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CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income    
Interest and fees on loans $ 72,936 $ 60,326
Interest and dividends on investment securities:    
Taxable 2,066 2,942
Tax-exempt 813 1,127
Dividends 400 457
Interest on federal funds sold and other short-term investments 499 357
Total interest income 76,714 65,209
Interest expense    
Deposits 17,212 15,351
Borrowings 4,221 4,906
Total interest expense 21,433 20,257
Net interest income 55,281 44,952
Provision for loan losses 16,000 4,500
Net interest income after provision for loan losses 39,281 40,452
Noninterest income    
Income on bank owned life insurance 967 822
Net gains on sale of loans held-for-sale 393 19
Deposit, loan and other income 1,287 786
Net gains on equity securities 178 103
Net gains on sales of securities available-for-sale 29 8
Total noninterest income 2,854 1,738
Noninterest expenses    
Salaries and employee benefits 14,533 11,955
Occupancy and equipment 3,471 2,495
FDIC insurance 856 755
Professional and consulting 1,574 1,209
Marketing and advertising 304 210
Data processing 1,473 1,155
Merger expenses 9,494 7,562
Amortization of core deposit intangibles 652 364
Other components of net periodic pension expense 30 28
Other expenses 2,671 2,329
Total noninterest expenses 35,058 28,062
Income before income tax expense 7,077 14,128
Income tax expense 1,047 2,493
Net income $ 6,030 $ 11,635
Earnings per common share    
Basic $ 0.15 $ 0.33
Diluted $ 0.15 $ 0.33