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CONSOLIDATED INCOME STATEMENTS - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income:        
Loans $ 100,978 $ 56,781 $ 255,037 $ 166,291
Securities 6,752 4,606 19,733 14,739
FHLB Stock, fed funds sold and interest-bearing deposits 1,016 602 3,091 1,500
Total interest income 108,746 61,989 277,861 182,530
Interest expense:        
Deposits 15,595 2,753 25,293 10,763
Borrowings 5,479 49 8,597 441
Total interest expense 21,074 2,802 33,890 11,204
Net interest income 87,672 59,187 243,971 171,326
Provision for credit losses (22) (417) (641) (13)
Net interest income after provision for credit losses 87,694 59,604 244,612 171,339
Noninterest income:        
Asset management, consulting and other fees $ 8,975 $ 9,313 $ 29,065 $ 26,410
Type of Revenue [Extensible List] us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember
Gain on sale of loans   $ 18,135   $ 21,459
Other income $ 3,209 3,232 $ 11,946 8,754
Total noninterest income 12,184 30,680 41,011 56,623
Noninterest expense:        
Compensation and benefits 29,531 23,241 86,986 64,970
Occupancy and depreciation 9,594 6,427 26,975 18,297
Professional services and marketing costs 3,039 2,700 9,486 8,729
Customer service costs 13,560 2,512 19,959 6,635
Other expenses 4,618 3,514 13,359 9,891
Total noninterest expense 60,342 38,394 156,765 108,522
Income before taxes on income 39,536 51,890 128,858 119,440
Taxes on income 10,530 14,664 35,700 33,805
Net income $ 29,006 $ 37,226 $ 93,158 $ 85,635
Net income per share:        
Basic $ 0.51 $ 0.83 $ 1.65 $ 1.91
Diluted $ 0.51 $ 0.83 $ 1.65 $ 1.90
Shares used in computation:        
Basic 56,387,451 44,819,743 56,441,305 44,773,683
Diluted 56,447,901 45,002,937 56,510,883 44,977,863