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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Fee Revenue and Other Income:        
Information services payment and processing revenue $ 24,376 $ 27,741 $ 72,540 $ 81,050
Bank service fees 441 307 1,249 984
Gains on sales of securities 1,069 19
Other 115 214 343 594
Total fee revenue and other income 24,932 28,262 75,201 82,647
Interest Income:        
Interest and fees on loans 9,067 9,548 27,366 27,564
Interest and dividends on securities:        
Taxable 373 612 1,406 1,893
Exempt from federal income taxes 1,753 1,925 5,357 5,956
Interest on federal funds sold and other short-term investments 86 1,581 1,130 4,477
Total interest income 11,279 13,666 35,259 39,890
Interest Expense:        
Interest on deposits 465 1,392 1,909 3,987
Interest on short-term borrowings 2
Total interest expense 465 1,392 1,911 3,987
Net interest income 10,814 12,274 33,348 35,903
Provision for loan losses 725 250
Net interest income after provision for loan losses 10,814 12,274 32,623 35,653
Total net revenue 35,746 40,536 107,824 118,300
Operating Expense:        
Personnel 22,521 23,514 65,839 68,594
Occupancy 930 973 2,809 2,930
Equipment 1,648 1,554 4,900 4,575
Amortization of intangible assets 215 150 644 359
Other operating expense 3,366 4,372 10,774 12,538
Total operating expense 28,680 30,563 84,966 88,996
Income before income tax expense 7,066 9,973 22,858 29,304
Income tax expense 1,285 1,787 4,093 5,271
Net income $ 5,781 $ 8,186 $ 18,765 $ 24,033
Basic earnings per share $ 0.40 $ 0.57 $ 1.31 $ 1.66
Diluted earnings per share $ 0.40 $ 0.56 $ 1.29 $ 1.64