v3.21.2
CONSOLIDATED INCOME STATEMENTS - UNAUDITED - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest income:        
Loans $ 56,781 $ 55,231 $ 166,291 $ 165,249
Securities AFS 4,606 6,107 14,739 19,643
FHLB stock, fed funds sold and interest-bearing deposits 602 353 1,500 1,069
Total interest income 61,989 61,691 182,530 185,961
Interest expense:        
Deposits 2,753 7,988 10,763 33,548
Borrowings 49 2,086 441 7,481
Total interest expense 2,802 10,074 11,204 41,029
Net interest income 59,187 51,617 171,326 144,932
Provision for credit losses (417) 1,548 (13) 6,979
Net interest income after provision for credit losses 59,604 50,069 171,339 137,953
Noninterest income:        
Asset management, consulting and other fees $ 9,313 $ 7,368 $ 26,410 $ 21,863
Type of Revenue [Extensible List] us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember
Gain on sale of loans $ 18,135 $ 15,140 $ 21,459 $ 15,140
Other income 3,232 1,133 8,754 6,282
Total noninterest income 30,680 23,641 56,623 43,285
Noninterest expense:        
Compensation and benefits 23,241 17,914 64,970 56,059
Occupancy and depreciation 6,427 6,052 18,297 17,419
Professional services and marketing costs 2,700 2,077 8,729 5,880
Customer service costs 2,512 1,723 6,635 5,717
Other expenses 3,514 2,829 9,891 9,329
Total noninterest expense 38,394 30,595 108,522 94,404
Income before taxes on income 51,890 43,115 119,440 86,834
Taxes on income 14,664 12,177 33,805 24,831
Net income $ 37,226 $ 30,938 $ 85,635 $ 62,003
Net income per share:        
Basic $ 0.83 $ 0.69 $ 1.91 $ 1.39
Diluted $ 0.83 $ 0.69 $ 1.90 $ 1.38
Shares used in computation:        
Basic 44,819,743 44,625,668 44,773,683 44,638,634
Diluted 45,002,937 44,885,776 44,977,863 44,883,612