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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Interest income    
Loans and leases $ 89,160 $ 96,229
Securities 4,187 4,637
Short-term investments 832 1,174
Total interest income 94,179 102,040
Interest expense    
Deposits 8,922 22,958
Federal Home Loan Bank advances and other borrowings 7,070 8,114
Junior subordinated notes 1,116 1,112
Total interest expense 17,108 32,184
Net interest income 77,071 69,856
Provision for loan and lease losses 16,808 2,085
Net interest income after provision for loan and lease losses 60,263 67,771
Non-interest income    
Private wealth management service fees 8,611 8,197
Gain on sale of Small Business Administration loans 2,899 1,459
Service charges on deposits 3,415 3,104
Loan fees 1,826 1,767
Increase in cash surrender value of bank-owned life insurance 1,402 1,198
Net loss on sale of securities (4) (46)
Swap fees 6,860 4,165
Other non-interest income 1,931 3,579
Total non-interest income 26,940 23,423
Non-interest expense    
Compensation 45,850 42,021
Occupancy 2,252 2,293
Professional fees 3,530 3,703
Data processing 2,734 2,562
Marketing 1,580 2,221
Equipment 1,199 1,230
Computer software 3,900 3,414
FDIC insurance 1,238 641
Collateral liquidation costs 328 119
Net loss on foreclosed properties 383 224
Impairment of tax credit investments 2,395 4,094
SBA recourse provision (278) 188
Gain (Loss) on Extinguishment of Debt 744 0
Other non-interest expense 3,043 3,985
Total non-interest expense 68,898 66,695
Income before income tax expense 18,305 24,499
Income tax expense 1,327 1,175
Net income $ 16,978 $ 23,324
Earnings per common share:    
Basic $ 1.97 $ 2.68
Diluted 1.97 2.68
Dividends declared per share $ 0.66 $ 0.60