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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest Income:    
Loans, including fees $ 28,018 $ 26,434
Securities available-for-sale:    
Taxable 724 679
Tax-exempt 259 283
Federal funds sold and other earning assets 291 602
Total interest income 29,292 27,998
Interest Expense:    
Deposits 2,331 4,754
Borrowings 117 89
Subordinated debt 584 584
Total interest expense 3,032 5,427
Net interest income 26,260 22,571
Provision for loan losses 67 3,200
Net interest income after provision for loan losses 26,193 19,371
Noninterest Income:    
Service charges on deposit accounts 1,009 770
Mortgage banking 1,139 584
Investment services 531 437
Insurance commissions 1,466 269
Interchange and debit card transaction fees, net 839 276
Other 707 482
Total noninterest income 5,691 2,818
Noninterest Expense:    
Salaries and employee benefits 10,869 10,006
Occupancy and equipment 2,341 1,911
FDIC insurance 371 180
Other real estate and loan related expenses 602 545
Advertising and marketing 190 198
Data processing 1,379 1,008
Professional services 641 711
Amortization of intangibles 444 362
Merger related and restructuring expenses 103 2,096
Other 2,524 1,776
Total noninterest expenses 19,464 18,793
Income before income tax expense 12,420 3,396
Income tax expense 2,664 664
Net income $ 9,756 $ 2,732
Earnings per common share:    
Basic (in dollars per share) $ 0.65 $ 0.19
Diluted (in dollars per share) $ 0.65 $ 0.19
Weighted average common shares outstanding:    
Basic (in shares) 15,011,573 14,395,103
Diluted (in shares) 15,111,947 14,479,671