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Non-interest Income and Expense (Tables)
6 Months Ended
Jun. 30, 2024
Other Income and Expenses [Abstract]  
Components of Non-Interest Income
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)2024202320242023
ATM and interchange fees$6,372 $6,856 $12,541 $13,200 
Service charges on deposit accounts4,847 4,581 9,510 8,012 
Other service fees1,286 992 2,652 2,158 
Mortgage banking service fees438 454 866 919 
Change in value of mortgage servicing rights(147)85 (136)(124)
Total service charges and fees12,796 12,968 25,433 24,165 
Increase in cash value of life insurance831 788 1,634 1,590 
Asset management and commission income1,359 1,158 2,487 2,092 
Gain on sale of loans388 295 649 501 
Lease brokerage income154 74 315 172 
Sale of customer checks301 407 613 695 
Loss on sale or exchange of investment securities(45)— (45)(164)
Loss on marketable equity securities(121)(42)(149)— 
Other203 93 700 325 
Total other non-interest income3,070 2,773 6,204 5,211 
Total non-interest income$15,866 $15,741 $31,637 $29,376 
Components of Non Interest Expense
The components of non-interest expense were as follows:
Three months ended
June 30,
Six months ended
June 30,
(in thousands)2024202320242023
Base salaries, net of deferred loan origination costs$23,852 $24,059 $47,872 $47,059 
Incentive compensation4,711 4,377 7,968 7,272 
Benefits and other compensation costs6,838 6,278 13,865 12,946 
Total salaries and benefits expense35,401 34,714 69,705 67,277 
Occupancy4,063 3,991 8,014 8,151 
Data processing and software5,094 4,638 10,201 8,670 
Equipment1,330 1,436 2,686 2,819 
Intangible amortization1,030 1,656 2,060 3,312 
Advertising819 1,016 1,581 1,775 
ATM and POS network charges1,987 1,902 3,648 3,611 
Professional fees1,814 1,985 3,154 3,574 
Telecommunications558 809 1,069 1,404 
Regulatory assessments and insurance1,144 1,993 2,395 2,785 
Postage340 311 648 610 
Operational losses244 1,090 596 1,525 
Courier service559 483 1,039 822 
Gain on sale or acquisition of foreclosed assets— — (38)— 
Loss on disposal of fixed assets18 18 
Other miscellaneous expense3,955 5,201 8,079 8,684 
Total other non-interest expense22,938 26,529 45,138 47,760 
Total non-interest expense$58,339 $61,243 $114,843 $115,037