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Condensed Consolidated Statements of Income and Comprehensive Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Interest and fees on loans, including loans held for sale $ 40,465 $ 40,910
Interest and dividends on securities    
Taxable 3,046 3,163
Tax exempt 527 678
Interest and dividends on Federal Reserve Bank and Federal Home Loan Bank stock 140 296
Interest on Federal Reserve Bank deposits 496 786
Other, including interest on federal funds sold 25 56
Total interest income 44,699 45,889
Interest expense:    
Interest on deposits 6,942 8,075
Interest on repurchase agreements and federal funds purchased 1,004 1,156
Interest on advances from Federal Home Loan Bank 0 39
Interest on long-term debt 509 636
Total interest expense 8,455 9,906
Net interest income 36,244 35,983
Provision for credit losses 12,707 [1] 190
Net interest income after provision for credit losses 23,537 35,793
Noninterest income:    
Service charges on deposit accounts 5,916 6,120
Gains on sales of loans, net 483 330
Trust and wealth management income 2,884 2,575
Loan related fees 95 573
Bank owned life insurance 573 558
Brokerage revenue 372 261
Securities gains 249 356
Other noninterest income 949 1,397
Total noninterest income 11,521 12,170
Noninterest expense:    
Officer salaries and employee benefits 2,751 3,374
Other salaries and employee benefits 12,280 12,585
Occupancy, net 1,985 2,051
Equipment 721 739
Data processing 1,978 1,763
Bank franchise tax 1,812 1,715
Legal fees 477 430
Professional fees 569 531
Advertising and marketing 634 792
FDIC insurance 147 177
Other real estate owned provision and expense 869 771
Repossession expense 135 377
Amortization of limited partnership investments 888 777
Other noninterest expense 2,975 3,001
Total noninterest expense 28,221 29,083
Income before income taxes 6,837 18,880
Income taxes 258 3,941
Net income 6,579 14,939
Unrealized holding gains on securities available-for-sale:    
Unrealized holding gains arising during the period 2,147 6,124
Less: Reclassification adjustments for realized gains included in net income 481 1
Tax expense 433 1,286
Other comprehensive income, net of tax 1,233 4,837
Comprehensive income $ 7,812 $ 19,776
Basic earnings per share (in dollars per share) $ 0.37 $ 0.84
Diluted earnings per share (in dollars per share) $ 0.37 $ 0.84
Weighted average shares outstanding-basic (in shares) 17,752 17,712
Weighted average shares outstanding-diluted (in shares) 17,763 17,723
[1] *Effective January 1, 2020, the provision for loan losses became the provision for credit losses with the implementation of ASU 2016-13, commonly referred to as CECL.