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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      
Interest and fees on loans $ 116,583 $ 75,282 $ 72,999
Interest on deposits with banks 1,637 506 437
Interest on investment securities 3,496 2,405 2,448
Interest on tax-exempt loans and securities 4,241 5,236 4,569
Total interest income 125,957 83,429 80,453
INTEREST EXPENSE      
Interest on deposits 10,476 3,977 10,294
Interest on short-term borrowings 443 105 1,072
Interest on subordinated debt 3,072 2,188 261
Interest on senior term loan 163 0 0
Total interest expense 14,154 6,270 11,627
NET INTEREST INCOME 111,803 77,159 68,826
Provision (release of allowance) for loan losses 14,194 (6,275) 16,579
Net interest income after provision (release of allowance) for loan losses 97,609 83,434 52,247
NONINTEREST INCOME      
Payment card and service charge income 11,648 7,524 2,821
Mortgage fee income 0 0 33,427
Insurance and investment services income 849 1,003 872
Gain on sale of available-for-sale securities, net 650 3,875 914
Gain (loss) on sale of equity securities, net (56) 5 3,501
Gain on derivatives, net 0 0 2,341
Gain on sale of loans, net 1,655 4,178 332
Holding gain (loss) on equity securities (1,543) 3,776 374
Compliance and consulting income 15,504 9,625 4,436
Equity method investments income (loss) (713) 17,428 24,174
Equity method investment gain 1,874 0 0
Gains on acquisition and divestiture activity 0 10,783 17,640
Gain on sale of assets 4,978 0 14
Other operating income 3,448 4,399 991
Total noninterest income 38,294 62,596 91,837
NONINTEREST EXPENSES      
Salaries and employee benefits 72,162 60,210 61,629
Occupancy expense 4,051 4,347 4,599
Equipment depreciation and maintenance 5,557 4,642 3,672
Data processing and communications 4,198 4,431 5,375
Mortgage processing 0 0 1,744
Professional fees 10,871 10,770 8,453
Insurance, tax and assessment expense 2,610 2,032 2,090
Travel, entertainment, dues and subscriptions 7,998 5,092 3,390
Other operating expenses 9,941 5,928 6,189
Total noninterest expense 117,388 97,452 97,141
Income before income taxes 18,515 48,578 46,943
Income tax expense 4,128 9,882 9,532
Net income (loss) 14,387 38,696 37,411
Net loss attributable to noncontrolling interest (660) (425) 0
Net income attributable to parent 15,047 39,121 37,411
Preferred dividends 0 35 461
Net income available to common shareholders $ 15,047 $ 39,086 $ 36,950
Earnings per common share - basic (in dollars per share) $ 1.23 $ 3.32 $ 3.13
Earnings per common share - diluted (in dollars per share) $ 1.17 $ 3.10 $ 3.06
Weighted average shares outstanding - basic (in shares) 12,279,462 11,778,557 11,821,574
Weighted average shares outstanding - diluted (in shares) 12,870,734 12,613,620 12,088,106