XML 13 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest and dividend income:    
Interest and fees on loans $ 105,121 $ 44,095
Interest and dividends on investment securities 6,861 4,862
Dividends on non-marketable securities 898 209
Interest on interest-bearing bank deposits 653 359
Total interest and dividend income 113,533 49,525
Interest expense:    
Interest on deposits 11,049 2,531
Interest on borrowings 7,595 333
Total interest expense 18,644 2,864
Net interest income before provision for credit losses 94,889 46,661
Provision for credit loss expense (release) 900 (322)
Net interest income after provision for credit losses 93,989 46,983
Non-interest income:    
Non-interest income 10,072 8,300
Mortgage banking income 3,216 9,666
Bank-owned life insurance income 645 532
Other non-interest income 2,066 1,023
Total non-interest income 14,665 19,054
Non-interest expense:    
Salaries and benefits 32,989 29,336
Occupancy and equipment 9,073 6,396
Data processing 3,752 2,381
Marketing and business development 870 673
FDIC deposit insurance 2,178 482
Bank card expenses 1,328 1,268
Professional fees 2,590 814
Other non-interest expense 4,149 2,436
Other intangible assets amortization 1,363 296
Total non-interest expense 58,292 44,082
Income before income taxes 50,362 21,955
Income tax expense 10,079 3,603
Net income $ 40,283 $ 18,352
Earnings per share-basic (in dollars per share) $ 1.06 $ 0.61
Earnings per share-diluted (in dollars per share) $ 1.06 $ 0.60
Weighted average number of common shares outstanding:    
Basic (Shares) 37,785,488 30,120,195
Diluted (Shares) 38,074,973 30,479,261
Service charges    
Non-interest income:    
Non-interest income $ 4,101 $ 3,710
Bank card fees    
Non-interest income:    
Non-interest income $ 4,637 $ 4,123