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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Fee Revenue and Other Income:        
Information services payment and processing revenue $ 26,348 $ 22,661 $ 51,564 $ 48,164
Bank service fees 530 398 1,024 808
(Losses) gains on sales of securities (3) 45 1,069
Other 112 115 529 228
Total fee revenue and other income 26,987 23,174 53,162 50,269
Interest Income:        
Interest and fees on loans 8,696 9,298 17,283 18,299
Interest and dividends on securities:        
Taxable 458 473 656 1,033
Exempt from federal income taxes 1,832 1,785 3,571 3,604
Interest on federal funds sold and other short-term investments 122 86 274 1,044
Total interest income 11,108 11,642 21,784 23,980
Interest Expense:        
Interest on deposits 297 481 628 1,444
Interest on short-term borrowings 2
Total interest expense 297 481 628 1,446
Net interest income 10,811 11,161 21,156 22,534
(Release of) provision for credit losses / loan losses (610) 400 (1,210) 725
Net interest income after provision for credit losses / loan losses 11,421 10,761 22,366 21,809
Total net revenue 38,408 33,935 75,528 72,078
Operating Expense:        
Personnel 22,880 20,891 45,406 43,318
Occupancy 959 938 1,906 1,879
Equipment 1,653 1,617 3,328 3,252
Amortization of intangible assets 214 214 429 429
Other operating expense 4,097 3,697 7,259 7,408
Total operating expense 29,803 27,357 58,328 56,286
Income before income tax expense 8,605 6,578 17,200 15,792
Income tax expense 1,579 1,139 3,103 2,808
Net income $ 7,026 $ 5,439 $ 14,097 $ 12,984
Basic earnings per share $ 0.49 $ 0.38 $ 0.99 $ 0.90
Diluted earnings per share $ 0.48 $ 0.37 $ 0.97 $ 0.89