Components of Non-Interest Income |
The following table summarizes the Company’s non-interest income for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended September 30, | | Nine months ended September 30, | (dollars in thousands) | 2020 | | 2019 | | 2020 | | 2019 | ATM and interchange fees | $ | 5,637 | | | $ | 5,427 | | | $ | 15,913 | | | $ | 15,412 | | Service charges on deposit accounts | 3,334 | | | 4,327 | | | 10,426 | | | 12,389 | | Other service fees | 805 | | | 808 | | | 2,296 | | | 2,198 | | Mortgage banking service fees | 457 | | | 483 | | | 1,386 | | | 1,441 | | Change in value of mortgage servicing rights | 236 | | | (455) | | | (2,258) | | | (1,652) | | Total service charges and fees | 10,469 | | | 10,590 | | | 27,763 | | | 29,788 | | Increase in cash value of life insurance | 773 | | | 773 | | | 2,203 | | | 2,294 | | Asset management and commission income | 667 | | | 721 | | | 2,244 | | | 2,102 | | Gain on sale of loans | 3,035 | | | 1,236 | | | 5,662 | | | 2,223 | | Lease brokerage income | 175 | | | 172 | | | 495 | | | 631 | | Sale of customer checks | 91 | | | 126 | | | 303 | | | 401 | | Gain on sale of investment securities | 7 | | | 107 | | | 7 | | | 107 | | Gain on marketable equity securities | — | | | 22 | | | 72 | | | 100 | | Other | (80) | | | 361 | | | (135) | | | 1,688 | | Total other non-interest income | 4,668 | | | 3,518 | | | 10,851 | | | 9,546 | | Total non-interest income | $ | 15,137 | | | $ | 14,108 | | | $ | 38,614 | | | $ | 39,334 | |
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Components of Non Interest Expense |
The components of non-interest expense were as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended September 30, | | Nine months ended September 30, | | 2020 | | 2019 | | 2020 | | 2019 | Base salaries, net of deferred loan origination costs | $ | 18,754 | | | $ | 17,656 | | | $ | 53,654 | | | $ | 51,624 | | Incentive compensation | 2,184 | | | 3,791 | | | 7,680 | | | 10,064 | | Benefits and other compensation costs | 8,383 | | | 5,452 | | | 22,314 | | | 17,058 | | Total salaries and benefits expense | 29,321 | | | 26,899 | | | 83,648 | | | 78,746 | | Occupancy | 3,440 | | | 3,711 | | | 10,713 | | | 11,223 | | Data processing and software | 3,561 | | | 3,411 | | | 10,585 | | | 10,114 | | Equipment | 1,549 | | | 1,679 | | | 4,411 | | | 5,298 | | Intangible amortization | 1,431 | | | 1,431 | | | 4,293 | | | 4,293 | | Advertising | 869 | | | 1,358 | | | 2,065 | | | 4,222 | | ATM and POS network charges | 1,314 | | | 1,343 | | | 3,897 | | | 3,936 | | Professional fees | 955 | | | 999 | | | 2,399 | | | 2,895 | | Telecommunications | 619 | | | 867 | | | 1,983 | | | 2,437 | | Regulatory assessments and insurance | 538 | | | 94 | | | 993 | | | 1,095 | | Postage | 118 | | | 438 | | | 691 | | | 1,063 | | Operational losses | 154 | | | 228 | | | 559 | | | 679 | | Courier service | 345 | | | 357 | | | 1,013 | | | 1,039 | | Gain on sale of foreclosed assets | — | | | (50) | | | (57) | | | (246) | | Loss on disposal of fixed assets | 22 | | | 2 | | | 37 | | | 82 | | Other miscellaneous expense | 2,478 | | | 3,577 | | | 9,783 | | | 11,617 | | Total other non-interest expense | 17,393 | | | 19,445 | | | 53,365 | | | 59,747 | | Total non-interest expense | $ | 46,714 | | | $ | 46,344 | | | $ | 137,013 | | | $ | 138,493 | |
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