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Non-interest Income and Expense

6 Months Ended

Jun. 30, 2022

Other Income and Expenses [Abstract]

Non-interest Income and Expense

Non-interest Income and Expense

The following table summarizes the Company’s non-interest income for the periods indicated:

			Three months ended June 30,												Six months ended June 30,
(in thousands)			2022						2021						2022						2021
ATM and interchange fees			$	6,984					$	6,558					$	13,227					$	12,419
Service charges on deposit accounts			4,163						3,462						7,997						6,731
Other service fees			1,279						914						2,161						1,785
Mortgage banking service fees			482						467						945						930
Change in value of mortgage servicing rights			136						(471)						410						(459)
Total service charges and fees			13,044						10,930						24,740						21,406
Increase in cash value of life insurance			752						745						1,390						1,418
Asset management and commission income			1,039						947						1,926						1,781
Gain on sale of loans			542						2,847						1,788						6,094
Lease brokerage income			238						249						396						359
Sale of customer checks			441						116						545						235
Gain on sale of investment securities			—						—						—						—
(Loss) gain on marketable equity securities			(94)						8						(231)						(45)
Other			468						115						972						819
Total other non-interest income			3,386						5,027						6,786						10,661
Total non-interest income			$	16,430					$	15,957					$	31,526					$	32,067

The components of non-interest expense were as follows:

			Three months ended June 30,												Six months ended June 30,
(in thousands)			2022						2021						2022						2021
Base salaries, net of deferred loan origination costs			$	22,169					$	17,537					$	40,385					$	33,048
Incentive compensation			4,282						4,322						6,865						7,902
Benefits and other compensation costs			6,491						5,222						12,463						11,461
Total salaries and benefits expense			32,942						27,081						59,713						52,411
Occupancy			3,996						3,700						7,571						7,426
Data processing and software			3,596						3,201						7,109						6,403
Equipment			1,453						1,207						2,786						2,724
Intangible amortization			1,702						1,431						2,930						2,862
Advertising			818						734						1,455						1,114
ATM and POS network charges			1,781						1,551						3,156						2,797
Professional fees			1,233						1,046						2,109						1,640
Telecommunications			564						564						1,085						1,145
Regulatory assessments and insurance			779						618						1,499						1,230
Merger and acquisition expense			2,221						—						6,253						—
Postage			313						124						541						322
Operational losses			456						212						273						421
Courier service			486						288						900						582
Gain on sale or acquisition of foreclosed assets			(98)						(15)						(98)						(66)
Loss (gain) on disposal of fixed assets			5						(426)						(1,073)						(426)
Other miscellaneous expense			4,017						2,855						6,502						5,204
Total other non-interest expense			23,322						17,090						42,998						33,378
Total non-interest expense			$	56,264					$	44,171					$	102,711					$	85,789

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- Definition

The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 720
-URI http://asc.fasb.org/topic&trid=2122503

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 610
-URI http://asc.fasb.org/topic&trid=49130413

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