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Non-interest Income and Expense

9 Months Ended

Sep. 30, 2024

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 September 30,												Nine months ended September 30,
(in thousands)			2024						2023						2024						2023
ATM and interchange fees			$	6,472					$	6,728					$	19,013					$	19,928
Service charges on deposit accounts			4,979						4,851						14,489						12,863
Other service fees			1,224						1,142						3,876						3,300
Mortgage banking service fees			439						445						1,305						1,364
Change in value of mortgage servicing rights			(332)						(91)						(468)						(215)
Total service charges and fees			12,782						13,075						38,215						37,240
Increase in cash value of life insurance			786						684						2,420						2,274
Asset management and commission income			1,502						1,141						3,989						3,233
Gain on sale of loans			549						382						1,198						883
Lease brokerage income			62						160						377						332
Sale of customer checks			303						396						916						1,091
(Loss) gain on sale or exchange of investment securities			2						—						(43)						(164)
(Loss) gain on marketable equity securities			356						(81)						207						(81)
Other			153						227						853						552
Total other non-interest income			3,713						2,909						9,917						8,120
Total non-interest income			$	16,495					$	15,984					$	48,132					$	45,360

The components of non-interest expense were as follows:

			Three months ended September 30,												Nine months ended September 30,
(in thousands)			2024						2023						2024						2023
Base salaries, net of deferred loan origination costs			$	24,407					$	23,616					$	72,279					$	70,675
Incentive compensation			4,361						4,391						12,329						11,663
Benefits and other compensation costs			6,782						6,456						20,647						19,402
Total salaries and benefits expense			35,550						34,463						105,255						101,740
Occupancy			4,191						3,948						12,205						12,099
Data processing and software			5,258						5,246						15,459						13,916
Equipment			1,374						1,503						4,060						4,322
Intangible amortization			1,030						1,590						3,090						4,902
Advertising			1,152						881						2,733						2,656
ATM and POS network charges			1,712						1,606						5,360						5,217
Professional fees			1,893						1,752						5,047						5,326
Telecommunications			507						567						1,576						1,971
Regulatory assessments and insurance			1,256						1,194						3,651						3,979
Postage			335						306						983						916
Operational losses			603						474						1,199						1,999
Courier service			542						492						1,581						1,314
(Gain) loss on sale or acquisition of foreclosed assets			26						(152)						(12)						(152)
Loss on disposal of fixed assets			6						4						12						22
Other miscellaneous expense			4,052						4,004						12,131						12,688
Total other non-interest expense			23,937						23,415						69,075						71,175
Total non-interest expense			$	59,487					$	57,878					$	174,330					$	172,915

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- References

No definition available.

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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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 720
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/720/tableOfContent

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Topic 610
-Publisher FASB
-URI https://asc.fasb.org/610/tableOfContent

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