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Consolidated Income Statements - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income:    
Loans $ 82,538 $ 52,954
Investment securities 12,763 5,966
Cash, Fed Funds and other 1,750 108
Total interest income 97,051 59,028
Interest expense:    
Deposits 29,370 2,284
Borrowings 18,305 2,198
Total interest expense 47,675 4,482
Net interest income 49,376 54,546
Provision for credit losses 593 (9,000)
Net interest income after provision for credit losses 48,783 63,546
Noninterest income:    
Net gain on loan origination and sale activities 2,410 8,274
Loan servicing income 3,039 3,304
Deposit fees 2,658 2,075
Other 2,083 1,905
Total noninterest income 10,190 15,558
Noninterest expense:    
Compensation and benefits 29,253 32,031
Information services 7,145 7,062
Occupancy 5,738 6,365
General, administrative and other 10,355 9,015
Total noninterest expense 52,491 54,473
Income before income taxes 6,482 24,631
Income tax expense 1,424 4,680
Net income $ 5,058 $ 19,951
Net income per share:    
Basic (in dollars per share) $ 0.27 $ 1.02
Diluted (in dollars per share) $ 0.27 $ 1.01
Weighted average shares outstanding:    
Basic (in shares) 18,755,453 19,585,753
Diluted (in shares) 18,771,899 19,791,913