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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest Income:        
Loans and leases, including fees $ 28,323 $ 28,663 $ 56,341 $ 55,097
Securities available-for-sale:        
Taxable 916 589 1,640 1,268
Tax-exempt 304 416 563 699
Federal funds sold and other earning assets 309 277 600 879
Total interest income 29,852 29,945 59,144 57,943
Interest Expense:        
Deposits 2,248 3,366 4,579 8,120
Borrowings 123 249 241 339
Subordinated debt 584 584 1,167 1,167
Total interest expense 2,955 4,199 5,987 9,626
Net interest income 26,897 25,746 53,157 48,317
Provision for loan and lease losses (5) 2,850 62 6,049
Net interest income after provision for loan losses 26,902 22,896 53,095 42,268
Noninterest Income:        
Service charges on deposit accounts 1,048 709 2,057 1,479
Gain on sale of securities   16   16
Mortgage banking 1,105 931 2,244 1,515
Investment services 567 363 1,098 801
Insurance commissions 557 473 2,023 742
Interchange and debit card transaction fees, net 922 508 1,761 784
Other 944 511 1,652 993
Total noninterest income 5,143 3,511 10,835 6,330
Noninterest Expense:        
Salaries and employee benefits 12,203 10,357 23,072 20,363
Occupancy and equipment 2,294 1,996 4,635 3,906
FDIC insurance 371 180 741 360
Other real estate and loan related expenses 506 346 1,108 892
Advertising and marketing 230 202 419 400
Data processing and technology 1,509 1,155 2,889 2,163
Professional services 849 868 1,490 1,578
Amortization of intangibles 441 405 886 767
Merger related and restructuring expenses 372 1,477 475 3,573
Other 2,022 1,820 4,547 3,598
Total noninterest expenses 20,797 18,806 40,262 37,600
Income before income tax expense 11,248 7,601 23,668 10,998
Income tax expense 2,470 1,427 5,134 2,091
Net income $ 8,778 $ 6,174 $ 18,534 $ 8,907
Earnings per common share:        
Basic (in dollars per share) $ 0.59 $ 0.41 $ 1.24 $ 0.60
Diluted (in dollars per share) $ 0.58 $ 0.41 $ 1.23 $ 0.60
Weighted average common shares outstanding:        
Basic (in shares) 15,003,657 15,152,768 15,007,593 14,773,935
Diluted (in shares) 15,126,184 15,202,335 15,118,924 14,842,486