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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
INTEREST INCOME    
Interest and fees on loans $ 40,472 $ 35,384
Interest on investments:    
Taxable 3,607 2,629
Tax-exempt 21 43
Interest on loans held for sale 11 55
Interest on interest-earning deposits 29 128
Total interest income 44,140 38,239
INTEREST EXPENSE    
Interest on savings and interest-bearing deposit accounts 1,782 1,789
Interest on certificates of deposit 606 1,470
Interest on borrowed funds 64 209
Interest on finance lease liability 68 79
Interest on subordinated debt 1,364 2,145
Subtotal - interest expense 3,884 5,692
Interest on interest-bearing demand - brokered 373 493
Interest on certificates of deposits - brokered 261 261
Total interest expense 4,518 6,446
NET INTEREST INCOME BEFORE PROVISION FOR CREDIT LOSSES 39,622 31,793
Provision for credit losses (1) [1] 2,375 225
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 37,247 31,568
OTHER INCOME    
Wealth management fee income 14,834 12,131
Service charges and fees 952 846
Bank owned life insurance 313 611
Gain on loans held for sale at fair value (mortgage banking) 247 1,025
Gain on loans held for sale at lower of cost or fair value   282
Gain on sale of SBA loans 2,844 1,449
Corporate advisory fee income 1,561 1,098
Other income 1,254 643
Loss on securities sale, net (6,609)  
Fair value adjustment for CRA equity security (682) (265)
Total other income 14,714 17,820
OPERATING EXPENSES    
Compensation and employee benefits 22,449 21,990
Premises and equipment 4,647 4,113
FDIC insurance expense 471 585
Swap valuation allowance 673  
Other operating expense 5,929 4,906
Total operating expenses 34,169 31,594
INCOME BEFORE INCOME TAX EXPENSE 17,792 17,794
Income tax expense 4,351 4,616
NET INCOME $ 13,441 $ 13,178
EARNINGS PER SHARE    
Basic $ 0.73 $ 0.70
Diluted $ 0.71 $ 0.67
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING    
Basic 18,339,013 18,950,305
Diluted 18,946,683 19,531,689
[1]

Commencing on January 1, 2022, the allowance calculation is based on the current expected credit loss methodology.  Prior to January 1, 2022, the calculation was based on the incurred loss methodology.