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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest and dividend income    
Loans $ 59,952 $ 47,908
Debt securities available for sale 1,313 1,183
Other investments and interest-bearing deposits 2,090 1,575
Total interest and dividend income 63,355 50,666
Interest expense    
Deposits 20,318 7,864
Junior subordinated debt 236 109
Borrowings 1,571 1,239
Total interest expense 22,125 9,212
Net interest income 41,230 41,454
Provision for credit losses 1,165 8,760
Net interest income after provision for credit losses 40,065 32,694
Noninterest income    
Service charges and fees on deposit accounts 2,149 2,256
Loan income and fees 678 562
Gain on sale of loans held for sale 1,457 1,811
BOLI income 1,835 522
Operating lease income 1,859 1,505
Gain (loss) on sale of premises and equipment (9) 900
Other 842 754
Total noninterest income 8,811 8,310
Noninterest expense    
Salaries and employee benefits 16,976 16,246
Occupancy expense, net 2,437 2,467
Computer services 3,088 2,911
Telephone, postage and supplies 585 613
Marketing and advertising 645 372
Deposit insurance premiums 554 612
Core deposit intangible amortization 762 606
Merger-related expenses 0 4,741
Other 4,817 4,265
Total noninterest expense 29,864 32,833
Income before income taxes 19,012 8,171
Income tax expense 3,945 1,437
Net income $ 15,067 $ 6,734
Net income per common share    
Basic (in dollars per share) $ 0.88 $ 0.40
Diluted (in dollars per share) $ 0.88 $ 0.40
Average shares outstanding    
Basic (in shares) 16,859,738 16,021,994
Diluted (in shares) 16,872,840 16,077,116