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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
INTEREST INCOME    
Loans $ 47,709 $ 54,130
Investment securities and other 2,924 3,344
TOTAL INTEREST INCOME 50,633 57,474
INTEREST EXPENSE    
Deposits 4,222 10,577
Short-term borrowings and repurchase agreements 9 649
Subordinated debentures issued to capital trust 113 216
Subordinated notes 2,200 1,094
TOTAL INTEREST EXPENSE 6,544 12,536
NET INTEREST INCOME 44,089 44,938
PROVISION FOR CREDIT LOSSES ON LOANS 300 3,871
PROVISION (CREDIT) FOR UNFUNDED COMMITMENTS (674)  
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES AND PROVISION (CREDIT) FOR UNFUNDED COMMITMENTS 44,463 41,067
NON-INTEREST INCOME    
Commissions 282 266
Service charges, debit card and ATM fees 4,802 4,758
Net gains on loan sales 2,688 590
Late charges and fees on loans 301 355
Gain (loss) on derivative interest rate products 474 (407)
Other income 1,189 1,805
TOTAL NON-INTEREST INCOME 9,736 7,367
NON-INTEREST EXPENSE    
Salaries and employee benefits 17,120 18,169
Net occupancy and equipment expense 7,062 6,766
Postage 878 769
Insurance 760 382
Advertising 585 620
Office supplies and printing 277 235
Telephone 881 912
Legal, audit and other professional fees 647 598
Expense on other real estate and repossessions 268 479
Partnership tax credit investment amortization 25  
Acquired deposit intangible asset amortization 289 289
Other operating expenses 1,529 1,596
TOTAL NON-INTEREST EXPENSE 30,321 30,815
INCOME BEFORE INCOME TAXES 23,878 17,619
PROVISION FOR INCOME TAXES 5,010 2,751
NET INCOME AND NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 18,868 $ 14,868
Earnings Per Common Share    
Basic $ 1.38 $ 1.05
Diluted 1.36 1.04
Dividends Declared Per Common Share $ 0.34 $ 1.34