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Condensed Consolidated Statements of Income (unaudited) - USD ($)
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 $ 32,151,000 $ 31,976,000 $ 93,560,000 $ 95,619,000
Interest on investment securities 4,074,000 5,297,000 12,740,000 15,942,000
Interest on certificates of deposit investments 17,000 33,000 69,000 108,000
Interest on federal funds sold 1,000 4,000 3,000 11,000
Interest on deposits with other financial institutions 52,000 268,000 199,000 1,520,000
Total interest income 36,295,000 37,578,000 106,571,000 113,200,000
Interest expense:        
Interest on deposits 3,168,000 5,174,000 10,134,000 14,492,000
Interest on securities sold under agreements to repurchase 68,000 196,000 420,000 671,000
Interest on FHLB borrowings 395,000 683,000 1,480,000 2,102,000
Interest on other borrowings 0 8,000 26,000 9,000
Interest on subordinated debentures 147,000 392,000 539,000 1,236,000
Total interest expense 3,778,000 6,453,000 12,599,000 18,510,000
Net interest income 32,517,000 31,125,000 93,972,000 94,690,000
Provision for loan losses 3,883,000 2,658,000 15,500,000 3,696,000
Net interest income after provision for loan losses 28,634,000 28,467,000 78,472,000 90,994,000
Other income:        
Wealth management revenues 3,468,000 3,311,000 10,921,000 10,543,000
Insurance commissions 3,291,000 3,242,000 14,000,000 12,557,000
Service charges 1,446,000 2,091,000 4,335,000 5,852,000
Securities gains, net 95,000 51,000 913,000 323,000
Mortgage banking revenue, net 1,661,000 582,000 3,205,000 1,167,000
ATM / debit card revenue 2,367,000 2,173,000 6,593,000 6,391,000
Bank owned life insurance 434,000 439,000 1,293,000 1,316,000
Other 816,000 1,028,000 2,713,000 2,995,000
Total other income 13,578,000 12,917,000 43,973,000 41,144,000
Other expense:        
Salaries and employee benefits 15,346,000 14,497,000 47,301,000 46,636,000
Net occupancy and equipment expense 4,363,000 4,377,000 12,746,000 13,375,000
Net other real estate owned expense 110,000 172,000 62,000 413,000
FDIC insurance 469,000 (87,000) 851,000 389,000
Amortization of intangible assets 1,277,000 1,373,000 3,862,000 4,552,000
Stationery and supplies 262,000 284,000 805,000 835,000
Legal and professional 1,320,000 1,215,000 4,207,000 3,713,000
ATM / debit card 730,000 1,038,000 1,609,000 2,670,000
Marketing and donations 387,000 523,000 1,182,000 1,458,000
Other 2,663,000 2,502,000 8,131,000 10,350,000
Total other expense 26,927,000 25,894,000 80,756,000 84,391,000
Income before income taxes 15,285,000 15,490,000 41,689,000 47,747,000
Income taxes 3,720,000 3,820,000 9,988,000 11,780,000
Net income $ 11,565,000 $ 11,670,000 $ 31,701,000 $ 35,967,000
Per share data:        
Basic net income per common share $ 0.69 $ 0.70 $ 1.90 $ 2.16
Diluted net income per common share $ 0.69 0.70 1.89 2.15
Cash dividends declared per common share   $ 0.36 $ 0.40 $ 0.36