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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income        
Interest and fees on loans $ 39,058 $ 30,765 $ 102,047 $ 94,723
Securities 3,046 1,435 8,275 3,940
Interest-bearing deposits at other financial institutions 2,408 340 3,994 740
Equity investments 161 157 473 461
Total interest income 44,673 32,697 114,789 99,864
Interest expense        
Deposits 1,661 1,227 4,003 3,844
Federal Home Loan Bank advances   221 272 663
Total interest expense 1,661 1,448 4,275 4,507
Net interest income 43,012 31,249 110,514 95,357
Provision (recapture) for credit losses:        
Provision (recapture) for credit losses for loans 523 (5,057) 1,022 (8,961)
Provision (recapture) for credit losses for unfunded commitments 489 162 551 (605)
Total provision (recapture) for credit losses 1,012 (4,895) 1,573 (9,566)
Net interest income after provision (recapture) for credit losses 42,000 36,144 108,941 104,923
Noninterest income        
Total noninterest income 3,449 5,562 12,324 12,164
Noninterest expense        
Salaries and employee benefits 16,453 15,000 46,405 43,922
Occupancy expense 2,595 2,660 7,362 7,778
Professional and director fees 942 1,567 2,963 5,711
Data processing and software 1,502 1,629 4,723 4,866
Regulatory fees 599 478 2,016 1,535
Advertising, marketing and business development 350 493 965 1,288
Telephone and communications 348 516 1,151 1,529
Security and protection expense 386 425 880 1,352
Amortization of intangibles 165 182 518 559
Other expenses 5,981 1,422 10,748 4,314
Total noninterest expense 29,321 24,372 77,731 72,854
Net income before income tax expense 16,128 17,334 43,534 44,233
Income tax expense 3,381 2,913 8,485 8,090
Net income $ 12,747 $ 14,421 $ 35,049 $ 36,143
Earnings per common share        
Basic $ 0.52 $ 0.59 $ 1.43 $ 1.48
Diluted $ 0.52 $ 0.59 $ 1.43 $ 1.47
Deposit account service charges        
Noninterest income        
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,320 $ 1,352 $ 4,076 $ 3,712
Card interchange fees        
Noninterest income        
Revenue from Contract with Customer, Excluding Assessed Tax 1,056 1,048 3,228 3,119
Earnings on bank-owned life insurance        
Noninterest income        
Revenue Not from Contract with Customer, Excluding Interest Income 376 2,323 1,118 3,103
Net gain on sales of assets        
Noninterest income        
Revenue from Contract with Customer, Excluding Assessed Tax 85 360 673 918
Other.        
Noninterest income        
Revenue from Contract with Customer, Excluding Assessed Tax $ 612 $ 479 $ 3,229 $ 1,312