Provision for Credit Losses 77,594 71,990 165,463 140,235
NONINTEREST INCOME        
Mortgage banking 289 466 590 1,481
Other 2,144 (20) 3,636 1,912
Total Noninterest Income 14,191 12,630 27,381 27,856
NONINTEREST EXPENSE        
Salaries and employee benefits 25,391 24,811 52,992 48,523
Data processing and information technology 4,177 4,104 8,435 8,539
Occupancy 3,710 3,634 7,545 7,516
Furniture, equipment and software 3,192 2,939 6,053 5,716
Professional services and legal 2,069 2,380 3,890 4,329
Marketing 1,459 1,524 3,312 2,885
Other taxes 1,322 1,682 3,112 3,219
FDIC insurance 1,032 882 2,044 1,819
Other 7,281 6,468 13,949 13,292
Total Noninterest Expense 49,633 48,424 101,332 95,838
Income Before Taxes 42,152 36,196 91,512 72,253
Income tax expense 7,685 7,338 17,246 14,252
Net Income $ 34,467 $ 28,858 $ 74,266 $ 58,001
Earnings per share—basic (in dollars per share) $ 0.89 $ 0.74 $ 1.92 $ 1.48
Earnings per share—diluted (in dollars per share) 0.89 0.74 1.91 1.48
Dividends declared per share (in dollars per share) $ 0.32 $ 0.30 $ 0.64 $ 0.59
Comprehensive Income (Loss) $ 17,082 $ 8,730 $ 72,348 $ (2,080)
Debit and credit card        
NONINTEREST INCOME        
Revenues from contract with customers 4,645 4,756 9,018 9,819
Service charges on deposit accounts        
NONINTEREST INCOME        
Revenues from contract with customers 3,928 4,181 8,004 8,155
Wealth management        
NONINTEREST INCOME        
Revenues from contract with customers $ 3,185 $ 3,247 $ 6,133 $ 6,489