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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income:    
Interest and fees on loans $ 34,159 $ 40,008
Interest on mortgage loans held for sale 441 285
Taxable interest on debt securities 3,242 5,834
Dividends on Federal Home Loan Bank stock 133 640
Other interest income 33 349
Total interest and dividend income 38,008 47,116
Interest expense:    
Deposits 3,663 8,536
Federal Home Loan Bank advances 1,380 5,765
Junior subordinated debentures 94 213
Total interest expense 5,137 14,514
Net interest income [1] 32,871 32,602
Provision for credit losses (2,000) 7,036
Net interest income after provision for credit losses 34,871 25,566
Noninterest income:    
Wealth management revenues [1] 9,895 8,689
Mortgage banking revenues [1] 11,927 6,096
Card interchange fees [1] 1,133 947
Service charges on deposit accounts [1] 609 860
Loan related derivative income [1] 467 2,455
Income from bank-owned life insurance [1] 556 564
Other income [1] 1,387 316
Total noninterest income [1] 25,974 19,927
Noninterest expense:    
Salaries and employee benefits 21,527 19,468
Outsourced services 3,200 3,000
Net occupancy 2,128 2,019
Equipment 994 977
Legal, audit and professional fees 597 822
FDIC deposit insurance costs 345 422
Advertising and promotion 222 259
Amortization of intangibles 226 230
Debt prepayment penalties 3,335 0
Other expenses 2,139 3,256
Total noninterest expense 34,713 30,453
Income before income taxes 26,132 15,040
Income tax expense 5,661 3,139
Net income 20,471 11,901
Net income available to common shareholders $ 20,415 $ 11,869
Weighted average common shares outstanding - basic 17,275 17,345
Weighted average common shares outstanding - diluted 17,431 17,441
Per share information:    
Basic earnings per common share $ 1.18 $ 0.68
Diluted earnings per common share $ 1.17 $ 0.68
[1] As reported in the Consolidated Statements of Income.