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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest and dividend income:      
Loans/leases, including fees $ 257,837 $ 173,940 $ 173,967
Securities:      
Taxable 12,078 8,923 7,787
Nontaxable 19,089 16,167 14,900
Interest-bearing deposits at financial institutions 1,089 173 669
Restricted investment securities 2,068 950 1,031
Federal funds sold 410 2 19
Total interest and dividend income 292,571 200,155 198,373
Interest expense:      
Deposits 42,362 13,300 23,269
Short-term borrowings 299 5 84
Federal Home Loan Bank advances 6,954 70 1,087
Other borrowings 53    
Subordinated notes 9,200 6,272 4,697
Junior subordinated debentures 2,583 2,275 2,286
Total interest expense 61,451 21,922 31,423
Net interest income 231,120 178,233 166,950
Provision for credit losses 8,284 3,486 55,704
Net interest income after provision for credit losses 222,836 174,747 111,246
Noninterest income:      
Revenue 373,300 300,577 312,171
Gains on sales of residential real estate loans, net 2,411 4,397 4,680
Gains on sales of government guaranteed portions of loans, net 119 227 224
Swap fee income/capital markets revenue 41,309 60,992 74,821
Securities gains (losses), net   (88) 2,484
Earnings on bank-owned life insurance 2,056 1,838 1,904
Loan related fee income 2,428 2,268 2,200
Fair value gain on derivatives 1,975 170  
Other 1,372 3,870 2,614
Total noninterest income 80,729 100,422 113,798
Noninterest expense:      
Salaries and employee benefits 115,368 100,907 96,268
Occupancy and equipment expense 21,975 15,918 16,504
Professional and data processing fees 16,282 14,579 14,644
Acquisition costs 3,715 624  
Post-acquisition compensation, transition and integration costs 5,526   214
Disposition costs   13 690
FDIC insurance, other insurance and regulatory fees 5,806 4,475 4,164
Loan/lease expense 1,829 1,671 1,435
Net cost of (income from) and gains/losses on operations of other real estate (40) (1,420) (307)
Advertising and marketing 4,958 4,254 3,260
Communication and data connectivity 2,213 1,798 1,642
Supplies 1,109 1,053 1,097
Bank service charges 2,282 2,173 2,016
Losses on liability extinguishment     3,907
Correspondent banking expense 840 799 838
Intangibles amortization 2,854 2,032 2,149
Goodwill impairment     500
Payment card processing 1,964 1,412 556
Trust expense 775 758 740
Loss on sale of subsidiary     158
Other 2,560 2,656 1,280
Total noninterest expense 190,016 153,702 151,755
Net income before income taxes 113,549 121,467 73,289
Federal and state income tax expense 14,483 22,562 12,707
Net income $ 99,066 $ 98,905 $ 60,582
Basic earnings per common share $ 5.94 $ 6.30 $ 3.84
Diluted earnings per common share $ 5.87 $ 6.20 $ 3.80
Weighted average common shares outstanding 16,681,844 15,708,744 15,771,650
Weighted average common and common equivalent shares outstanding 16,890,007 15,944,708 15,952,637
Cash dividends declared per common share $ 0.24 $ 0.24 $ 0.24
Trust fees      
Noninterest income:      
Revenue $ 10,641 $ 11,206 $ 9,207
Investment advisory and management fees      
Noninterest income:      
Revenue 3,858 4,080 5,318
Deposit service fees      
Noninterest income:      
Revenue 8,134 6,132 6,041
Debit card fees      
Noninterest income:      
Revenue 5,459 4,216 3,402
Correspondent banking fees      
Noninterest income:      
Revenue $ 967 $ 1,114 $ 903