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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Interest and dividend income    
Loans, including fees $ 164,528 $ 136,497
Securities    
Taxable 5,649 3,208
Tax-exempt 189  
Money market funds   34
Overnight deposits 2,310 2,546
Other interest and dividends 608 812
Total interest income 173,284 143,097
Interest expense    
Deposits 14,241 14,244
Borrowed funds   1,742
Trust preferred securities 424 572
Subordinated debt 1,618 1,618
Total interest expense 16,283 18,176
Net interest income 157,001 124,921
Provision for loan losses 3,816 9,488
Net interest income after provision for loan losses 153,185 115,433
Non-interest income    
Non-interest income 23,150 13,669
Unrealized gain (loss) on equity securities (62) 48
Gain on sale of securities 609 3,286
Total non-interest income 23,697 17,003
Non-interest expense    
Compensation and benefits 45,908 39,797
Bank premises and equipment 8,055 8,340
Professional fees 6,750 4,122
Technology costs 5,201 3,387
Licensing fees 8,606 9,653
Other expenses 12,792 9,219
Total non-interest expense 87,312 74,518
Net income before income tax expense 89,570 57,918
Income tax expense 29,015 18,452
Net income $ 60,555 $ 39,466
Earnings per common share    
Basic earnings per common share (in dollars per share) $ 6.64 $ 4.76
Diluted earnings per common share (in dollars per share) $ 6.45 $ 4.66
Service charges on deposit accounts    
Non-interest income    
Non-interest income $ 4,755 $ 3,728
Revenue, Product and Service [Extensible List] Service charges on deposit accounts Service charges on deposit accounts
Global payments revenue    
Non-interest income    
Non-interest income $ 16,445 $ 8,464
Revenue, Product and Service [Extensible List] Global payments revenue Global payments revenue
Other service charges and fees    
Non-interest income    
Non-interest income $ 1,950 $ 1,477
Revenue, Product and Service [Extensible List] Other service charges and fees Other service charges and fees