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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest income:        
Interest and fees on loans $ 31,927 $ 25,651 $ 59,555 $ 50,292
Interest on securities -- taxable 1,898 1,373 3,832 1,929
Interest on securities -- tax-exempt 159 178 324 372
Interest on deposits in banks 885 768 1,347 1,016
Total interest income 34,869 27,970 65,058 53,609
Interest expense:        
Interest on deposits 1,930 422 2,648 908
Interest on short-term borrowings 77 1 136 1
Total interest expense 2,007 423 2,784 909
Net interest income 32,862 27,547 62,274 52,700
Provision for credit losses 4,105 510 5,847 2,471
Net interest income after provision for loan losses 28,757 27,037 56,427 50,229
Noninterest income:        
Loss on sale of securities (28) 0 (21) 0
Other operating income 917 892 2,235 2,599
Total noninterest income 8,785 8,854 17,368 18,048
Noninterest expense:        
Salaries and employee benefits 12,686 11,518 24,281 23,189
Occupancy expense 1,276 1,165 2,444 2,434
Furniture and equipment expense 1,508 1,496 2,909 3,110
Service fees 2,284 2,563 4,303 4,066
Advertising and public relations 846 577 1,489 1,117
Professional fees 281 544 608 997
Amortization of intangibles 425 360 659 717
FDIC premiums and assessments 423 257 743 475
Merger expenses 2,014 0 2,393 0
Other operating expense 2,928 2,775 5,655 5,136
Total noninterest expense 24,671 21,255 45,484 41,241
Income before income taxes 12,871 14,636 28,311 27,036
Income tax expense 3,057 3,423 6,715 6,308
Net income $ 9,814 $ 11,213 $ 21,596 $ 20,728
Earnings per common share        
Basic (in dollars per share) $ 0.53 $ 0.67 $ 1.25 $ 1.24
Diluted (in dollars per share) $ 0.55 $ 0.67 $ 1.26 $ 1.24
Weighted average shares outstanding        
Basic (in shares) 18,407,078 16,662,817 17,323,706 16,739,624
Diluted (in shares) 18,431,598 16,682,615 17,363,478 16,772,847
Fiduciary and Trust [Member]        
Noninterest income:        
Noninterest income $ 965 $ 993 $ 1,982 $ 1,965
Deposit Account [Member]        
Noninterest income:        
Noninterest income 3,471 3,672 6,630 7,170
Financial Service, Other [Member]        
Noninterest income:        
Noninterest income $ 3,460 $ 3,297 $ 6,542 $ 6,314