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CONSOLIDATED INCOME STATEMENTS - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income:        
Loans $ 82,032 $ 55,979 $ 154,059 $ 109,510
Securities 6,621 4,927 12,981 10,133
FHLB Stock, fed funds sold and interest-bearing deposits 1,318 497 2,075 898
Total interest income 89,971 61,403 169,115 120,541
Interest expense:        
Deposits 6,340 3,387 9,698 8,010
Borrowings 1,826 106 3,118 392
Total interest expense 8,166 3,493 12,816 8,402
Net interest income 81,805 57,910 156,299 112,139
Provision for credit losses 173 44 (619) 404
Net interest income after provision for credit losses 81,632 57,866 156,918 111,735
Noninterest income:        
Asset management, consulting and other fees $ 9,893 $ 8,748 $ 20,090 $ 17,097
Type of Revenue [Extensible List] us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember
Gain on sale of loans   $ 3,324   $ 3,324
Other income $ 3,507 1,963 $ 8,737 5,522
Total noninterest income 13,400 14,035 28,827 25,943
Noninterest expense:        
Compensation and benefits 27,634 20,203 57,455 41,729
Occupancy and depreciation 8,814 5,710 17,381 11,870
Professional services and marketing costs 3,030 3,907 6,447 6,029
Customer service costs 4,611 2,353 6,399 4,123
Other expenses 4,716 3,444 8,741 6,377
Total noninterest expense 48,805 35,617 96,423 70,128
Income before taxes on income 46,227 36,284 89,322 67,550
Taxes on income 12,911 10,230 25,170 19,141
Net income $ 33,316 $ 26,054 $ 64,152 $ 48,409
Net income per share:        
Basic $ 0.59 $ 0.58 $ 1.14 $ 1.08
Diluted $ 0.59 $ 0.58 $ 1.13 $ 1.07
Shares used in computation:        
Basic 56,471,470 44,792,358 56,468,678 44,750,272
Diluted 56,519,669 45,101,958 56,543,492 45,057,330