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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest income:      
Loans, including fees $ 89,219 $ 84,272 $ 82,828
Securities:      
Taxable 6,573 4,863 4,619
Tax-exempt 1,408 1,342 1,438
Federal funds sold 21 0 26
Restricted equity securities 640 576 755
Interest-bearing deposits in financial institutions 598 799 1,881
Total interest income 98,459 91,852 91,547
Interest expense:      
Interest-bearing deposits 1,626 3,868 7,538
Savings and money market accounts 1,203 5,196 7,266
Time deposits 2,873 5,317 7,542
Federal funds purchased 0 0 4
Securities sold under agreements to repurchase 0 0 5
Federal Home Loan Bank advances 12 356 1,444
Subordinated notes 1,575 792 0
Total interest expense 7,289 15,529 23,799
Net interest income 91,170 76,323 67,748
Provision for loan losses (1,066) 11,479 761
Net interest income after provision for loan losses 92,236 64,844 66,987
Noninterest income:      
Deposit service charges 4,515 3,494 3,135
Interchange and debit card transaction fees 4,816 3,172 3,251
Mortgage banking 16,058 25,034 9,467
Tri-Net 8,613 3,693 2,785
Wealth management 1,850 1,573 1,425
SBA lending 2,060 1,440 803
Net gain (loss) on sale of securities 28 125 (99)
Other noninterest income 4,741 4,717 3,507
Total noninterest income 42,681 43,248 24,274
Noninterest expense:      
Salaries and employee benefits 41,758 45,252 35,542
Data processing and software 11,248 8,865 6,961
Occupancy 4,205 3,590 3,345
Equipment 3,507 3,195 3,723
Professional services 2,155 2,224 2,102
Regulatory fees 1,031 1,261 591
Acquisition related expenses 323 5,390 2,654
Amortization of intangibles 1,939 1,824 1,655
Other noninterest expense 7,375 5,760 5,422
Total noninterest expense 73,541 77,361 61,995
Net Income before income tax expense 61,376 30,731 29,266
Income tax expense 12,699 6,035 6,844
Net income $ 48,677 $ 24,696 $ 22,422
Per share information:      
Basic net income per share of common stock $ 2.20 $ 1.22 $ 1.25
Diluted net income per share of common stock $ 2.19 $ 1.22 $ 1.20
Weighted average shares outstanding:      
Basic 22,127,919 20,162,038 17,886,164
Diluted 22,179,461 20,185,589 18,613,224