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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest and dividend income    
Loans $ 34,560 $ 22,671
Securities and other 5,791 3,826
Total interest and dividend income 40,351 26,497
Interest expense    
Deposits 5,265 1,189
Borrowings 4,180 1,010
Total interest expense 9,445 2,199
Net interest income 30,906 24,298
Provision for credit losses 798 377
Net interest income after provision for credit losses 30,108 23,921
Non-interest income    
Trust and investment management fee income 3,555 3,754
Customer service fees 3,677 3,616
Gain on sales of securities, net 34 9
Mortgage banking income 279 624
Bank-owned life insurance income 1,148 501
Customer derivative income 132 18
Other income 359 787
Total non-interest income 9,184 9,309
Non-interest expense    
Salaries and employee benefits 12,771 12,147
Occupancy and equipment 4,414 4,423
Gain on sales of premises and equipment, net (13) (75)
Outside services 356 340
Professional services 426 173
Communication 162 225
Marketing 409 263
Amortization of intangible assets 233 233
Acquisition, conversion and other expenses 20 325
Provision for unfunded commitments (175) 326
Other expenses 4,101 3,506
Total non-interest expense 22,704 21,886
Income before income taxes 16,588 11,344
Income tax expense 3,576 2,232
Net income $ 13,012 $ 9,112
Earnings per share:    
Basic (in dollars per share) $ 0.86 $ 0.61
Diluted (in dollars per share) $ 0.86 $ 0.60
Weighted average common shares outstanding:    
Basic (in shares) 15,109,847 15,010,834
Diluted (in shares) 15,190,089 15,101,785