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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
INTEREST INCOME    
Interest and Fees on Loans $ 49,061 $ 38,935
Interest on Federal Funds Sold and Other Short-term Investments 345 280
Interest and Dividends on Securities:    
Taxable 5,396 4,520
Non-taxable 5,687 5,540
TOTAL INTEREST INCOME 60,489 49,275
INTEREST EXPENSE    
Interest on Deposits 8,971 1,329
Interest on FHLB Advances and Other Borrowings 2,509 1,038
TOTAL INTEREST EXPENSE 11,480 2,367
NET INTEREST INCOME 49,009 46,908
Provision for Credit Losses 1,100 5,200
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 47,909 41,708
NON-INTEREST INCOME    
Company Owned Life Insurance 401 458
Other Operating Income 1,211 1,268
Net Gains on Sales of Loans 587 1,421
Net Gains on Securities 2 372
TOTAL NON-INTEREST INCOME 14,967 16,188
NON-INTEREST EXPENSE    
Salaries and Employee Benefits 21,846 23,088
Occupancy Expense 2,910 2,879
Furniture and Equipment Expense 910 930
FDIC Premiums 741 476
Data Processing Fees 2,755 7,724
Professional Fees 1,562 2,363
Advertising and Promotion 1,167 1,138
Intangible Amortization 785 1,017
Other Operating Expenses 4,940 8,545
TOTAL NON-INTEREST EXPENSE 37,616 48,160
Income before Income Taxes 25,260 9,736
Income Tax Expense 4,453 669
NET INCOME $ 20,807 $ 9,067
Basic Earnings Per Share (in dollars per share) $ 0.71 $ 0.31
Diluted Earnings Per Share (in dollars per share) $ 0.71 $ 0.31
Wealth Management Fees    
NON-INTEREST INCOME    
Non-interest income $ 2,644 $ 2,638
Service Charges on Deposit Accounts    
NON-INTEREST INCOME    
Non-interest income 2,788 2,683
Insurance Revenues    
NON-INTEREST INCOME    
Non-interest income 3,135 3,721
Interchange Fee Income    
NON-INTEREST INCOME    
Non-interest income $ 4,199 $ 3,627