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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
INTEREST INCOME:    
Interest and fees on loans $ 50,450 $ 41,025
Taxable interest on investment securities 14,657 6,003
Nontaxable interest on investment securities 586 860
Interest on interest earning deposits 972 706
Total interest income 66,665 48,594
INTEREST EXPENSE:    
Deposits 4,528 1,424
Junior subordinated debentures 482 194
Other borrowings 1,813 32
Total interest expense 6,823 1,650
Net interest income 59,842 46,944
Provision for (reversal of) credit losses 1,825 (3,577)
Net interest income after provision for (reversal of) credit losses 58,017 50,521
NONINTEREST INCOME:    
Service charges and other fees 2,624 2,474
Card revenue 2,000 2,263
Loss on sale of investment securities, net (286) 0
Gain on sale of loans, net 49 241
Interest rate swap fees 53 279
Bank owned life insurance income 709 1,695
Gain on sale of other assets, net 2 204
Other income 3,107 1,382
Total noninterest income 8,258 8,538
NONINTEREST EXPENSE:    
Compensation and employee benefits 25,536 21,252
Occupancy and equipment 4,892 4,331
Data processing 4,342 4,061
Marketing 402 266
Professional services 628 699
State/municipal business and use taxes 1,008 796
Federal deposit insurance premium 850 600
Amortization of intangible assets 623 704
Other expense 3,324 3,011
Total noninterest expense 41,605 35,720
Income before income taxes 24,670 23,339
Income tax expense 4,213 3,582
Net income $ 20,457 $ 19,757
Basic earnings per common share (in usd per share) $ 0.58 $ 0.56
Diluted earnings per common share (in usd per share) 0.58 0.56
Dividends declared per common share (in usd per share) $ 0.22 $ 0.21
Basic weighted average common shares outstanding (in shares) 35,108,390 35,094,725
Weighted Average Number of Shares Outstanding, Diluted 35,445,340 35,412,098