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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest and dividend income:        
Loans, including fees $ 20,318 $ 15,287 $ 39,414 $ 29,499
Loans accounted for under the fair value option 346   346  
Investment securities 418 169 755 365
Interest-bearing deposits in other financial institutions 549 92 781 183
Total interest and dividend income 21,631 15,548 41,296 30,047
Interest expense:        
Deposits 1,103 866 2,046 1,840
Other borrowed funds 390 459 828 931
Total interest expense 1,493 1,325 2,874 2,771
Net interest income 20,138 14,223 38,422 27,276
Less: Provision for loan losses 519 12 729 12
Net interest income, after provision for loan losses 19,619 14,211 37,693 27,264
Non-interest income:        
Trust and investment management fees 4,784 5,009 9,952 9,856
Net gain on mortgage loans 1,152 3,914 3,646 9,110
Bank fees 601 394 1,290 766
Risk management and insurance fees 83 92 192 143
Income on company-owned life insurance 87 89 173 177
Net gain on equity interests     1  
Net (loss)/gain on loans accounted for under the fair value option (155)   (155)  
Unrealized gains/(losses) recognized on equity securities 299 2 267 (10)
Other 89   174 60
Total non-interest income 6,940 9,500 15,540 20,102
Total income before non-interest expense 26,559 23,711 53,233 47,366
Non-interest expense:        
Salaries and employee benefits 12,945 9,643 25,003 19,504
Occupancy and equipment 1,892 1,443 3,774 2,852
Professional services 2,027 1,370 3,553 2,649
Technology and information systems 1,076 904 2,122 1,846
Data processing 987 1,093 2,174 2,108
Marketing 428 398 985 719
Amortization of other intangible assets 77 4 154 8
Net (gain)/loss on assets held for sale (2)   (3)  
Other 1,153 668 2,179 1,453
Total non-interest expense 20,583 15,523 39,941 31,139
Income before income taxes 5,976 8,188 13,292 16,227
Income tax expense 1,494 1,911 3,286 3,951
Net income available to common shareholders $ 4,482 $ 6,277 $ 10,006 $ 12,276
Earnings per common share:        
Basic $ 0.47 $ 0.79 $ 1.06 $ 1.54
Diluted $ 0.46 $ 0.76 $ 1.03 $ 1.50