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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Interest income:    
Loans, including fees $ 60,357 $ 51,127
Securities:    
Taxable 1,186 1,248
Tax-exempt 1,044 324
Cash and cash equivalents 69 164
Total interest income 62,656 52,863
Interest expense:    
Deposits 9,970 13,907
Borrowings 3,690 2,620
Total interest expense 13,660 16,527
Net interest income 48,996 36,336
Provision for loan losses 8,302 901
Net interest income after provision for loan losses 40,694 35,435
Non-interest income:    
Mortgage banking income 76,461 26,009
SBA loan income 2,572 1,401
Earnings on investment in life insurance 279 290
Net change in the fair value of derivative instruments 4,975 111
Net change in the fair value of loans held-for-sale 3,847 (13)
Net change in the fair value of loans held-for-investment 323 391
Net (loss) on hedging activity (9,400) (816)
Net gain on sale of investment securities available-for-sale 1,345 165
Other 2,555 1,621
Total non-interest income 86,918 32,893
Non-interest expenses:    
Salaries and employee benefits 72,147 35,157
Occupancy and equipment 4,292 3,806
Professional fees 3,113 2,614
Advertising and promotion 2,852 2,475
Data processing 1,913 1,327
Information technology 1,542 1,256
Pennsylvania bank shares tax 1,049 658
Other 6,168 7,521
Total non-interest expenses 93,076 54,814
Income before income taxes 34,536 13,514
Income tax expense 8,098 3,033
Net income $ 26,438 $ 10,481
Basic earnings per common share $ 4.32 $ 1.64
Diluted earnings per common share $ 4.27 $ 1.63
Wealth Management Income    
Non-interest income:    
Revenue from contracts with customers $ 3,854 $ 3,624
Service Charges    
Non-interest income:    
Revenue from contracts with customers $ 107 $ 110