XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Income Statements - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income:    
Loans $ 86,256 $ 82,538
Investment securities 10,714 12,763
Cash, Fed Funds and other 5,571 1,750
Total interest income 102,541 97,051
Interest expense:    
Deposits 42,607 29,370
Borrowings 27,783 18,305
Total interest expense 70,390 47,675
Net interest income 32,151 49,376
Provision for credit losses 0 593
Net interest income after provision for credit losses 32,151 48,783
Noninterest income:    
Net gain on loan origination and sale activities 2,306 2,410
Loan servicing income 3,032 3,039
Deposit fees 2,241 2,658
Other 1,875 2,083
Total noninterest income 9,454 10,190
Noninterest expense:    
Compensation and benefits 28,011 29,253
Information services 7,342 7,145
Occupancy 5,434 5,738
General, administrative and other 11,377 10,355
Total noninterest expense 52,164 52,491
Income (loss) before income taxes (10,559) 6,482
Income tax (benefit) expense (3,062) 1,424
Net income (loss) $ (7,497) $ 5,058
Net income (loss) per share:    
Basic (in dollars per share) $ (0.40) $ 0.27
Diluted (in dollars per share) $ (0.40) $ 0.27
Weighted average shares outstanding:    
Basic (in shares) 18,856,870 18,755,453
Diluted (in shares) 18,856,870 18,771,899