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Consolidated Income Statements - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income:    
Loans $ 52,954 $ 53,568
Investment securities 5,966 5,951
Cash, Fed Funds and other 108 172
Total interest income 59,028 59,691
Interest expense:    
Deposits 2,284 3,650
Borrowings 2,198 1,524
Total interest expense 4,482 5,174
Net interest income 54,546 54,517
Provision for credit losses (9,000) 0
Net interest income after provision for credit losses 63,546 54,517
Noninterest income:    
Net gain on loan origination and sale activities 8,274 33,459
Loan servicing income 3,304 748
Deposit fees 2,075 1,824
Other 1,905 2,802
Total noninterest income 15,558 38,833
Noninterest expense:    
Compensation and benefits 32,031 35,835
Information services 7,062 6,784
Occupancy 6,365 6,492
General, administrative and other 9,015 7,497
Total noninterest expense 54,473 56,608
Income before income taxes 24,631 36,742
Income tax expense 4,680 7,079
Net income $ 19,951 $ 29,663
Net income per share:    
Basic (in dollars per share) $ 1.02 $ 1.37
Diluted (in dollars per share) $ 1.01 $ 1.35
Weighted average shares outstanding:    
Basic (in shares) 19,585,753 21,637,671
Diluted (in shares) 19,791,913 21,961,828