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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
INTEREST INCOME      
Loans, including fees $ 195,197 $ 147,814 $ 155,790
Taxable securities 13,854 11,577 8,782
Tax-exempt securities 61 131 210
Interest-earning deposits 2,763 545 968
Total interest income 211,875 160,067 165,750
INTEREST EXPENSE      
Savings and interest-bearing deposit accounts 24,000 7,383 13,527
Certificates of deposit 2,970 4,058 11,476
Borrowed funds 600 473 3,976
Finance lease liability 251 300 343
Subordinated debt 5,453 7,013 4,992
Subtotal – interest expense 33,274 19,227 34,314
Interest-bearing demand - brokered 1,579 1,721 2,773
Interest on certificates of deposits – brokered 942 1,058 1,061
Total interest expense 35,795 22,006 38,148
Net interest income before provision for credit losses 176,080 138,061 127,602
Provision for credit losses [1] 6,353 6,475 32,400
Net interest income after provision for credit losses 169,727 131,586 95,202
OTHER INCOME      
Wealth management fee income 54,651 52,987 40,861
Service charges and fees 4,225 3,697 3,155
Bank owned life insurance 1,243 1,696 1,273
Gain on loans held for sale at fair value (mortgage banking) 483 2,194 3,266
Gain on loans held for sale at lower of cost or fair value   1,142 7,426
Fee income related to loan level, back-to-back swaps 293   1,620
Gain on sale of SBA loans 6,765 4,939 1,766
Corporate advisory fee income 1,704 3,483 265
Loss on swap termination   (842)  
Other income 5,362 3,379 1,847
Loss on securities sale, net (6,609)    
Fair value adjustment for CRA equity security (1,700) (432) 281
Total noninterest other income 66,417 72,243 61,760
OPERATING EXPENSES      
Compensation and employee benefits 89,476 81,864 77,516
Premises and equipment 18,719 17,165 16,377
FDIC insurance expense 1,939 2,071 1,975
FHLB prepayment penalty     4,784
Valuation allowance loans held for sale     4,425
Swap valuation allowance 673 2,243  
Other operating expenses 22,993 22,824 19,882
Total operating expenses 133,800 126,167 124,959
Income before income tax expense 102,344 77,662 32,003
Income tax expense 28,098 21,040 5,811
Net income $ 74,246 $ 56,622 $ 26,192
EARNINGS PER SHARE      
Basic $ 4.09 $ 3.01 $ 1.39
Diluted $ 4.00 $ 2.93 $ 1.37
[1]

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