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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income:      
Loans, including fees $ 216,138 $ 164,073 $ 137,699
Federal funds sold and interest bearing due from banks 6,018 645 738
Mortgage loans held for sale 190 249 533
Federal Home Loan Bank stock 505 262 253
Investment securities:      
Taxable 27,302 11,575 8,432
Tax-exempt 1,499 272 216
Total interest income 251,652 177,076 147,871
Interest expense:      
Deposits 16,412 5,627 10,478
Securities sold under agreements to repurchase 567 24 37
Federal funds purchased and other short-term borrowing 154 14 35
Subordinated debentures 1,124 0 0
Federal Home Loan Bank advances 12 337 1,400
Total interest expense 18,269 6,002 11,950
Net interest income 233,383 171,074 135,921
Provision for credit losses 10,257 (753) 18,418
Net interest income after provision expense 223,126 171,827 117,503
Non-interest income:      
Mortgage banking income [1] 3,210 4,724 6,155
Bank owned life insurance [1] 1,597 914 693
Gain (loss) on sale of premises and equipment [1] 4,369 (78) 150
Total non-interest income 89,149 65,850 51,899
Non-interest expenses:      
Compensation 86,640 63,034 51,368
Employee benefits 16,568 13,479 11,064
Net occupancy and equipment 14,298 9,688 8,182
Technology and communication 14,897 11,145 8,732
Debit and credit card processing 5,909 4,494 2,606
Marketing and business development 5,005 4,150 2,383
Postage, printing and supplies 3,354 2,213 1,778
Legal and professional 2,943 2,583 2,392
FDIC insurance 2,758 1,847 1,217
Amortization of investments in tax credit partnerships 353 367 3,096
Capital and deposit based taxes 2,621 2,090 4,386
Merger expenses 19,500 19,025 0
Federal Home Loans Bank early termination penalty 0 474 0
Intangible amortization 5,544 770 323
Loss on disposition of LFA 870 0 0
Other 10,531 6,921 4,132
Total non-interest expenses 191,791 142,280 101,659
Income before income tax expense 120,484 95,397 67,743
Income tax expense 27,190 20,752 8,874
Net income 93,294 74,645 58,869
Less income attributed to non-controlling interest 322 0 0
Net income available to stockholders $ 92,972 $ 74,645 $ 58,869
Net income per share - basic (in dollars per share) $ 3.24 $ 3.00 $ 2.61
Net income per share - diluted (in dollars per share) $ 3.21 $ 2.97 $ 2.59
Weighted average outstanding shares:      
Basic (in shares) 28,672 24,898 22,563
Diluted (in shares) 28,922 25,156 22,768
Fiduciary and Trust [Member]      
Non-interest income:      
Non-interest income $ 36,111 $ 27,613 $ 23,406
Deposit Account [Member]      
Non-interest income:      
Non-interest income 8,286 5,852 4,161
Credit and Debit Card [Member]      
Non-interest income:      
Non-interest income 18,623 13,456 8,480
Treasury Management [Member]      
Non-interest income:      
Non-interest income 8,590 6,912 5,407
Investment Advisory, Management and Administrative Service [Member]      
Non-interest income:      
Non-interest income 3,063 2,553 1,775
Product and Service, Other [Member]      
Non-interest income:      
Non-interest income $ 5,300 $ 3,904 $ 1,672
[1] Outside of the scope of ASC 606.