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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Fee Revenue and Other Income:        
Fee revenues $ 27,410 $ 24,817 $ 79,998 $ 73,789
(Losses) gains on sales of securities (1) 0 44 1,069
Other 168 115 697 343
Total fee revenue and other income 27,577 24,932 80,739 75,201
Interest Income:        
Interest and fees on loans 8,987 9,067 26,270 27,366
Interest and dividends on securities:        
Taxable 731 373 1,387 1,406
Exempt from federal income taxes 1,760 1,753 5,331 5,357
Interest on federal funds sold and other short-term investments 241 86 515 1,130
Total interest income 11,719 11,279 33,503 35,259
Interest Expense:        
Interest on deposits 287 465 915 1,909
Interest on short-term borrowings 0 0 0 2
Total interest expense 287 465 915 1,911
Net interest income 11,432 10,814 32,588 33,348
Provision for (release of) credit losses / loan losses 340 0 (870) 725
Net interest income after provision for (release of) credit losses / loan losses 11,092 10,814 33,458 32,623
Total net revenue 38,669 35,746 114,197 107,824
Operating Expense:        
Personnel 23,283 22,521 68,689 65,839
Occupancy 953 930 2,859 2,809
Equipment 1,700 1,648 5,028 4,900
Amortization of intangible assets 215 215 644 644
Other operating expense 4,539 3,366 11,798 10,774
Total operating expense 30,690 28,680 89,018 84,966
Income before income tax expense 7,979 7,066 25,179 22,858
Income tax expense 1,174 1,285 4,277 4,093
Net income $ 6,805 $ 5,781 $ 20,902 $ 18,765
Basic earnings per share (in dollars per share) $ 0.48 $ 0.40 $ 1.47 $ 1.31
Diluted earnings per share (in dollars per share) $ 0.48 $ 0.40 $ 1.45 $ 1.29
Information services payment and processing revenue        
Fee Revenue and Other Income:        
Fee revenues $ 26,877 $ 24,376 $ 78,441 $ 72,540
Bank service fees        
Fee Revenue and Other Income:        
Fee revenues $ 533 $ 441 $ 1,557 $ 1,249