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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 and leases $ 164,022 $ 147,208 $ 143,383
Interest and dividends on securities 22,289 17,158 14,704
Interest on deposits with others 12,102 902 1,207
Total interest income 198,413 165,268 159,294
Interest expense      
Deposits 4,349 4,017 9,113
Subordinated debentures 491 315 378
Total interest expense 4,840 4,332 9,491
Net interest income 193,573 160,936 149,803
Provision for credit losses 6,450 1,910 4,500
Net interest income after provision for credit losses 187,123 159,026 145,303
Non-interest income      
Card processing 7,123 6,959 5,536
Service charges on deposit accounts 2,794 2,972 2,637
Increase in cash surrender value of BOLI 2,233 2,175 2,088
Net (loss)/gain on sale of investment securities available-for-sale (10,689) 2,554 40
Net gain on deferred compensation benefits 451 2,614 1,777
Other 4,266 3,782 2,976
Total non-interest income 6,178 21,056 15,054
Non-interest expense      
Salaries and employee benefits 64,250 63,860 56,950
Net gain on deferred compensation benefits 451 2,614 1,777
Occupancy 4,717 4,675 4,640
Data Processing 4,968 4,967 4,994
FDIC insurance 1,444 1,237 517
Marketing 1,324 1,097 922
Legal 737 140 128
Other 15,669 13,171 12,478
Total non-interest expense 93,560 91,761 82,406
INCOME BEFORE INCOME TAXES 99,741 88,321 77,951
Income tax expense 24,651 21,985 19,217
NET INCOME $ 75,090 $ 66,336 $ 58,734
Earnings per common share:      
Basic (in dollars per share) $ 96.55 $ 84.01 $ 74.03
Diluted (in dollars per share) $ 96.55 $ 84.01 $ 74.03
Weighted average number of common shares      
Basic (in shares) 777,726 789,646 793,337
Diluted (in shares) 777,726 789,646 793,337