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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income    
Loans, including fees $ 44,743 $ 37,000
Federal funds sold and interest bearing due from banks 282 66
Mortgage loans held for sale 24 64
Federal Home Loan Bank stock 54 57
Securities Investment:    
Taxable 4,680 2,295
Tax-exempt 201 36
Total interest income 49,984 39,518
Interest expense    
Deposits 1,171 1,510
Securities sold under agreements to repurchase 17 5
Federal funds purchased and other short-term borrowings 3 2
Subordinated debentures 33 0
Federal Home Loan Bank advance 0 176
Total interest expense 1,224 1,693
Net interest income 48,760 37,825
Provision for credit losses 2,279 (1,475)
Net interest income after credit loss expense 46,481 39,300
Non-interest income:    
Mortgage banking income [1] 1,003 1,444
Bank owned life insurance [1] 266 161
Total non-interest income 19,203 13,844
Non-interest expenses    
Compensation 17,969 12,827
Employee benefits 4,539 3,261
Net occupancy and equipment 3,025 2,045
Technology and communication 3,419 2,346
Debit and credit card processing 1,337 705
Marketing and business development 772 524
Postage, printing and supplies 733 409
Legal and professional 650 462
FDIC insurance 645 405
Amortization of investments in tax credit partnerships 88 31
Capital and deposit based taxes 518 458
Merger expenses 19,500 400
Intangible amortization 713 77
Other 2,389 1,023
Total non-interest expenses 56,297 24,973
Income before income tax expense 9,387 28,171
Income tax expense 1,445 5,461
Net income 7,942 22,710
Less income attributed to noncontrolling interest 36 0
Net Income available to stockholders $ 7,906 $ 22,710
Net income per common share, basic (in dollars per share) $ 0.29 $ 1.00
Net income per common share, diluted (in dollars per share) $ 0.29 $ 0.99
Weighted average outstanding shares    
Basic (in shares) 27,230 22,622
Diluted (in shares) 27,485 22,865
Fiduciary and Trust [Member]    
Non-interest income:    
Non-interest income $ 8,469 $ 6,248
Deposit Account [Member]    
Non-interest income:    
Non-interest income 1,863 944
Credit and Debit Card [Member]    
Non-interest income:    
Non-interest income 4,119 2,273
Treasury Management [Member]    
Non-interest income:    
Non-interest income 1,904 1,540
Investment Advisory, Management and Administrative Service [Member]    
Non-interest income:    
Non-interest income 607 464
Product and Service, Other [Member]    
Non-interest income:    
Non-interest income $ 972 $ 770
[1] Outside of the scope of ASC 606.