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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income:      
Interest and fees on loans $ 270,330 $ 169,301 $ 141,552
Interest on mortgage loans held for sale 980 1,165 1,531
Taxable interest on debt securities 29,059 21,827 14,295
Dividends on Federal Home Loan Bank stock 3,315 548 436
Other interest income 4,975 1,624 181
Interest and dividend income 308,659 194,465 157,995
Interest expense:      
Deposits 120,429 26,023 12,390
Federal Home Loan Bank advances 49,589 11,713 3,800
Junior subordinated debentures 1,543 739 370
Interest expense 171,561 38,475 16,560
Net interest income [1] 137,098 155,990 141,435
Provision for credit losses 3,200 (1,300) (4,822)
Net interest income after provision for credit losses 133,898 157,290 146,257
Noninterest income:      
Wealth management revenues [1] 35,540 38,746 41,282
Mortgage banking revenues [1] 6,660 8,733 28,626
Card interchange fees [1] 4,921 4,996 4,996
Service charges on deposit accounts [1] 2,806 3,192 2,683
Loan related derivative income [1] 1,390 2,756 4,342
Income from bank-owned life insurance [1] 3,488 2,591 2,925
Other income [1] 1,335 1,588 2,540
Noninterest income [1] 56,140 62,602 87,394
Noninterest expense:      
Salaries and employee benefits 82,458 83,804 87,295
Outsourced services 14,521 13,737 13,296
Net occupancy 9,636 9,126 8,449
Equipment 4,318 3,797 3,905
Legal, audit and professional fees 3,891 3,127 2,859
FDIC deposit insurance costs 4,667 1,687 1,592
Advertising and promotion 2,562 2,587 1,843
Amortization of intangibles 843 860 890
Debt prepayment penalties 0 0 6,930
Other expenses 10,661 9,997 8,405
Noninterest expense 133,557 128,722 135,464
Income before income taxes 56,481 91,170 98,187
Income tax expense 8,305 19,489 21,317
Net income 48,176 71,681 76,870
Net income available to common shareholders $ 48,091 $ 71,479 $ 76,648
Weighted average common shares outstanding - basic 17,033 17,246 17,310
Weighted average common shares outstanding - diluted 17,062 17,381 17,455
Per share information:      
Basic earnings per common share (in dollars per share) $ 2.82 $ 4.14 $ 4.43
Diluted earnings per common share (in dollars per share) $ 2.82 $ 4.11 $ 4.39
[1] As reported in the Consolidated Statements of Income.