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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest income:        
Interest and fees on loans, including loans held for sale $ 39,684 $ 41,264 $ 80,373 $ 81,729
Interest and dividends on securities        
Taxable 3,148 2,867 5,723 5,913
Tax exempt 795 596 1,534 1,123
Interest and dividends on Federal Reserve Bank and Federal Home Loan Bank stock 123 138 247 278
Interest on Federal Reserve Bank deposits 116 88 192 584
Other, including interest on federal funds sold 9 15 17 40
Total interest income 43,875 44,968 88,086 89,667
Interest expense:        
Interest on deposits 3,228 5,312 6,615 12,254
Interest on repurchase agreements and federal funds purchased 366 777 670 1,781
Interest on long-term debt 274 417 552 926
Total interest expense 3,868 6,506 7,837 14,961
Net interest income 40,007 38,462 80,249 74,706
Provision for credit losses (4,257) (49) (6,756) 12,658
Net interest income after provision for credit losses 44,264 38,511 87,005 62,048
Noninterest income:        
Service charges on deposit accounts 6,358 4,967 12,380 10,883
Gains on sales of loans, net 1,907 1,753 4,340 2,236
Trust and wealth management income 3,349 2,569 6,300 5,453
Loan related fees 1,004 822 3,274 917
Bank owned life insurance 581 564 1,154 1,137
Brokerage revenue 554 313 1,011 685
Securities gains 280 937 112 1,186
Other noninterest income 1,488 954 2,527 1,903
Total noninterest income 15,521 12,879 31,098 24,400
Noninterest expense:        
Officer salaries and employee benefits 5,379 3,104 9,117 5,855
Other salaries and employee benefits 13,581 12,049 26,676 24,329
Occupancy, net 2,018 1,938 4,213 3,923
Equipment 650 686 1,283 1,407
Data processing 1,870 1,875 4,029 3,853
Bank franchise tax 365 1,812 725 3,624
Legal fees 287 496 639 973
Professional fees 466 514 1,007 1,083
Advertising and marketing 710 568 1,432 1,202
FDIC insurance 323 294 649 441
Other real estate owned provision and expense 488 601 806 1,470
Repossession expense 12 175 211 310
Amortization of limited partnership investments 838 920 1,675 1,808
Other noninterest expense 2,511 2,877 5,346 5,852
Total noninterest expense 29,498 27,909 57,808 56,130
Income before income taxes 30,287 23,481 60,295 30,318
Income taxes 6,356 3,829 12,746 4,087
Net income 23,931 19,652 47,549 26,231
Unrealized holding gains (losses) on debt securities available-for-sale:        
Unrealized holding gains (losses) arising during the period 6,075 8,086 (7,381) 10,233
Less: Reclassification adjustments for realized gains on debt securities included in net income 0 564 60 1,045
Tax expense (benefit) 1,579 1,956 (1,935) 2,389
Other comprehensive income (loss), net of tax 4,496 5,566 (5,506) 6,799
Comprehensive income $ 28,427 $ 25,218 $ 42,043 $ 33,030
Basic earnings per share (in dollars per share) $ 1.35 $ 1.11 $ 2.67 $ 1.48
Diluted earnings per share (in dollars per share) $ 1.34 $ 1.11 $ 2.67 $ 1.48
Weighted average shares outstanding-basic (in shares) 17,784 17,739 17,779 17,746
Weighted average shares outstanding-diluted (in shares) 17,800 17,742 17,794 17,753