Non-interest Income and Expense (Tables)

6 Months Ended

Jun. 30, 2021

Other Income and Expenses [Abstract]

Components of Non-Interest Income

The following table summarizes the Company’s non-interest income for the periods indicated:

	Three months ended June 30,				Six months ended June 30,
(in thousands)	2021		2020		2021		2020
ATM and interchange fees	$	6,558	$	5,165	$	12,419	$	10,276
Service charges on deposit accounts	3,462		3,046		6,731		7,092
Other service fees	914		734		1,785		1,492
Mortgage banking service fees	467		459		930		928
Change in value of mortgage servicing rights	(471)		(1,236)		(459)		(2,494)
Total service charges and fees	10,930		8,168		21,406		17,294
Increase in cash value of life insurance	745		710		1,418		1,430
Asset management and commission income	947		661		1,781		1,577
Gain on sale of loans	2,847		1,736		6,094		2,627
Lease brokerage income	249		127		359		320
Sale of customer checks	116		88		235		212
Gain on sale of investment securities	—		—		—		—
Gain (loss) on marketable equity securities	8		25		(45)		72
Other	115		142		819		(55)
Total other non-interest income	5,027		3,489		10,661		6,183
Total non-interest income	$	15,957	$	11,657	$	32,067	$	23,477

Components of Non Interest Expense

The components of non-interest expense were as follows:

	Three months ended June 30,				Six months ended June 30,
(in thousands)	2021		2020		2021		2020
Base salaries, net of deferred loan origination costs	$	17,537	$	17,277	$	33,048	$	34,900
Incentive compensation	4,322		2,395		7,902		5,496
Benefits and other compensation costs	5,222		7,383		11,461		13,931
Total salaries and benefits expense	27,081		27,055		52,411		54,327
Occupancy	3,700		3,398		7,426		7,273
Data processing and software	3,201		3,657		6,403		7,024
Equipment	1,207		1,350		2,724		2,862
Intangible amortization	1,431		1,431		2,862		2,862
Advertising	734		531		1,114		1,196
ATM and POS network charges	1,551		1,210		2,797		2,583
Professional fees	1,046		741		1,640		1,444
Telecommunications	564		639		1,145		1,364
Regulatory assessments and insurance	618		360		1,230		455
Postage	124		283		322		573
Operational losses	212		184		421		405
Courier service	288		337		582		668
Gain on sale or acquisition of foreclosed assets	(15)		(16)		(66)		(57)
(Gain) loss on disposal of fixed assets	(426)		15		(426)		15
Other miscellaneous expense	2,855		4,375		5,204		7,306
Total other non-interest expense	17,090		18,495		33,378		35,973
Total non-interest expense	$	44,171	$	45,550	$	85,789	$	90,300