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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Interest income    
Loans and leases $ 91,844 $ 89,160
Interest and Dividend Income, Securities, Operating 3,410 4,187
Short-term investments 741 832
Total interest income 95,995 94,179
Interest expense    
Deposits 3,553 8,922
Federal Home Loan Bank advances and other borrowings 6,667 7,070
Junior subordinated notes 1,113 1,116
Total interest expense 11,333 17,108
Net interest income 84,662 77,071
Provision for loan and lease losses (5,803) 16,808
Net interest income after provision for loan and lease losses 90,465 60,263
Non-interest income    
Private wealth management service fees 10,784 8,611
Gain on sale of Small Business Administration loans 4,044 2,899
Service charges on deposits 3,837 3,415
Loan fees 2,506 1,826
Increase in cash surrender value of bank-owned life insurance 1,413 1,402
Net gain (loss) on sale of securities 29 (4)
Swap fees 1,368 6,860
Other non-interest income 4,119 1,931
Total non-interest income 28,100 26,940
Non-interest expense    
Compensation 51,710 45,850
Occupancy 2,180 2,252
Professional fees 3,736 3,530
Data processing 3,087 2,734
Marketing 2,022 1,580
Equipment 990 1,199
Computer software 4,260 3,900
FDIC insurance 1,143 1,238
Collateral liquidation costs 265 328
Net loss on foreclosed properties 15 383
Impairment of tax credit investments 0 2,395
SBA recourse provision (76) (278)
Loss on early extinguishment of debt 0 744
Other non-interest expense 2,203 3,043
Total non-interest expense 71,535 68,898
Income before income tax expense 47,030 18,305
Income tax expense 11,275 1,327
Net income $ 35,755 $ 16,978
Earnings per common share:    
Basic $ 4.17 $ 1.97
Diluted 4.17 1.97
Dividends declared per share $ 0.72 $ 0.66