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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income:        
Interest and fees on loans $ 36,602 $ 34,820 $ 70,532 $ 68,979
Interest on mortgage loans held for sale 258 405 490 846
Taxable interest on debt securities 4,918 3,441 9,148 6,683
Dividends on Federal Home Loan Bank stock 63 110 130 243
Other interest income 188 32 266 65
Total interest and dividend income 42,029 38,808 80,566 76,816
Interest expense:        
Deposits 3,963 2,961 7,066 6,624
Federal Home Loan Bank advances 413 1,001 657 2,381
Junior subordinated debentures 138 92 237 186
Total interest expense 4,514 4,054 7,960 9,191
Net interest income [1] 37,515 34,754 72,606 67,625
Provision for credit losses (3,000) 0 (2,900) (2,000)
Net interest income after provision for credit losses 40,515 34,754 75,506 69,625
Noninterest income:        
Wealth management revenues [1] 10,066 10,428 20,597 20,323
Mortgage banking revenues [1] 2,082 5,994 5,583 17,921
Card interchange fees [1] 1,303 1,316 2,467 2,449
Service charges on deposit accounts [1] 763 635 1,431 1,244
Loan related derivative income [1] 669 1,175 970 1,642
Income from bank-owned life insurance [1] 615 607 1,216 1,163
Other income [1] 354 438 747 1,825
Total noninterest income [1] 15,852 20,593 33,011 46,567
Noninterest expense:        
Salaries and employee benefits 20,381 22,082 41,383 43,609
Outsourced services 3,375 3,217 6,617 6,417
Net occupancy 2,174 2,042 4,474 4,170
Equipment 938 975 1,856 1,969
Legal, audit and professional fees 677 678 1,447 1,275
FDIC deposit insurance costs 402 374 768 719
Advertising and promotion 724 560 1,075 782
Amortization of intangibles 216 225 433 451
Debt prepayment penalties 0 895 0 4,230
Other expenses 2,190 1,964 4,243 4,103
Total noninterest expense 31,077 33,012 62,296 67,725
Income (loss) before income taxes 25,290 22,335 46,221 48,467
Income tax expense 5,333 4,875 9,781 10,536
Net income 19,957 17,460 36,440 37,931
Net income available to common shareholders $ 19,900 $ 17,408 $ 36,329 $ 37,823
Weighted average common shares outstanding - basic 17,303 17,314 17,317 17,295
Weighted average common shares outstanding - diluted 17,414 17,436 17,451 17,445
Per share information:        
Basic earnings per common share $ 1.15 $ 1.01 $ 2.10 $ 2.19
Diluted earnings per common share $ 1.14 $ 1.00 $ 2.08 $ 2.17
[1] As reported in the Unaudited Consolidated Statements of Income.