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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income        
Loans, including fees $ 50,612 $ 40,095 $ 95,355 $ 77,095
Federal funds sold and interest bearing due from banks 1,113 84 1,395 150
Mortgage loans held for sale 50 58 74 122
Federal Home Loan Bank stock 102 64 156 121
Investment securities:        
Taxable 6,805 2,744 11,485 5,039
Tax-exempt 426 57 627 93
Total interest income 59,108 43,102 109,092 82,620
Interest expense        
Deposits 1,770 1,435 2,941 2,945
Securities sold under agreements to repurchase 57 5 74 10
Federal funds purchased and other short-term borrowings 19 4 22 6
Subordinated debentures 278 0 311 0
Federal Home Loan Bank advance 0 74 0 250
Total interest expense 2,124 1,518 3,348 3,211
Net interest income 56,984 41,584 105,744 79,409
Provision for credit losses (200) 4,147 2,079 2,672
Net interest income after credit loss expense 57,184 37,437 103,665 76,737
Non-interest income:        
Mortgage banking income [1] 1,295 1,303 2,298 2,747
Bank owned life insurance [1] 270 206 536 367
Total non-interest income 21,940 15,788 41,143 29,632
Non-interest expenses        
Compensation 22,204 15,680 40,173 28,507
Employee benefits 4,429 3,367 8,968 6,628
Net occupancy and equipment 3,663 2,244 6,688 4,289
Technology and communication 3,984 2,670 7,403 5,016
Debit and credit card processing 1,665 976 3,002 1,681
Marketing and business development 1,445 822 2,217 1,346
Postage, printing and supplies 825 460 1,558 869
Legal and professional 1,027 666 1,677 1,128
FDIC insurance 536 349 1,181 754
Amortization of investments in tax credit partnerships 89 231 177 262
Capital and deposit based taxes 582 527 1,100 985
Merger expenses 0 18,100 19,500 18,500
Federal Home Loan Bank early termination penalty 0 474 0 474
Intangible amortization 1,611 127 2,324 204
Other 2,615 1,484 5,004 2,507
Total non-interest expenses 44,675 48,177 100,972 73,150
Income before income tax expense 34,449 5,048 43,836 33,219
Income tax expense 7,547 864 8,992 6,325
Net income 26,902 4,184 34,844 26,894
Less income attributed to non-controlling interest 108 0 144 0
Net Income available to stockholders $ 26,794 $ 4,184 $ 34,700 $ 26,894
Net income per common share, basic (in dollars per share) $ 0.92 $ 0.17 $ 1.23 $ 1.14
Net income per common share, diluted (in dollars per share) $ 0.91 $ 0.17 $ 1.22 $ 1.13
Weighted average outstanding shares        
Basic (in shares) 29,131 24,140 28,186 23,489
Diluted (in shares) 29,346 24,379 28,421 23,731
Fiduciary and Trust [Member]        
Non-interest income:        
Non-interest income $ 9,495 $ 6,858 $ 17,738 $ 13,106
Deposit Account [Member]        
Non-interest income:        
Non-interest income 2,061 1,233 3,924 2,177
Credit and Debit Card [Member]        
Non-interest income:        
Non-interest income 4,748 3,284 8,867 5,557
Treasury Management [Member]        
Non-interest income:        
Non-interest income 2,187 1,730 4,091 3,270
Investment Advisory, Management and Administrative Service [Member]        
Non-interest income:        
Non-interest income 731 545 1,338 1,009
Product and Service, Other [Member]        
Non-interest income:        
Non-interest income $ 1,153 $ 629 $ 2,351 $ 1,399
[1] Outside of the scope of ASC 606.