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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income:      
Loans (including fee income) $ 169,411 $ 158,228 $ 144,380
Mortgage-backed securities, CMOs and other asset-backed securities 9,329 16,182 16,591
U.S. GSE securities 365 465 837
State and municipal obligations 1,843 2,234 2,812
Corporate bonds 1,070 1,200 1,422
Deposits with banks 673 1,697 1,076
Other interest and dividend income 1,541 1,535 1,866
Total interest income 184,232 181,541 168,984
Interest expense:      
Savings, NOW and money market deposits 10,435 23,687 15,928
Certificates of deposit of $100,000 or more 3,346 4,270 3,007
Other time deposits 1,198 1,502 1,801
Federal funds purchased and repurchase agreements 79 767 1,200
FHLB advances 3,992 4,573 5,729
Subordinated debentures 4,401 4,539 4,539
Total interest expense 23,451 39,338 32,204
Net interest income 160,781 142,203 136,780
Provision for credit losses 11,500 5,700 1,800
Net interest income after provision for credit losses 149,281 136,503 134,980
Non-interest income:      
Service charges and other fees 8,955 10,059 9,853
Net securities gains (losses) 3,525 201 (7,921)
Loss on termination of swaps (3,403)    
Change in fair value of loans held for sale (2,877)    
Title fees 2,337 1,720 1,797
Gain on sale of Small Business Administration ("SBA") loans 3,940 1,984 2,078
Bank owned life insurance 2,186 2,230 2,219
Loan swap fees 3,742 7,460 716
Other 1,298 1,733 2,826
Total non-interest income 19,703 25,387 11,568
Non-interest expense:      
Salaries and employee benefits 67,159 56,244 50,458
Occupancy and equipment 14,287 14,372 13,245
Technology and communications 9,712 7,905 6,465
Marketing and advertising 3,287 4,740 4,597
Professional services 4,988 3,797 4,004
FDIC assessments 1,950 608 1,665
Net fraud loss     8,900
Office relocation costs     750
Restructuring Costs 4,452    
Amortization of other intangible assets 656 787 917
Other 6,766 7,686 7,179
Total non-interest expense 113,257 96,139 98,180
Income before income taxes 55,727 65,751 48,368
Income tax expense 13,685 14,060 9,141
Net income $ 42,042 $ 51,691 $ 39,227
Basic earnings per share (in dollars per share) $ 2.11 $ 2.59 $ 1.97
Diluted earnings per share (in dollars per share) $ 2.11 $ 2.59 $ 1.97