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    
Loans, including fees $ 75,960 $ 46,536
Securities    
Taxable 4,445 3,341
Tax-exempt 50 51
Overnight deposits 2,484 915
Other interest and dividends 324 127
Total interest income 83,263 50,970
Interest expense    
Deposits 22,373 3,625
Borrowed funds 2,026  
Trust preferred securities 330 108
Subordinated debt   605
Total interest expense 24,729 4,338
Net interest income 58,534 46,632
Provision for credit losses 646 3,400
Net interest income after provision for credit losses 57,888 43,232
Non-interest income    
Non-interest income 6,948 7,533
Other income 668 400
Total non-interest income 6,974 7,427
Non-interest expense    
Compensation and benefits 16,255 13,421
Bank premises and equipment 2,344 2,116
Professional fees 4,187 1,474
Technology costs 1,313 1,399
Licensing fees 2,662 2,294
FDIC assessments 2,814 1,245
Regulatory settlement reserve (2,500)  
Other expenses 3,950 2,670
Total non-interest expense 31,025 24,619
Net income before income tax expense 33,837 26,040
Income tax expense 8,761 7,019
Net income $ 25,076 $ 19,021
Earnings per common share    
Basic earnings (in dollars per share) $ 2.26 $ 1.74
Diluted earnings (in dollars per share) $ 2.25 $ 1.69
Service charges on deposit accounts    
Non-interest income    
Non-interest income $ 1,456 $ 1,370
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 $ 4,850 $ 5,657
Revenue, Product and Service [Extensible List] Global payments revenue Global payments revenue
Other service charges and fees    
Non-interest income    
Non-interest income $ 642 $ 506