SELECTED QUARTERLY DATA (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands |
3 Months Ended | 12 Months Ended | |||||||||
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Dec. 31, 2022 |
Sep. 30, 2022 |
Jun. 30, 2022 |
Mar. 31, 2022 |
Dec. 31, 2021 |
Sep. 30, 2021 |
Jun. 30, 2021 |
Mar. 31, 2021 |
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
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Selected Quarterly Financial Information [Abstract] | |||||||||||
Interest income | $ 75,353 | $ 62,558 | $ 53,622 | $ 48,034 | $ 48,322 | $ 49,295 | $ 47,625 | $ 47,977 | $ 239,567 | $ 193,219 | $ 193,103 |
Interest expense | 18,516 | 10,066 | 4,944 | 3,154 | 3,315 | 3,554 | 3,964 | 4,298 | 36,680 | 15,131 | 30,095 |
NET INTEREST INCOME | 56,837 | 52,492 | 48,678 | 44,880 | 45,007 | 45,741 | 43,661 | 43,679 | 202,887 | 178,088 | 163,008 |
Provision for credit losses | 8,958 | 0 | 0 | 417 | 0 | 1,300 | (1,700) | 1,477 | 9,375 | 1,077 | 14,770 |
CREDIT LOSSES | 47,879 | 52,492 | 48,678 | 44,463 | 45,007 | 44,441 | 45,361 | 42,202 | 193,512 | 177,011 | 148,238 |
Noninterest income | 10,519 | 10,164 | 10,492 | 10,687 | 9,709 | 11,114 | 11,340 | 12,557 | |||
Noninterest expense | 27,434 | 27,894 | 27,913 | 26,969 | 24,926 | 25,967 | 26,648 | 26,746 | 110,210 | 104,287 | 91,205 |
Income tax expense | 4,987 | 6,237 | 5,584 | 4,539 | 5,507 | 5,469 | 5,705 | 5,030 | 21,347 | 21,711 | 19,539 |
NET INCOME | $ 25,977 | $ 28,525 | $ 25,673 | $ 23,642 | $ 24,283 | $ 24,119 | $ 24,348 | $ 22,983 | $ 103,817 | $ 95,733 | $ 84,337 |
Basic earnings per common share (in USD per share) | $ 1.02 | $ 1.12 | $ 1.00 | $ 0.93 | $ 0.95 | $ 0.95 | $ 0.96 | $ 0.90 | $ 4.07 | $ 3.76 | $ 3.31 |
Diluted earnings per common share (in USD per share) | $ 1.01 | $ 1.11 | $ 1.00 | $ 0.92 | $ 0.95 | $ 0.94 | $ 0.95 | $ 0.90 | $ 4.04 | $ 3.74 | $ 3.30 |
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income or expense, including any amortization and accretion (as applicable) of discounts and premiums, including consideration of the provisions for loan, lease, credit, and other related losses. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total aggregate amount of all noninterest expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue earned, classified as other, excluding interest income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of credit loss expense (reversal of expense) for financing receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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