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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest and dividend income        
Loans, including fees $ 52,185 $ 39,234 $ 98,721 $ 76,074
Securities        
Taxable 3,655 1,168 6,996 1,904
Tax-exempt 51 52 102 87
Overnight deposits 2,994 442 3,909 786
Other interest and dividends 273 154 400 305
Total interest income 59,158 41,050 110,128 79,156
Interest expense        
Deposits 3,706 3,565 7,331 6,736
Trust preferred securities 150 107 258 215
Subordinated debt   405 605 809
Total interest expense 3,856 4,077 8,194 7,760
Net interest income 55,302 36,973 101,934 71,396
Provision for loan losses 2,400 1,875 5,800 2,825
Net interest income after provision for loan losses 52,902 35,098 96,134 68,571
Non-interest income        
Non-interest income 7,071 5,543 14,604 10,176
Unrealized gain (loss) on equity securities (73) 4 (179) (36)
Gain on sale of securities   609   609
Total non-interest income 6,998 6,156 14,425 10,749
Non-interest expense        
Compensation and benefits 13,415 11,211 26,836 22,638
Bank premises and equipment 2,264 2,000 4,380 4,024
Professional fees 1,692 2,003 3,166 3,306
Technology costs 1,144 1,447 2,543 2,374
Licensing fees 2,686 2,067 4,980 4,141
Other expenses 5,068 2,961 8,983 5,528
Total non-interest expense 26,269 21,689 50,888 42,011
Net income before income tax expense 33,631 19,565 59,671 37,309
Income tax expense 10,442 6,229 17,461 11,856
Net income $ 23,189 $ 13,336 $ 42,210 $ 25,453
Earnings per common share        
Basic earnings per common share (in dollars per share) $ 2.12 $ 1.59 $ 3.86 $ 3.06
Diluted earnings per common share (in dollars per share) $ 2.07 $ 1.55 $ 3.76 $ 2.98
Service charges on deposit accounts        
Non-interest income        
Non-interest income $ 1,474 $ 1,126 $ 2,844 $ 2,098
Revenue, Product and Service [Extensible List] Service charges on deposit accounts Service charges on deposit accounts Service charges on deposit accounts Service charges on deposit accounts
Global payments revenue        
Non-interest income        
Non-interest income $ 5,242 $ 3,851 $ 10,899 $ 7,210
Revenue, Product and Service [Extensible List] Global payments revenue Global payments revenue Global payments revenue Global payments revenue
Other service charges and fees        
Non-interest income        
Non-interest income $ 355 $ 566 $ 861 $ 868
Revenue, Product and Service [Extensible List] Other service charges and fees Other service charges and fees Other service charges and fees Other service charges and fees