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CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income      
Interest and fees on loans $ 93,868 $ 91,612 $ 84,674
Interest on investment securities 34,766 16,342 14,503
Interest on federal funds sold and due from banks 1,407 399 461
Total interest income 130,041 108,353 99,638
Interest expense      
Interest on interest-bearing transaction accounts 421 172 186
Interest on savings accounts 125 94 68
Interest on money market accounts 1,589 1,520 2,009
Interest on time accounts 323 246 554
Interest on borrowings and other obligations 91 9 4
Interest on subordinated debenture 0 1,361 158
Total interest expense 2,549 3,402 2,979
Net interest income 127,492 104,951 96,659
(Reversal of) provision for credit losses on loans (63) (1,449) 4,594
(Reversal of) provision for credit losses on unfunded loan commitments (318) (992) 1,570
Net interest income after (reversal of) provision for credit losses 127,873 107,392 90,495
Non-interest income      
Earnings on bank-owned life insurance, net 1,229 2,194 973
Dividends on Federal Home Loan Bank stock 1,056 760 654
(Losses) gains on investment securities, net (63) (16) 915
Other income 1,849 1,145 1,166
Total non-interest income 10,905 10,132 8,550
Non-interest expense      
Salaries and employee benefits 42,046 41,939 34,393
Occupancy and equipment 7,823 7,297 6,943
Data processing 4,649 5,139 3,184
Professional services 3,299 4,974 2,181
Depreciation and amortization 1,840 1,740 2,149
Information technology 2,197 1,550 1,050
Amortization of core deposit intangible 1,489 1,135 853
Directors' expense 1,107 957 713
Federal Deposit Insurance Corporation insurance 1,179 889 474
Charitable contributions 709 587 1,034
Other real estate owned 359 5 0
Other expense 8,572 6,426 5,484
Total non-interest expense 75,269 72,638 58,458
Income before provision for income taxes 63,509 44,886 40,587
Provision for income taxes 16,923 11,658 10,345
Net income $ 46,586 $ 33,228 $ 30,242
Net income per common share:      
Basic (in dollars per share) $ 2.93 $ 2.32 $ 2.24
Diluted (in dollars per share) $ 2.92 $ 2.30 $ 2.22
Weighted average common shares:      
Basic (in shares) 15,921 14,340 13,525
Diluted (in shares) 15,969 14,422 13,617
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]      
Net income $ 46,586 $ 33,228 $ 30,242
Other Comprehensive Income (Loss), Net of Tax [Abstract]      
Change in net unrealized gains or losses on available-for-sale securities (88,620) (21,281) 11,891
Reclassification adjustment for losses (gains) on available-for-sale securities in net income 63 16 (915)
Net unrealized losses on securities transferred from available-for-sale to held-to-maturity (14,847) 0 0
Amortization of net unrealized losses on securities transferred from available-for-sale to held-to-maturity 1,580 493 524
Other comprehensive (loss) income, before tax (101,824) (20,772) 11,500
Deferred tax (benefit) expense (30,102) (6,147) 3,402
Other comprehensive (loss) income, net of tax (71,722) (14,625) 8,098
Comprehensive (loss) income (25,136) 18,603 38,340
Fiduciary and Trust      
Non-interest income      
Wealth management and trust services, debit card interchange fees net, service charges on deposit accounts, and merchant interchange fees net 2,227 2,222 1,851
Debit Card      
Non-interest income      
Wealth management and trust services, debit card interchange fees net, service charges on deposit accounts, and merchant interchange fees net 2,051 1,812 1,438
Deposit Account      
Non-interest income      
Wealth management and trust services, debit card interchange fees net, service charges on deposit accounts, and merchant interchange fees net 2,007 1,593 1,314
Merchant Interchange Fees, Net      
Non-interest income      
Wealth management and trust services, debit card interchange fees net, service charges on deposit accounts, and merchant interchange fees net $ 549 $ 422 $ 239