XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest and dividend income    
Loans $ 117,493 $ 62,474
Securities and other 14,823 12,349
Total interest and dividend income 132,316 74,823
Interest expense    
Deposits 26,082 4,174
Borrowings 8,701 1,586
Total interest expense 34,783 5,760
Net interest income 97,533 69,063
Non-interest income    
Total fee income 16,013 18,260
Other, net 359 3,166
Gain/(loss) on securities, net 234 (745)
Total non-interest income 16,606 20,681
Total net revenue 114,139 89,744
Provision expense/(benefit) for credit losses 8,999 (4,000)
Non-interest expense    
Compensation and benefits 39,071 37,521
Occupancy and equipment 9,379 10,067
Technology and communications 9,471 8,527
Marketing and promotion 1,208 1,111
Professional services 3,277 2,692
FDIC premiums and assessments 1,426 987
Amortization of intangible assets 1,205 1,286
Acquisition, restructuring, and other expenses (36) 18
Other 6,954 6,341
Total non-interest expense 71,955 68,550
Income before income taxes 33,185 25,194
Income tax expense 5,548 4,998
Net income $ 27,637 $ 20,196
Basic earnings per common share (in dollars per share) $ 0.63 $ 0.42
Diluted earnings per common share (in dollars per share) $ 0.63 $ 0.42
Weighted average shares outstanding:    
Basic (in shares) 43,693 47,668
Diluted (in shares) 44,036 48,067
Deposit related fees    
Non-interest income    
Total fee income $ 8,311 $ 7,351
Loan fees and other    
Non-interest income    
Total fee income 2,469 4,939
Gain on SBA loan sales    
Non-interest income    
Total fee income 2,494 3,345
Wealth management fees    
Non-interest income    
Total fee income $ 2,739 $ 2,625