Non-interest Income and Expense

9 Months Ended

Sep. 30, 2021

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


	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2021		2020		2021		2020
ATM and interchange fees	$	6,516	$	5,637	$	18,935	$	15,913
Service charges on deposit accounts	3,608		3,334		10,339		10,426
Other service fees	897		805		2,682		2,296
Mortgage banking service fees	476		457		1,406		1,386
Change in value of mortgage servicing rights	(232)		236		(691)		(2,258)
Total service charges and fees	11,265		10,469		32,671		27,763
Increase in cash value of life insurance	644		773		2,062		2,203
Asset management and commission income	957		667		2,738		2,244
Gain on sale of loans	1,814		3,035		7,908		5,662
Lease brokerage income	183		175		542		495
Sale of customer checks	107		91		342		303
Gain on sale of investment securities	—		7		—		7
Gain (loss) on marketable equity securities	(14)		—		(59)		72
Other	139		(80)		958		(135)
Total other non-interest income	3,830		4,668		14,491		10,851
Total non-interest income	$	15,095	$	15,137	$	47,162	$	38,614

The components of non-interest expense were as follows:


	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2021		2020		2021		2020
Base salaries, net of deferred loan origination costs	$	17,673	$	18,754	$	50,721	$	53,654
Incentive compensation	3,123		2,184		11,025		7,680
Benefits and other compensation costs	5,478		8,383		16,939		22,314
Total salaries and benefits expense	26,274		29,321		78,685		83,648
Occupancy	3,771		3,440		11,197		10,713
Data processing and software	3,689		3,561		10,092		10,585
Equipment	1,336		1,549		4,060		4,411
Intangible amortization	1,409		1,431		4,271		4,293
Advertising	966		869		2,080		2,065
ATM and POS network charges	1,692		1,314		4,489		3,897
Professional fees	1,090		955		2,730		2,399
Telecommunications	574		619		1,719		1,983
Regulatory assessments and insurance	673		538		1,903		993
Merger and acquisition expense	651		—		651		—
Postage	156		118		478		691
Operational losses	244		154		665		559
Courier service	286		345		868		1,013
Gain on sale or acquisition of foreclosed assets	(144)		—		(210)		(57)
(Gain) loss on disposal of fixed assets	(19)		22		(445)		37
Other miscellaneous expense	3,159		2,478		8,363		9,783
Total other non-interest expense	19,533		17,393		52,911		53,365
Total non-interest expense	$	45,807	$	46,714	$	131,596	$	137,013