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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest income:        
Interest and fees on loans $ 65,449 $ 36,602 $ 125,198 $ 70,532
Interest on mortgage loans held for sale 241 258 393 490
Taxable interest on debt securities 7,403 4,918 14,597 9,148
Dividends on Federal Home Loan Bank stock 858 63 1,455 130
Other interest income 1,279 188 2,349 266
Total interest and dividend income 75,230 42,029 143,992 80,566
Interest expense:        
Deposits 29,704 3,963 49,293 7,066
Federal Home Loan Bank advances 11,652 413 23,278 657
Junior subordinated debentures 374 138 728 237
Total interest expense 41,730 4,514 73,299 7,960
Net interest income [1] 33,500 37,515 70,693 72,606
Provision for credit losses 700 (3,000) 1,500 (2,900)
Net interest income after provision for credit losses 32,800 40,515 69,193 75,506
Noninterest income:        
Wealth management revenues [1] 9,048 10,066 17,711 20,597
Mortgage banking revenues [1] 1,753 2,082 2,998 5,583
Card interchange fees [1] 1,268 1,303 2,400 2,467
Service charges on deposit accounts [1] 667 763 1,444 1,431
Loan related derivative income [1] 247 669 196 970
Income from bank-owned life insurance [1] 879 615 2,044 1,216
Other income [1] 463 354 815 747
Total noninterest income [1] 14,325 15,852 27,608 33,011
Noninterest expense:        
Salaries and employee benefits 20,588 20,381 42,372 41,383
Outsourced services 3,621 3,375 7,117 6,617
Net occupancy 2,416 2,174 4,853 4,474
Equipment 1,050 938 2,078 1,856
Legal, audit and professional fees 978 677 1,874 1,447
FDIC deposit insurance costs 1,371 402 2,243 768
Advertising and promotion 427 724 835 1,075
Amortization of intangibles 212 216 424 433
Other expenses 2,353 2,190 4,784 4,243
Total noninterest expense 33,016 31,077 66,580 62,296
Income (loss) before income taxes 14,109 25,290 30,221 46,221
Income tax expense 2,853 5,333 6,153 9,781
Net income 11,256 19,957 24,068 36,440
Net income available to common shareholders $ 11,237 $ 19,900 $ 24,020 $ 36,329
Weighted average common shares outstanding - basic 17,011 17,303 17,042 17,317
Weighted average common shares outstanding - diluted 17,030 17,414 17,085 17,451
Per share information:        
Basic earnings per common share $ 0.66 $ 1.15 $ 1.41 $ 2.10
Diluted earnings per common share $ 0.66 $ 1.14 $ 1.41 $ 2.08
[1] As reported in the Unaudited Consolidated Statements of Income.