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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Interest and dividend income:    
Loans, including fees $ 94,448 $ 60,758
Loans accounted for under the fair value option 1,347 0
Investment securities 2,053 770
Interest-bearing deposits in other financial institutions 2,245 397
Dividends, restricted stock 381 86
Total interest and dividend income 100,474 62,011
Interest expense:    
Deposits 13,012 3,482
Other borrowed funds 4,258 1,934
Total interest expense 17,270 5,416
Net interest income 83,204 56,595
Less: Provision for loan losses 3,682 1,230
Net interest income, after provision for loan losses 79,522 55,365
Non-interest income:    
Trust and investment management fees 18,943 20,200
Net gain on mortgage loans 5,306 16,060
Bank fees 2,660 1,780
Risk management and insurance fees 1,231 1,120
Income on company-owned life insurance 349 354
Net gain on equity interests 7 0
Net loss on loans accounted for under the fair value option (891) 0
Unrealized gain recognized on equity securities 342 469
Other 465 60
Total non-interest income 28,412 40,043
Total income before non-interest expense 107,934 95,408
Non-interest expense:    
Salaries and employee benefits 48,248 40,746
Occupancy and equipment 7,520 5,990
Professional services 7,896 6,473
Technology and information systems 4,462 3,707
Data processing 4,285 6,327
Marketing 1,888 1,613
Amortization of other intangible assets 308 17
Net gain on assets held for sale (4) 0
Net gain on sale of other real estate owned (44) 0
Other 4,547 3,255
Total non-interest expense 79,106 68,128
Income before income taxes 28,828 27,280
Income tax expense 7,130 6,670
Net income available to common shareholders $ 21,698 $ 20,610
Earnings per common share:    
Basic (in dollars per share) $ 2.29 $ 2.58
Diluted (in dollars per share) $ 2.23 $ 2.50