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CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest and fees on loans    
Taxable $ 39,735 $ 43,461
Tax exempt 169 104
Interest and dividends on securities    
Taxable 3,278 1,835
Tax exempt 4,606 2,489
Other interest income 246 88
Total interest income 48,034 47,977
Interest on deposits 3,081 4,218
Interest on borrowings    
Short-term 0 7
Long-term 73 73
Total interest expense 3,154 4,298
NET INTEREST INCOME 44,880 43,679
Provision for credit losses 417 1,477
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 44,463 42,202
NONINTEREST INCOME    
Wealth advisory fees 2,287 2,178
Investment brokerage fees 519 464
Service charges on deposit accounts 2,809 2,491
Loan and service fees 2,889 2,776
Merchant card fee income 815 622
Bank owned life insurance income (loss) (83) 756
Interest rate swap fee income 50 249
Mortgage banking income 509 1,373
Net securities gains 0 753
Other income 892 895
Total noninterest income 10,687 12,557
NONINTEREST EXPENSE    
Salaries and employee benefits 14,392 14,385
Net occupancy expense 1,629 1,503
Equipment costs 1,411 1,445
Data processing fees and supplies 3,081 3,319
Corporate and business development 1,219 1,509
FDIC insurance and other regulatory fees 439 464
Professional fees 1,559 1,877
Other expense 3,239 2,244
Total noninterest expense 26,969 26,746
INCOME BEFORE INCOME TAX EXPENSE 28,181 28,013
Income tax expense 4,539 5,030
NET INCOME $ 23,642 $ 22,983
BASIC WEIGHTED AVERAGE COMMON SHARES (in shares) 25,515,271 25,457,659
BASIC EARNINGS PER COMMON SHARE (in dollars per share) $ 0.93 $ 0.90
DILUTED WEIGHTED AVERAGE COMMON SHARES (in shares) 25,690,372 25,550,111
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) $ 0.92 $ 0.90