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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest Income        
Interest and fees on loans $ 30,393 $ 34,226 $ 92,020 $ 100,743
Interest on securities available for sale        
Taxable 3,450 2,771 9,356 8,811
Tax-exempt 954 319 2,137 1,017
Other investments 237 495 854 1,449
Total Interest Income 35,034 37,811 104,367 112,020
Interest Expense        
Deposits 2,062 6,236 9,150 17,938
Other borrowings and subordinated debt and debentures 1,006 703 2,598 2,211
Total Interest Expense 3,068 6,939 11,748 20,149
Net Interest Income 31,966 30,872 92,619 91,871
Provision for loan losses 975 (271) 12,884 1,045
Net Interest Income After Provision for Loan Losses 30,991 31,143 79,735 90,826
Non-interest Income        
Interchange income 3,428 2,785 8,411 7,744
Service charges on deposit accounts 2,085 2,883 6,299 8,323
Net gains on assets        
Mortgage loans 20,205 5,677 46,687 13,590
Securities available for sale 0 0 253 304
Mortgage loan servicing, net (644) (1,562) (8,966) (4,684)
Other 1,937 2,492 5,698 6,862
Total Non-Interest Income 27,011 12,275 58,382 32,139
Non-interest Expense        
Compensation and employee benefits 21,954 16,673 54,742 48,955
Occupancy, net 2,199 2,161 6,818 6,797
Data processing 2,215 2,282 6,160 6,597
Furniture, fixtures and equipment 999 1,023 3,125 3,058
Interchange expense 831 891 2,416 2,332
Communications 806 733 2,409 2,219
Loan and collection 768 714 2,329 1,976
Advertising 589 636 1,636 1,935
Legal and professional 566 541 1,427 1,281
FDIC deposit insurance 411 13 1,211 723
Other 2,303 2,181 7,433 6,557
Total Non-interest Expense 33,641 27,848 89,706 82,430
Income Before Income Tax 24,361 15,570 48,411 40,535
Income tax expense 4,777 3,125 9,245 7,979
Net Income $ 19,584 $ 12,445 $ 39,166 $ 32,556
Net Income Per Common Share        
Basic (in dollars per share) [1] $ 0.90 $ 0.55 $ 1.78 $ 1.41
Diluted (in dollars per share) $ 0.89 $ 0.55 $ 1.76 $ 1.40
[1] Basic net income per common share includes weighted average common shares outstanding during the period and participating share awards.