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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
INTEREST AND DIVIDEND INCOME        
Loans, including fees $ 83,035 $ 66,914 $ 218,646 $ 204,088
Investment Securities:        
Taxable 6,305 4,176 17,236 11,532
Tax-exempt 380 595 1,346 2,098
Dividends 115 84 315 409
Total Interest and Dividend Income 89,835 71,769 237,543 218,127
INTEREST EXPENSE        
Deposits 5,197 2,439 8,840 8,572
Borrowings and junior subordinated debt securities 840 619 1,978 1,881
Total Interest Expense 6,037 3,058 10,818 10,453
NET INTEREST INCOME 83,798 68,711 226,725 207,674
Provision for credit losses 2,498 3,388 5,190 9,087
Net Interest Income After Provision for Credit Losses 81,300 65,323 221,535 198,587
NONINTEREST INCOME        
Net gain on sale of securities 198 0 198 29
Mortgage banking 425 2,162 1,906 8,206
Other 1,824 1,718 3,736 6,257
Total Noninterest Income 14,760 15,846 42,616 48,593
NONINTEREST EXPENSE        
Salaries and employee benefits 26,700 25,228 75,223 73,070
Data processing and information technology 4,220 4,001 12,759 12,012
Occupancy 3,490 3,660 11,006 10,921
Furniture, equipment and software 2,915 2,745 8,631 7,787
Professional services and legal 1,851 1,550 6,180 4,718
Other taxes 1,559 1,830 4,778 5,098
Marketing 1,367 890 4,252 3,208
FDIC insurance 598 1,210 2,417 3,180
Other 6,933 6,127 20,225 18,742
Total Noninterest Expense 49,633 47,241 145,471 138,736
Income Before Taxes 46,427 33,928 118,680 108,444
Income tax expense 9,178 6,330 23,430 20,578
Net Income $ 37,249 $ 27,598 $ 95,250 $ 87,866
Earnings per share—basic (in dollars per share) $ 0.95 $ 0.71 $ 2.43 $ 2.25
Earnings per share—diluted (in dollars per share) 0.95 0.70 2.43 2.24
Dividends declared per share (in dollars per share) $ 0.30 $ 0.28 $ 0.89 $ 0.84
Comprehensive (Loss) Income $ (10,547) $ 22,964 $ (12,627) $ 77,866
Debit and credit card        
NONINTEREST INCOME        
Revenues from contract with customers 4,768 4,579 14,587 13,486
Service charges on deposit accounts        
NONINTEREST INCOME        
Revenues from contract with customers 4,333 3,923 12,488 11,039
Wealth management        
NONINTEREST INCOME        
Revenues from contract with customers $ 3,212 $ 3,464 $ 9,701 $ 9,576