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Condensed Consolidated Statements of Income and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income:    
Interest and fees on loans, including loans held for sale $ 51,947 $ 38,167
Interest and dividends on securities    
Taxable 6,758 4,384
Tax exempt 682 772
Interest and dividends on Federal Reserve Bank and Federal Home Loan Bank stock 174 114
Interest on Federal Reserve Bank deposits 1,350 82
Other, including interest on federal funds sold 84 8
Total interest income 60,995 43,527
Interest expense:    
Interest on deposits 14,391 2,954
Interest on repurchase agreements and federal funds purchased 1,616 254
Interest on advances from Federal Home Loan Bank 43 0
Interest on long-term debt 1,029 287
Total interest expense 17,079 3,495
Net interest income 43,916 40,032
Provision for credit losses 1,116 875
Net interest income after provision for credit losses 42,800 39,157
Noninterest income:    
Deposit related fees 7,287 6,746
Gains on sales of loans, net 121 597
Trust and wealth management income 3,079 3,248
Loan related fees 845 2,062
Bank owned life insurance 858 691
Brokerage revenue 348 590
Securities gains 218 99
Other noninterest income 926 932
Total noninterest income 13,682 14,965
Noninterest expense:    
Officer salaries and employee benefits 4,152 3,882
Other salaries and employee benefits 14,756 13,656
Occupancy, net 2,302 2,245
Equipment 726 609
Data processing 2,303 2,201
Bank franchise tax 419 415
Legal fees 268 301
Professional fees 548 566
Advertising and marketing 820 752
FDIC insurance 606 355
Other real estate owned provision and expense 119 353
Repossession expense 231 100
Amortization of limited partnership investments 597 733
Other noninterest expense 4,043 3,191
Total noninterest expense 31,890 29,359
Income before income taxes 24,592 24,763
Income taxes 5,279 5,035
Net income 19,313 19,728
Unrealized holding gains (losses) on debt securities available-for-sale:    
Unrealized holding gains (losses) arising during the period 24,716 (78,564)
Less: Reclassification adjustments for realized gains included in net income 4 0
Tax expense (benefit) 7,997 (20,427)
Other comprehensive income (loss), net of tax 16,715 (58,137)
Comprehensive income (loss) $ 36,028 $ (38,409)
Basic earnings per share (in dollars per share) $ 1.08 $ 1.11
Diluted earnings per share (in dollars per share) $ 1.08 $ 1.11
Weighted average shares outstanding-basic (in shares) 17,872 17,820
Weighted average shares outstanding-diluted (in shares) 17,884 17,832