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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest Income        
Interest and fees on loans $ 28,091 $ 29,863 $ 56,196 $ 61,627
Interest on securities available for sale        
Taxable 3,656 2,847 6,452 5,906
Tax-exempt 1,544 793 2,928 1,183
Other investments 208 251 425 617
Total Interest Income 33,499 33,754 66,001 69,333
Interest Expense        
Deposits 1,142 2,388 2,398 7,088
Other borrowings and subordinated debt and debentures 964 904 1,926 1,592
Total Interest Expense 2,106 3,292 4,324 8,680
Net Interest Income 31,393 30,462 61,677 60,653
Provision for credit losses [1] (1,425)   (1,899)  
Provision for credit losses [1]   5,188   11,909
Net Interest Income After Provision for Credit Losses 32,818 25,274 63,576 48,744
Non-interest Income        
Interchange income 3,453 2,526 6,502 4,983
Service charges on deposit accounts 2,318 1,623 4,234 4,214
Net gains on assets        
Mortgage loans 9,091 17,642 21,919 26,482
Securities available for sale 0 0 1,416 253
Mortgage loan servicing, net (1,962) (3,022) 3,205 (8,322)
Other 1,871 1,598 3,901 3,761
Total Non-interest Income 14,771 20,367 41,177 31,371
Non-interest Expense        
Compensation and employee benefits 19,883 16,279 38,405 32,788
Occupancy, net 2,153 2,159 4,496 4,619
Data processing 2,576 1,590 4,950 3,945
Furniture, fixtures and equipment 1,034 1,090 2,037 2,126
Interchange expense 1,201 726 2,149 1,585
Communications 777 800 1,658 1,603
Loan and collection 859 756 1,618 1,561
Conversion related expenses 1,143 346 1,361 402
Advertising 164 364 653 1,047
Legal and professional 522 468 1,021 861
FDIC deposit insurance 307 430 637 800
Other 1,917 2,338 3,572 4,728
Total Non-interest Expense 32,536 27,346 62,557 56,065
Income Before Income Tax 15,053 18,295 42,196 24,050
Income tax expense 2,665 3,523 7,771 4,468
Net Income $ 12,388 $ 14,772 $ 34,425 $ 19,582
Net Income Per Common Share        
Basic (in dollars per share) [2] $ 0.57 $ 0.67 $ 1.58 $ 0.89
Diluted (in dollars per share) $ 0.56 $ 0.67 $ 1.56 $ 0.88
[1] Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.
[2] Basic net income per common share includes weighted average common shares outstanding during the period and participating share awards.