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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
INTEREST INCOME    
Interest and Fees on Loans $ 38,935 $ 35,104
Interest on Federal Funds Sold and Other Short-term Investments 280 85
Interest and Dividends on Securities:    
Taxable 4,520 2,607
Non-taxable 5,540 3,729
TOTAL INTEREST INCOME 49,275 41,525
INTEREST EXPENSE    
Interest on Deposits 1,329 1,442
Interest on FHLB Advances and Other Borrowings 1,038 1,151
TOTAL INTEREST EXPENSE 2,367 2,593
NET INTEREST INCOME 46,908 38,932
Provision (Benefit) for Credit Losses 5,200 (1,500)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 41,708 40,432
NON-INTEREST INCOME    
Company Owned Life Insurance 458 352
Other Operating Income 1,268 1,350
Net Gains on Sales of Loans 1,421 2,202
Net Gains on Securities 372 975
TOTAL NON-INTEREST INCOME 16,188 15,037
NON-INTEREST EXPENSE    
Salaries and Employee Benefits 23,088 17,805
Occupancy Expense 2,879 3,372
Furniture and Equipment Expense 930 976
FDIC Premiums 476 334
Data Processing Fees 7,724 1,743
Professional Fees 2,363 1,160
Advertising and Promotion 1,138 782
Intangible Amortization 1,017 760
Other Operating Expenses 8,545 4,327
TOTAL NON-INTEREST EXPENSE 48,160 31,259
Income before Income Taxes 9,736 24,210
Income Tax Expense 669 4,653
NET INCOME $ 9,067 $ 19,557
Basic Earnings Per Share (in dollars per share) $ 0.31 $ 0.74
Diluted Earnings Per Share (in dollars per share) $ 0.31 $ 0.74
Wealth Management Fees    
NON-INTEREST INCOME    
Non-interest income $ 2,638 $ 2,358
Service Charges on Deposit Accounts    
NON-INTEREST INCOME    
Non-interest income 2,683 1,678
Insurance Revenues    
NON-INTEREST INCOME    
Non-interest income 3,721 3,292
Interchange Fee Income    
NON-INTEREST INCOME    
Non-interest income $ 3,627 $ 2,830