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CONSOLIDATED INCOME STATEMENTS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income:      
Loans $ 341,255 $ 266,841 $ 222,166
Investment securities 49,615 33,825 21,560
Cash, Fed Funds and other 8,873 3,622 569
Total interest income 399,743 304,288 244,295
Interest expense:      
Deposits 137,920 32,013 11,411
Borrowings 95,070 38,968 5,827
Total interest expense 232,990 70,981 17,238
Net interest income 166,753 233,307 227,057
Provision for credit losses (441) (5,202) (15,000)
Net interest income after provision for credit losses 167,194 238,509 242,057
Noninterest income:      
Net gain on loan origination and sale activities 9,346 17,701 92,318
Loan servicing income 12,648 12,388 7,233
Deposit fees 10,148 8,875 8,068
Other 9,779 12,606 12,356
Total noninterest income 41,921 51,570 119,975
Noninterest expense:      
Compensation and benefits 111,064 115,533 132,015
Information services 29,901 29,981 27,913
Occupancy 22,241 24,528 23,832
General, administrative and other 38,809 35,377 31,583
Goodwill impairment 39,857 0 0
Total noninterest expense 241,872 205,419 215,343
Income (loss) before income taxes (32,757) 84,660 146,689
Income tax (benefit) expense (5,249) 18,120 31,267
Net income (loss) $ (27,508) $ 66,540 $ 115,422
Net income (loss) per share      
Basic (in dollars per share) $ (1.46) $ 3.51 $ 5.53
Diluted (in dollars per share) $ (1.46) $ 3.49 $ 5.46
Weighted average shares outstanding:      
Basic (in shares) 18,783,005 18,931,107 20,885,509
Diluted (in shares) 18,783,005 19,041,111 21,143,414