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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest and dividend income:        
Loans, including fees $ 60,304 $ 58,409 $ 120,740 $ 114,667
Investments:        
Taxable securities 6,934 7,466 13,111 15,677
Tax exempt securities 851 952 1,774 1,856
Dividends 255 223 472 584
Interest bearing cash at Federal Reserve and other banks 135 98 298 881
Total interest and dividend income 68,479 67,148 136,395 133,665
Interest expense:        
Deposits 828 1,813 1,765 4,364
Other borrowings 5 4 9 9
Junior subordinated debt 563 672 1,098 1,441
Total interest expense 1,396 2,489 2,872 5,814
Net interest income 67,083 64,659 133,523 127,851
Provision for (reversal of) credit losses (260) 22,244 (6,320) 30,313
Net interest income after credit loss provision (reversal) 67,343 42,415 139,843 97,538
Non-interest income:        
Service charges and fees 10,930 8,168 21,406 17,294
Gain on sale of loans 2,847 1,736 6,094 2,627
Gain on sale of investment securities 0 0 0 0
Asset management and commission income 947 661 1,781 1,577
Increase in cash value of life insurance 745 710 1,418 1,430
Other 488 382 1,368 549
Total non-interest income 15,957 11,657 32,067 23,477
Non-interest expense:        
Salaries and related benefits 27,081 27,055 52,411 54,327
Other 17,090 18,495 33,378 35,973
Total non-interest expense 44,171 45,550 85,789 90,300
Income before provision for income taxes 39,129 8,522 86,121 30,715
Provision for income taxes 10,767 1,092 24,110 7,164
Net income $ 28,362 $ 7,430 $ 62,011 $ 23,551
Per share data:        
Basic earnings per share (in USD per share) $ 0.95 $ 0.25 $ 2.09 $ 0.78
Diluted earnings per share (in USD per share) 0.95 0.25 2.07 0.78
Dividend per share (in USD per share) $ 0.25 $ 0.22 $ 0.50 $ 0.44