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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income:    
Interest and fees on loans $ 59,749 $ 33,930
Interest on mortgage loans held for sale 152 232
Taxable interest on debt securities 7,194 4,230
Dividends on Federal Home Loan Bank stock 597 67
Other interest income 1,070 78
Total interest and dividend income 68,762 38,537
Interest expense:    
Deposits 19,589 3,103
Federal Home Loan Bank advances 11,626 244
Junior subordinated debentures 354 99
Total interest expense 31,569 3,446
Net interest income [1] 37,193 35,091
Provision for credit losses 800 100
Net interest income after provision for credit losses 36,393 34,991
Noninterest income:    
Wealth management revenues [1] 8,663 10,531
Mortgage banking revenues [1] 1,245 3,501
Card interchange fees [1] 1,132 1,164
Service charges on deposit accounts [1] 777 668
Loan related derivative income [1] (51) 301
Income from bank-owned life insurance [1] 1,165 601
Other income [1] 352 393
Total noninterest income [1] 13,283 17,159
Noninterest expense:    
Salaries and employee benefits 21,784 21,002
Outsourced services 3,496 3,242
Net occupancy 2,437 2,300
Equipment 1,028 918
Legal, audit and professional fees 896 770
FDIC deposit insurance costs 872 366
Advertising and promotion 408 351
Amortization of intangibles 212 217
Other expenses 2,431 2,053
Total noninterest expense 33,564 31,219
Income (loss) before income taxes 16,112 20,931
Income tax expense 3,300 4,448
Net income 12,812 16,483
Net income available to common shareholders $ 12,783 $ 16,429
Weighted average common shares outstanding - basic 17,074 17,331
Weighted average common shares outstanding - diluted 17,170 17,482
Per share information:    
Basic earnings per common share $ 0.75 $ 0.95
Diluted earnings per common share $ 0.74 $ 0.94
[1] As reported in the Unaudited Consolidated Statements of Income.