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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest income:        
Interest and fees on loans $ 35,691 $ 34,925 $ 104,670 $ 110,938
Interest on mortgage loans held for sale 298 468 1,144 1,193
Taxable interest on debt securities 3,683 4,870 10,366 16,181
Dividends on Federal Home Loan Bank stock 95 532 338 1,826
Other interest income 56 39 121 424
Total interest and dividend income 39,823 40,834 116,639 130,562
Interest expense:        
Deposits 2,789 5,532 9,413 21,180
Federal Home Loan Bank advances 872 3,354 3,253 13,501
Junior subordinated debentures 92 135 278 519
Other interest expense 0 159 0 161
Total interest expense 3,753 9,180 12,944 35,361
Net interest income [1] 36,070 31,654 103,695 95,201
Provision for credit losses 0 1,325 (2,000) 10,561
Net interest income after provision for credit losses 36,070 30,329 105,695 84,640
Noninterest income:        
Wealth management revenues [1] 10,455 8,954 30,778 26,248
Mortgage banking revenues [1] 6,373 12,353 24,294 33,300
Card interchange fees [1] 1,265 1,161 3,714 3,139
Service charges on deposit accounts [1] 673 598 1,917 1,975
Loan related derivative income [1] 728 1,264 2,370 3,818
Income from bank-owned life insurance [1] 618 567 1,781 1,922
Other income [1] 408 571 2,233 1,313
Total noninterest income [1] 20,520 25,468 67,087 71,715
Noninterest expense:        
Salaries and employee benefits 22,162 21,892 65,771 60,824
Outsourced services 3,294 3,160 9,711 8,944
Net occupancy 2,134 2,012 6,304 5,940
Equipment 977 934 2,946 2,806
Legal, audit and professional fees 767 1,252 2,042 2,733
FDIC deposit insurance costs 482 392 1,201 1,488
Advertising and promotion 559 384 1,341 829
Amortization of intangibles 223 228 674 688
Debt prepayment penalties 0 0 4,230 0
Other expenses 1,922 2,090 6,025 7,023
Total noninterest expense 32,520 32,344 100,245 91,275
Income (loss) before income taxes 24,070 23,453 72,537 65,080
Income tax expense 5,319 5,131 15,855 13,817
Net income 18,751 18,322 56,682 51,263
Net income available to common shareholders $ 18,697 $ 18,285 $ 56,520 $ 51,154
Weighted average common shares outstanding - basic 17,320 17,260 17,303 17,287
Weighted average common shares outstanding - diluted 17,444 17,317 17,451 17,369
Per share information:        
Basic earnings per common share $ 1.08 $ 1.06 $ 3.27 $ 2.96
Diluted earnings per common share $ 1.07 $ 1.06 $ 3.24 $ 2.95
[1] As reported in the Consolidated Statements of Income.