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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
INTEREST AND DIVIDEND INCOME        
Loans, including fees $ 114,258 $ 83,035 $ 325,681 $ 218,646
Investment Securities:        
Taxable 7,857 6,305 23,120 17,236
Tax-exempt 213 380 642 1,346
Dividends 631 115 1,752 315
Total Interest and Dividend Income 122,959 89,835 351,195 237,543
INTEREST EXPENSE        
Deposits 24,910 5,197 59,915 8,840
Borrowings, junior subordinated debt securities and other 10,662 840 26,979 1,978
Total Interest Expense 35,572 6,037 86,894 10,818
NET INTEREST INCOME 87,387 83,798 264,301 226,725
Provision for credit losses 5,498 2,498 16,949 5,190
Net Interest Income After Provision for Credit Losses 81,889 81,300 247,352 221,535
NONINTEREST INCOME        
Net gain on sale of securities 0 198 0 198
Mortgage banking 294 425 884 1,906
Other 135 1,824 3,771 3,736
Total Noninterest Income 12,182 14,760 39,563 42,616
NONINTEREST EXPENSE        
Salaries and employee benefits 27,521 26,700 80,513 75,223
Data processing and information technology 4,479 4,220 12,914 12,759
Occupancy 3,671 3,490 11,216 11,006
Furniture, equipment and software 3,125 2,915 9,178 8,631
Professional services and legal 1,965 1,851 5,855 6,180
Marketing 1,741 1,367 5,053 4,252
Other taxes 1,831 1,559 4,943 4,778
FDIC insurance 1,029 598 3,073 2,417
Other 7,441 6,933 21,390 20,225
Total Noninterest Expense 52,803 49,633 154,135 145,471
Income Before Taxes 41,268 46,427 132,780 118,680
Income tax expense 7,800 9,178 25,046 23,430
Net Income $ 33,468 $ 37,249 $ 107,734 $ 95,250
Earnings per share—basic (in dollars per share) $ 0.88 $ 0.95 $ 2.79 $ 2.43
Earnings per share—diluted (in dollars per share) 0.87 0.95 2.78 2.43
Dividends declared per share (in dollars per share) $ 0.32 $ 0.30 $ 0.96 $ 0.89
Comprehensive Income (Loss) $ 21,875 $ (10,547) $ 94,223 $ (12,627)
Debit and credit card        
NONINTEREST INCOME        
Revenues from contract with customers 4,690 4,768 13,708 14,587
Service charges on deposit accounts        
NONINTEREST INCOME        
Revenues from contract with customers 4,060 4,333 12,064 12,488
Wealth management        
NONINTEREST INCOME        
Revenues from contract with customers $ 3,003 $ 3,212 $ 9,136 $ 9,701