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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income:    
Loans, including fees $ 39,597 $ 29,378
Securities:    
Taxable 5,240 2,376
Non-taxable 1,116 1,144
Federal funds sold and interest-bearing deposits in banks 1,495 182
Total interest income 47,448 33,080
Interest expense:    
Deposits 11,370 1,890
Notes payable & other borrowings 0 0
Subordinated debt 1,012 1,012
Junior subordinated deferrable interest debentures 751 231
Total interest expense 13,133 3,133
Net interest income 34,315 29,947
Provision for credit losses 1,010 (2,085)
Net interest income, after provision for credit losses 33,305 32,032
Noninterest income:    
Service charges on deposit accounts 1,701 1,773
Income from insurance activities 1,411 1,570
Net gain on sales of loans 2,918 7,493
Bank card services and interchange fees 2,956 3,222
Other mortgage banking income (loss) (633) 6,144
Investment commissions 389 546
Fiduciary fees 600 612
Other 1,349 2,337
Total noninterest income 10,691 23,697
Noninterest expense:    
Salaries and employee benefits 19,254 22,703
Occupancy and equipment, net 3,832 3,737
Professional services 1,648 2,625
Marketing and development 936 720
IT and data services 864 1,053
Bank card expenses 1,352 1,323
Appraisal expenses 278 565
Other 4,197 5,198
Total noninterest expense 32,361 37,924
Income before income taxes 11,635 17,805
Income tax expense 2,391 3,527
Net income $ 9,244 $ 14,278
Earnings per share:    
Basic (in dollars per share) $ 0.54 $ 0.81
Diluted (in dollars per share) $ 0.53 $ 0.78
Net income $ 9,244 $ 14,278
Other comprehensive income (loss):    
Unrealized gains (losses) on securities available for sale 8,624 (44,877)
Less: Change in fair value on hedged state and municipal securities (2,638) 6,899
Tax effect (1,257) 7,975
Other comprehensive income (loss) 4,729 (30,003)
Comprehensive income (loss) $ 13,973 $ (15,725)