In millions, except per share items | Jun-30-23 | Mar-31-23 | Dec-31-22 | Sep-30-22 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 |
| 10-Q | 10-Q | 8-K | 8-K | 10-Q | 10-Q | 10-K | 8-K |
INTEREST INCOME | | | | | | | | |
Loans, including fees | 98.0 | 80.1 | | | 69.3 | 64.9 | | |
|
Investment securities: | | | | | | | | |
Taxable | 7.8 | 6.7 | | | 4.8 | 2.2 | | |
Tax-exempt | 0.8 | 0.8 | | | 0.7 | 0.6 | | |
Other interest-bearing balances | 0.2 | 0.1 | 0.1 | 0.0 | 0.0 | | | |
Federal funds sold | 0.1 | 0.8 | | | 1.1 | 0.4 | | |
Total Interest Income | 196.6 | 178.2 | 165.6 | 151.5 | 139.3 | 131.8 | 123.3 | 122.6 |
|
INTEREST EXPENSE | | | | | | | | |
Deposits | 29.9 | 14.0 | | | 9.8 | 10.7 | 11.3 | 12.0 |
Short-term borrowings | 3.0 | 1.5 | | | | | | |
Long-term and subordinated debt | 2.9 | 2.9 | 3.2 | 2.5 | 1.7 | 0.9 | | |
Total Interest Expense | 46.1 | 28.7 | 17.8 | 12.9 | 13.1 | 14.1 | 14.8 | 15.6 |
Net Interest Income | 150.5 | 149.5 | 147.8 | 138.6 | 126.2 | 117.7 | 108.6 | 107.0 |
|
Provisions | | | | | | | | |
Net Interest Income After Provision for Credit Losses - Loans | 146.8 | 145.2 | 143.5 | 105.5 | 67.6 | 59.6 | | |
|
NONINTEREST INCOME | | | | | | | | |
Non-interest Income | | | | | | | | |
Net gain on sales of SBA loans | 0.1 | | | | 0.1 | 0.3 | | |
Earnings from cash surrender value of life insurance | 0.5 | 0.5 | | | 0.5 | 0.3 | | |
Other | 7.6 | 7.1 | 7.8 | 5.8 | 4.8 | 4.4 | 3.6 | 3.3 |
Total Noninterest Income | 22.2 | 22.2 | 23.7 | 22.6 | 22.1 | 22.6 | 21.5 | 21.9 |
|
NONINTEREST EXPENSE | | | | | | | | |
Salaries and employee benefits | 28.9 | 26.2 | | | 25.6 | 23.2 | | |
Software licensing and utilization | 4.0 | 3.8 | | | 3.9 | 3.6 | | |
Occupancy, net | 3.6 | 3.5 | | | 3.5 | 3.1 | | |
Equipment | 4.9 | 4.7 | 4.5 | 4.1 | 3.7 | 3.4 | 3.1 | 3.0 |
Shares tax | 2.7 | 2.5 | 2.5 | 2.3 | 1.4 | 0.9 | | |
Legal and professional fees | 2.8 | 2.9 | 2.8 | 2.2 | 2.3 | 2.2 | 2.0 | 2.2 |
Intangible amortization | 1.8 | 1.9 | 2.0 | 1.9 | 1.6 | 1.4 | 1.2 | 1.3 |
FDIC Assessment | 1.5 | 1.3 | 1.6 | 1.9 | 2.1 | 2.0 | 1.9 | 1.8 |
Merger and acquisition | 5.2 | 0.2 | | | | | | |
Post-acquisition restructuring | 3.0 | | | | | 0.3 | | |
Other | 8.6 | 8.3 | | | 8.4 | 7.2 | | |
Total Noninterest Expense | 111.8 | 100.2 | 99.8 | 108.4 | 103.8 | 99.3 | 91.1 | 78.5 |
Provision for income taxes | 9.9 | 12.6 | 12.5 | 8.9 | 7.6 | 7.1 | 6.7 | 8.7 |
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS | 16.1 | 23.5 | | | 23.6 | 21.0 | | |
|
PER COMMON SHARE DATA: | | | | | | | | |
Basic Earnings Per Common Share (in dollars per share) | $2.96 | $3.44 | $3.44 | $2.31 | $2.20 | $2.36 | $2.76 | $3.97 |
Diluted earnings per common share (in dollars per share) | $2.95 | $3.43 | $3.44 | $2.31 | $2.20 | $2.36 | $2.75 | $3.95 |
|
Weighted average common shares outstanding (diluted) | 16.0 | 15.9 | 15.9 | 12.0 | 10.8 | 9.4 | | 9.6 |