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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest and Dividend Income      
Interest and fees on loans and loans held for sale $ 79,241 $ 71,091 $ 62,150
Interest on investment securities available for sale 3,339 4,832 6,572
Dividends on marketable equity securities 440 466 439
Interest on investment securities held to maturity 1,037 18 0
Dividends on Federal Home Loan Bank stock 102 84 76
Interest on deposits in other banks 447 225 846
Total Interest Income 84,606 76,716 70,083
Interest Expense      
Interest expense on deposits 3,077 5,279 4,961
Interest expense on securities sold under agreements to repurchase 0 0 40
Interest expense on borrowings 320 387 251
Interest expense on junior subordinated debentures 382 385 389
Total Interest Expense 3,779 6,051 5,641
Net Interest Income 80,827 70,665 64,442
(Benefit) provision for credit losses (4,099) 2,432 (1,175)
Net Interest Income After (Benefit) Provision for Credit Losses 84,926 68,233 65,617
Other Operating Income      
Mortgage banking income 42,144 52,635 24,201
Purchased receivable income 2,259 2,650 3,271
Interest rate swap income 452 949 964
Commercial servicing revenue 306 527 624
Gain on sale of marketable equity securities, net 67 98 0
Unrealized (loss) gain on marketable equity securities (101) 61 911
Gain on sale of investment securities available for sale, net 0 0 23
Other income 2,450 2,469 2,819
Total Other Operating Income 52,263 63,328 37,346
Other Operating Expense      
Salaries and other personnel expense 60,412 61,137 51,317
Data processing expense 8,567 7,668 7,128
Occupancy expense 7,078 6,624 6,607
Professional and outside services 2,801 3,157 2,531
Marketing expense 2,741 2,320 2,373
Insurance expense 1,593 1,228 557
Intangible asset amortization expense 37 48 60
Compensation expense - RML acquisition payments 0 0 468
OREO (income) expense, net of rental income and gains on sale (432) (242) (193)
Other operating expense 6,399 7,174 5,990
Total Other Operating Expense 89,196 89,114 76,838
Income Before Provision for Income Taxes 47,993 42,447 26,125
Provision for income taxes 10,476 9,559 5,434
Net Income $ 37,517 $ 32,888 $ 20,691
Earnings per share, Basic (in USD per share) $ 6.07 $ 5.18 $ 3.08
Earnings per share, Diluted (in USD per share) $ 6.00 $ 5.11 $ 3.04
Weighted Average Shares Outstanding, Basic (in shares) 6,180,801 6,354,687 6,708,622
Weighted Average Shares Outstanding, Diluted (in shares) 6,249,313 6,431,367 6,808,209
Bankcard fees      
Other Operating Income      
Revenue from contract with customer $ 3,389 $ 2,837 $ 2,976
Service charges on deposit accounts      
Other Operating Income      
Revenue from contract with customer $ 1,297 $ 1,102 $ 1,557