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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest income:        
Interest and fees on loans $ 34,820 $ 36,005 $ 68,979 $ 76,013
Interest on mortgage loans held for sale 405 440 846 725
Taxable interest on debt securities 3,441 5,477 6,683 11,311
Dividends on Federal Home Loan Bank stock 110 654 243 1,294
Other interest income 32 36 65 385
Total interest and dividend income 38,808 42,612 76,816 89,728
Interest expense:        
Deposits 2,961 7,112 6,624 15,648
Federal Home Loan Bank advances 1,001 4,382 2,381 10,147
Junior subordinated debentures 92 171 186 384
Other interest expense 0 2 0 2
Total interest expense 4,054 11,667 9,191 26,181
Net interest income [1] 34,754 30,945 67,625 63,547
Provision for credit losses 0 2,200 (2,000) 9,236
Net interest income after provision for credit losses 34,754 28,745 69,625 54,311
Noninterest income:        
Wealth management revenues [1] 10,428 8,605 20,323 17,294
Mortgage banking revenues [1] 5,994 14,851 17,921 20,947
Card interchange fees [1] 1,316 1,031 2,449 1,978
Service charges on deposit accounts [1] 635 517 1,244 1,377
Loan related derivative income [1] 1,175 99 1,642 2,554
Income from bank-owned life insurance [1] 607 791 1,163 1,355
Other income [1] 438 426 1,825 742
Total noninterest income [1] 20,593 26,320 46,567 46,247
Noninterest expense:        
Salaries and employee benefits 22,082 19,464 43,609 38,932
Outsourced services 3,217 2,784 6,417 5,784
Net occupancy 2,042 1,909 4,170 3,928
Equipment 975 895 1,969 1,872
Legal, audit and professional fees 678 659 1,275 1,481
FDIC deposit insurance costs 374 674 719 1,096
Advertising and promotion 560 186 782 445
Amortization of intangibles 225 230 451 460
Debt prepayment penalties 895 0 4,230 0
Other expenses 1,964 1,677 4,103 4,933
Total noninterest expense 33,012 28,478 67,725 58,931
Income before income taxes 22,335 26,587 48,467 41,627
Income tax expense 4,875 5,547 10,536 8,686
Net income 17,460 21,040 37,931 32,941
Net income available to common shareholders $ 17,408 $ 21,000 $ 37,823 $ 32,869
Weighted average common shares outstanding - basic 17,314 17,257 17,295 17,301
Weighted average common shares outstanding - diluted 17,436 17,292 17,445 17,377
Per share information:        
Basic earnings per common share $ 1.01 $ 1.22 $ 2.19 $ 1.90
Diluted earnings per common share $ 1.00 $ 1.21 $ 2.17 $ 1.89
[1] As reported in the Consolidated Statements of Income.