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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ 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 $ 30,865 $ 33,120 $ 61,425 $ 67,165
Taxable interest on investments 4,376 4,883 8,205 9,761
Nontaxable interest on investments 763 828 1,491 1,615
Dividend income 102 167 207 335
Other interest income 160 180 326 515
Total interest income 36,266 39,178 71,654 79,391
Interest Expense        
Interest on deposits 1,921 3,392 3,984 10,054
Interest on borrowings 176 359 332 1,197
Interest on subordinated debentures 640 888 1,445 1,775
Total interest expense 2,737 4,639 5,761 13,026
Net interest income 33,529 34,539 65,893 66,365
(Credit) provision for credit losses (3,403) 9,398 (5,359) 11,173
Net interest income after (credit) provision for credit losses 36,932 25,141 71,252 55,192
Non-Interest Income        
Mortgage banking income, net 2,598 4,691 9,707 8,225
Brokerage and insurance commissions 939 622 1,892 1,279
Bank-owned life insurance 591 614 1,185 1,303
Customer loan swap fees 0 57 0 171
Other income 856 745 1,614 1,499
Total non-interest income 11,320 12,060 26,535 23,463
Non-Interest Expense        
Salaries and employee benefits 15,318 13,627 29,840 27,954
Furniture, equipment and data processing 2,947 2,710 5,974 5,500
Net occupancy costs 1,805 1,997 3,756 4,000
Debit card expense 1,074 878 2,060 1,812
Consulting and professional fees 997 1,181 1,860 1,964
Regulatory assessments 487 299 990 461
Amortization of core deposit intangible assets 164 171 328 341
Other real estate owned and collection (recoveries) costs, net (25) 98 (216) 199
Other expenses 2,823 2,548 5,897 5,839
Total non-interest expense 25,590 23,509 50,489 48,070
Income before income tax expense 22,662 13,692 47,298 30,585
Income Tax Expense 4,519 2,752 9,415 6,152
Net Income $ 18,143 $ 10,940 $ 37,883 $ 24,433
Per Share Data        
Basic earnings per share $ 1.21 $ 0.73 $ 2.53 $ 1.62
Diluted earnings per share $ 1.21 $ 0.73 $ 2.52 $ 1.62
Weighted average number of common shares outstanding 14,943,486 14,959,851 14,930,017 15,031,525
Diluted weighted average number of common shares outstanding 15,007,471 14,997,611 14,994,138 15,069,132
Cash dividends declared per share $ 0.36 $ 0.33 $ 0.72 $ 0.66
Debit Card        
Non-Interest Income        
Revenue $ 3,112 $ 2,391 $ 5,848 $ 4,532
Deposit Account        
Non-Interest Income        
Revenue 1,517 1,337 3,056 3,349
Fiduciary and Trust        
Non-Interest Income        
Revenue $ 1,707 $ 1,603 $ 3,233 $ 3,105