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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
INTEREST INCOME    
Interest and Fees on Loans $ 35,104 $ 37,858
Interest on Federal Funds Sold and Other Short-term Investments 85 158
Interest and Dividends on Securities:    
Taxable 2,607 3,110
Non-taxable 3,729 2,445
TOTAL INTEREST INCOME 41,525 43,571
INTEREST EXPENSE    
Interest on Deposits 1,442 5,657
Interest on FHLB Advances and Other Borrowings 1,151 1,658
TOTAL INTEREST EXPENSE 2,593 7,315
NET INTEREST INCOME 38,932 36,256
Provision for Credit Losses (1,500) 5,150
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 40,432 31,106
NON-INTEREST INCOME    
Non-interest Income (in-scope of Topic 606) 10,821 10,499
Company Owned Life Insurance 352 1,222
Other Operating Income 1,350 427
Net Gains on Sales of Loans 2,202 1,863
Net Gains on Securities 975 590
TOTAL NON-INTEREST INCOME 15,037 14,081
NON-INTEREST EXPENSE    
Salaries and Employee Benefits 17,805 17,400
Occupancy Expense 3,372 2,570
Furniture and Equipment Expense 976 1,011
FDIC Premiums 334 0
Data Processing Fees 1,743 1,686
Professional Fees 1,160 1,084
Advertising and Promotion 782 1,071
Intangible Amortization 760 960
Other Operating Expenses 4,327 4,546
TOTAL NON-INTEREST EXPENSE 31,259 30,328
Income before Income Taxes 24,210 14,859
Income Tax Expense 4,653 2,387
NET INCOME $ 19,557 $ 12,472
Basic Earnings Per Share (USD per share) $ 0.74 $ 0.47
Diluted Earnings Per Share (USD per share) $ 0.74 $ 0.47
Trust and Investment Product Fees    
NON-INTEREST INCOME    
Non-interest Income (in-scope of Topic 606) $ 2,358 $ 2,031
Service Charges on Deposit Accounts    
NON-INTEREST INCOME    
Non-interest Income (in-scope of Topic 606) 1,678 2,237
Insurance Revenues    
NON-INTEREST INCOME    
Non-interest Income (in-scope of Topic 606) 3,292 3,229
Interchange Fee Income    
NON-INTEREST INCOME    
Non-interest Income (in-scope of Topic 606) $ 2,830 $ 2,482