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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest and dividend income:        
Loans, including fees $ 86,747 $ 69,918 $ 169,161 $ 127,663
Investments:        
Taxable securities 18,477 14,036 37,089 23,998
Tax exempt securities 1,262 1,323 2,570 2,265
Dividends 298 314 602 575
Interest bearing cash at Federal Reserve and other banks 374 1,364 643 1,649
Total interest and dividend income 107,158 86,955 210,065 156,150
Interest expense:        
Deposits 11,457 848 16,602 1,527
Other borrowings 5,404 5 8,212 10
Junior subordinated debt 1,696 1,056 3,314 1,643
Total interest expense 18,557 1,909 28,128 3,180
Net interest income 88,601 85,046 181,937 152,970
Provision for credit losses 9,650 2,100 13,845 10,430
Net interest income after credit loss provision 78,951 82,946 168,092 142,540
Non-interest income:        
Service charges and fees 12,968 13,044 24,165 24,740
Gain on sale of loans 295 542 501 1,788
Loss on sale of investment securities 0 0 (164) 0
Asset management and commission income 1,158 1,039 2,092 1,926
Increase in cash value of life insurance 788 752 1,590 1,390
Other 532 1,053 1,192 1,682
Total non-interest income 15,741 16,430 29,376 31,526
Non-interest expense:        
Salaries and related benefits 34,714 34,370 67,277 62,967
Other 26,529 21,894 47,760 39,744
Total non-interest expense 61,243 56,264 115,037 102,711
Income before provision for income taxes 33,449 43,112 82,431 71,355
Provision for income taxes 8,557 11,748 21,706 19,617
Net income $ 24,892 $ 31,364 $ 60,725 $ 51,738
Per share data:        
Basic earnings per share (in USD per share) $ 0.75 $ 0.93 $ 1.83 $ 1.63
Diluted earnings per share (in USD per share) 0.75 0.93 1.82 1.62
Dividend per share (in USD per share) $ 0.30 $ 0.25 $ 0.60 $ 0.50