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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income:    
Loans, including fees $ 68,787 $ 44,743
Federal funds sold and interest bearing due from banks 1,581 282
Mortgage loans held for sale 41 24
Federal Home Loan Bank stock 165 54
Investment securities:    
Taxable 8,446 4,680
Tax-exempt 447 201
Total interest income 79,467 49,984
Interest expense:    
Deposits 13,499 1,171
Securities sold under agreements to repurchase 456 17
Federal funds purchased and other short-term borrowings 177 3
Subordinated debentures 1,734 33
Federal Home Loan Bank advances 529 0
Total interest expense 16,395 1,224
Net interest income 63,072 48,760
Provision for credit losses 2,625 2,279
Net interest income after provision expense 60,447 46,481
Non-interest income:    
Mortgage banking income [1] 1,038 1,003
Bank owned life insurance [1] 549 266
Gain (loss) on sale of premises and equipment [1] (2) 0
Total non-interest income 22,047 19,203
Non-interest expenses:    
Compensation 21,896 17,969
Employee benefits 5,053 4,539
Net occupancy and equipment 3,899 3,025
Technology and communication 4,251 3,419
Debit and credit card processing 1,419 1,337
Marketing and business development 1,095 772
Postage, printing and supplies 874 733
Legal and professional 797 650
FDIC insurance 1,135 645
Amortization of investments in tax credit partnerships 323 88
Capital and deposit based taxes 639 518
Merger expenses 0 19,500
Intangible amortization 1,180 713
Other 2,753 2,389
Total non-interest expenses 45,314 56,297
Income before income tax expense 37,180 9,387
Income tax expense 8,132 1,445
Net income 29,048 7,942
Less income attributed to non-controlling interest 0 36
Net income available to stockholders $ 29,048 $ 7,906
Net income per common share - basic (in dollars per share) $ 1.00 $ 0.29
Net income per common share - diluted (in dollars per share) $ 0.99 $ 0.29
Weighted average outstanding shares    
Basic (in shares) 29,178 27,230
Diluted (in shares) 29,365 27,485
Fiduciary and Trust [Member]    
Non-interest income:    
Non-interest income $ 9,527 $ 8,243
Deposit Account [Member]    
Non-interest income:    
Non-interest income 2,149 1,863
Credit and Debit Card [Member]    
Non-interest income:    
Non-interest income 4,482 4,119
Treasury Management [Member]    
Non-interest income:    
Non-interest income 2,318 1,904
Investment Advisory, Management and Administrative Service [Member]    
Non-interest income:    
Non-interest income 754 607
Product and Service, Other [Member]    
Non-interest income:    
Non-interest income $ 1,232 $ 1,198
[1] Outside of the scope of ASC 606.