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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest Income    
Loans and fees $ 100,481 $ 67,809
Federal funds sold and interest-bearing deposits with banks 728 182
Taxable investment securities and other 11,554 6,709
Tax-exempt investment securities 1,642 1,302
Total Interest Income 114,405 76,002
Interest Expense    
Deposits 29,158 4,039
Federal funds purchased and securities sold under agreements to repurchase 7,222 20
Other borrowings 2,100 1,555
Total Interest Expense 38,480 5,614
Net Interest Income 75,925 70,388
Provision for credit losses (benefit) 7,893 6,272
Net Interest Income after Provision for Credit Losses 68,032 64,116
Noninterest Income    
Service charges on deposit accounts 2,789 2,626
Commissions and fees 1,925 2,106
Income on bank owned life insurance 776 830
Gain (loss) on equity securities 148 (485)
Gains on sales of loans held for sale 430 1,426
Swap income 56 0
Other income 141 277
Total Noninterest Income 6,265 6,780
Noninterest Expense    
Compensation and employee benefits 29,996 27,679
Premises and equipment 7,977 7,972
FDIC insurance expense 963 672
Data processing expense 1,862 1,670
Merger-related expenses 295 4,585
Other expenses 7,512 7,381
Total Noninterest Expense 48,605 49,959
Income before provision for income taxes 25,692 20,937
Provision for income taxes 5,887 5,008
Net Income $ 19,805 $ 15,929
Per Share of Common Stock    
Basic earnings (in usd per share) $ 0.30 $ 0.25
Diluted earnings (in usd per share) 0.30 0.25
Dividends (in usd per share) $ 0.145 $ 0.135