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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income:      
Loans, including fees $ 133,169 $ 116,808 $ 105,635
Securities, taxable 11,637 15,836 15,211
Securities, exempt from Federal tax 1,908 2,148 2,225
Other investments, interest-bearing deposits in other financial institutions and Federal funds sold 3,757 7,867 6,774
Total interest income 150,471 142,659 129,845
Interest expense:      
Deposits 6,260 8,159 5,506
Subordinated debt 2,320 2,686 2,314
Short-term borrowings 1 2 2
Total interest expense 8,581 10,847 7,822
Net interest income before provision for credit losses on loans 141,890 131,812 122,023
Provision for credit losses on loans 13,233 846 7,421
Net interest income after provision for credit losses on loans 128,657 130,966 114,602
Noninterest income:      
Increase in cash surrender value of life insurance 1,845 1,404 1,045
Gain on sales of SBA loans 839 689 698
Servicing income 673 636 709
Gain on sales of securities 277 661 266
Other 2,638 2,344 2,743
Total noninterest income 9,922 10,244 9,574
Noninterest expense:      
Salaries and employee benefits 50,927 50,754 43,762
Occupancy and equipment 8,018 6,647 5,411
Professional fees 5,338 3,259 1,969
Other 25,228 24,238 24,379
Total noninterest expense 89,511 84,898 75,521
Income before income taxes 49,068 56,312 48,655
Income tax expense 13,769 15,851 13,324
Net income $ 35,299 $ 40,461 $ 35,331
Earnings per common share:      
Basic (in dollars per share) $ 0.59 $ 0.87 $ 0.85
Diluted (in dollars per share) $ 0.59 $ 0.84 $ 0.84
Service charges and fees on deposit accounts      
Noninterest income:      
Non-interest income $ 2,859 $ 4,510 $ 4,113
Revenue, Product and Service [Extensible List] Service charges and fees on deposit accounts Service charges and fees on deposit accounts Service charges and fees on deposit accounts
Gain on the disposition of foreclosed assets      
Noninterest income:      
Non-interest income $ 791    
Revenue, Product and Service [Extensible List] Gain on the disposition of foreclosed assets Gain on the disposition of foreclosed assets Gain on the disposition of foreclosed assets