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Condensed Consolidated Statements of Income (unaudited) - USD ($)
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 $ 40,795,000 $ 31,382,000 $ 76,681,000 $ 61,409,000
Interest on investment securities 5,739,000 4,077,000 10,581,000 8,666,000
Interest on certificates of deposit investments 14,000 21,000 28,000 52,000
Interest on federal funds sold       2,000
Interest on deposits with other financial institutions 87,000 55,000 161,000 147,000
Total interest income 46,635,000 35,535,000 87,451,000 70,276,000
Interest expense:        
Interest on deposits 2,262,000 3,105,000 4,746,000 6,966,000
Interest on securities sold under agreements to repurchase 57,000 158,000 127,000 352,000
Interest on FHLB borrowings 445,000 505,000 819,000 1,085,000
Interest on other borrowings 0 11,000 0 26,000
Interest on junior subordinated debentures 139,000   279,000  
Interest on subordinated debentures 985,000 174,000 1,969,000 392,000
Total interest expense 3,888,000 3,953,000 7,940,000 8,821,000
Net interest income 42,747,000 31,582,000 79,511,000 61,455,000
Provision for loan losses (560,000) 6,136,000 11,576,000 11,617,000
Net interest income after provision for loan losses 43,307,000 25,446,000 67,935,000 49,838,000
Other income:        
Wealth management revenues 5,016,000 3,827,000 9,942,000 7,453,000
Insurance commissions 4,988,000 4,088,000 10,845,000 10,709,000
Service charges 1,539,000 1,111,000 2,903,000 2,889,000
Securities gains, net 73,000 287,000 77,000 818,000
Mortgage banking income 1,691,000 1,236,000 3,100,000 1,544,000
ATM / debit card revenue 3,141,000 2,239,000 5,840,000 4,226,000
Bank owned life insurance 761,000 428,000 1,398,000 859,000
Other 1,075,000 669,000 1,928,000 1,897,000
Total other income 18,284,000 13,885,000 36,033,000 30,395,000
Other expense:        
Salaries and employee benefits 24,908,000 15,455,000 48,395,000 31,955,000
Net occupancy and equipment expense 5,482,000 4,141,000 10,452,000 8,383,000
Net other real estate owned expense 1,966,000 (2,000) 2,044,000 (48,000)
FDIC insurance 478,000 289,000 930,000 382,000
Amortization of intangible assets 1,295,000 1,290,000 2,515,000 2,585,000
Stationery and supplies 235,000 275,000 551,000 543,000
Legal and professional 1,639,000 1,489,000 3,041,000 2,887,000
ATM / debit card 1,074,000 274,000 1,912,000 879,000
Marketing and donations 507,000 314,000 1,009,000 795,000
Other 8,429,000 2,573,000 12,764,000 5,468,000
Total other expense 46,013,000 26,098,000 83,613,000 53,829,000
Income before income taxes 15,578,000 13,233,000 20,355,000 26,404,000
Income taxes 3,357,000 3,096,000 4,025,000 6,268,000
Net income $ 12,221,000 $ 10,137,000 $ 16,330,000 $ 20,136,000
Per share data:        
Basic net income per common share $ 0.68 $ 0.61 $ 0.92 $ 1.21
Diluted net income per common share 0.68 0.60 0.92 1.20
Cash dividends declared per common share $ 0.205 $ 0.400 $ 0.410 $ 0.400