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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Interest Income        
Interest and fees on loans $ 51,419 $ 37,092 $ 143,392 $ 96,964
Interest on securities        
Taxable 5,865 5,329 17,668 14,831
Tax-exempt 3,409 2,284 9,775 5,584
Other investments 1,739 220 3,481 651
Total Interest Income 62,432 44,925 174,316 118,030
Interest Expense        
Deposits 20,743 3,625 51,964 5,608
Other borrowings and subordinated debt and debentures 2,262 1,403 6,134 3,463
Total Interest Expense 23,005 5,028 58,098 9,071
Net Interest Income 39,427 39,897 116,218 108,959
Provision for credit losses 1,350 3,145 6,827 3,951
Net Interest Income After Provision for Credit Losses 38,077 36,752 109,391 105,008
Non-interest Income        
Interchange income 4,100 4,049 10,660 10,553
Service charges on deposit accounts 3,309 3,082 9,300 9,135
Net gains (losses) on assets        
Mortgage loans 2,099 2,857 5,475 4,945
Securities available for sale 0 0 (222) (275)
Mortgage loan servicing, net 2,668 4,283 7,068 18,086
Other 3,435 2,590 9,298 7,997
Total Non-interest Income 15,611 16,861 41,579 50,441
Non-interest Expense        
Compensation and employee benefits 19,975 20,601 59,916 60,613
Data processing 3,071 2,653 8,953 7,513
Occupancy, net 1,971 2,062 5,975 6,682
Interchange expense 1,119 927 3,222 3,200
Furniture, fixtures and equipment 927 987 2,782 3,074
FDIC deposit insurance 677 591 2,209 1,570
Communications 568 723 1,871 2,242
Loan and collection 520 772 1,718 1,978
Legal and professional 543 573 1,623 1,545
Advertising 360 345 1,286 1,585
Costs (recoveries) related to unfunded lending commitments 451 382 76 676
Other 1,854 1,750 5,610 5,572
Total Non-interest Expense 32,036 32,366 95,241 96,250
Income Before Income Tax 21,652 21,247 55,729 59,199
Income tax expense 4,109 3,950 10,405 10,934
Net Income $ 17,543 $ 17,297 $ 45,324 $ 48,265
Net Income Per Common Share        
Basic (in dollars per share) $ 0.84 $ 0.82 $ 2.16 $ 2.29
Diluted (in dollars per share) $ 0.83 $ 0.81 $ 2.14 $ 2.27