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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Fee Revenue and Other Income:        
Information services payment and processing revenue $ 27,741 $ 26,020 $ 81,050 $ 76,068
Bank service fees 307 300 984 994
Gains (losses) on sales of securities 19 (42)
Other 214 115 594 429
Total fee revenue and other income 28,262 26,435 82,647 77,449
Interest Income:        
Interest and fees on loans 9,548 8,367 27,564 23,832
Interest and dividends on securities:        
Taxable 612 618 1,893 1,428
Exempt from federal income taxes 1,925 2,111 5,956 7,008
Interest on federal funds sold and other short-term investments 1,581 1,119 4,477 2,748
Total interest income 13,666 12,215 39,890 35,016
Interest Expense:        
Interest on deposits 1,392 1,029 3,987 2,502
Net interest income 12,274 11,186 35,903 32,514
Provision for loan losses 250
Net interest income after provision for loan losses 12,274 11,186 35,653 32,514
Total net revenue 40,536 37,621 118,300 109,963
Operating Expense:        
Personnel 23,514 21,747 68,594 63,718
Occupancy 973 975 2,930 2,754
Equipment 1,554 1,434 4,575 4,150
Amortization of intangible assets 150 110 359 331
Other operating expense 4,372 4,264 12,538 11,222
Total operating expense 30,563 28,530 88,996 82,175
Income before income tax expense 9,973 9,091 29,304 27,788
Income tax expense 1,787 1,481 5,271 4,577
Net income $ 8,186 $ 7,610 $ 24,033 $ 23,211
Basic earnings per share $ 57 $ 52 $ 1.66 $ 1.58
Diluted earnings per share $ 56 $ 51 $ 1.64 $ 1.55