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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income:    
Loans, including fees $ 16,822 $ 13,270
Securities:    
Taxable 273 364
Tax-exempt 353 102
Cash and cash equivalents 3 58
Total interest income 17,451 13,794
Interest expense:    
Deposits 1,566 3,254
Borrowings 765 874
Total interest expense 2,331 4,128
Net interest income 15,120 9,666
Provision for loan losses 599 1,552
Net interest income after provision for loan losses 14,521 8,114
Non-interest income:    
Mortgage banking income 24,100 6,793
SBA loan income 1,245 542
Earnings on investment in life insurance 66 70
Net change in the fair value of derivative instruments (944) 954
Net change in the fair value of loans held-for-sale (3,867) 860
Net change in the fair value of loans held-for-investment (102) (62)
Net gain (loss) on hedging activity 4,261 (1,425)
Net gain on sale of investment securities available-for-sale 48  
Other 1,073 438
Total non-interest income 27,048 9,219
Non-interest expenses:    
Salaries and employee benefits 22,139 9,884
Occupancy and equipment 1,152 924
Professional fees 940 667
Advertising and promotion 785 609
Data processing 616 344
Information technology 425 318
Pennsylvania bank shares tax 163 226
Other 2,043 1,090
Total non-interest expenses 28,263 14,062
Income before income taxes 13,306 3,271
Income tax expense 3,136 755
Net income $ 10,170 $ 2,516
Basic earnings per common share $ 1.70 $ 0.39
Diluted earnings per common share $ 1.65 $ 0.39
Wealth Management Income    
Non-interest income:    
Revenue from contracts with customers $ 1,136 $ 1,021
Service Charges    
Non-interest income:    
Revenue from contracts with customers $ 32 $ 28