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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest and Dividend Income      
Interest and fees on loans and loans held for sale $ 71,091 $ 62,150 $ 57,542
Interest on investment securities available for sale 4,832 6,572 5,481
Dividends on marketable equity securities 466 439 348
Interest on investment securities held to maturity 18 0 0
Dividends on Federal Home Loan Bank stock 84 76 64
Interest on deposits in other banks 225 846 742
Total Interest Income 76,716 70,083 64,177
Interest Expense      
Interest expense on deposits 5,279 4,961 2,307
Interest expense on securities sold under agreements to repurchase 0 40 50
Interest expense on borrowings 387 251 223
Interest expense on junior subordinated debentures 385 389 389
Total Interest Expense 6,051 5,641 2,969
Net Interest Income 70,665 64,442 61,208
Provision (benefit) for loan losses 2,432 (1,175) (500)
Net Interest Income After Provision (Benefit) for Loan Losses 68,233 65,617 61,708
Other Operating Income      
Mortgage banking income 52,635 24,201 20,844
Purchased receivable income 2,650 3,271 3,255
Interest rate swap income 949 964 84
Commercial servicing revenue 527 624 1,422
Gain on sale of marketable equity securities, net 98 0 0
Unrealized gain (loss) on marketable equity securities 61 911 (625)
Gain on sale of investment securities available for sale, net 0 23 0
Other income 2,469 2,819 2,868
Total Other Operating Income 63,328 37,346 32,167
Other Operating Expense      
Salaries and other personnel expense 61,137 51,317 44,650
Data processing expense 7,668 7,128 6,035
Occupancy expense 6,624 6,607 6,136
Professional and outside services 3,157 2,531 2,453
Marketing expense 2,320 2,373 2,318
Insurance expense 1,228 557 862
Intangible asset amortization expense 48 60 70
Compensation expense - RML acquisition payments 0 468 0
Impairment of equity method investment 0 0 804
OREO (income) expense, net of rental income and gains on sale (242) (193) 258
Other operating expense 7,174 5,990 6,214
Total Other Operating Expense 89,114 76,838 69,800
Income Before Provision for Income Taxes 42,447 26,125 24,075
Provision for income taxes 9,559 5,434 4,071
Net Income $ 32,888 $ 20,691 $ 20,004
Earnings per share, Basic (in USD per share) $ 5.18 $ 3.08 $ 2.91
Earnings per share, Diluted (in USD per share) $ 5.11 $ 3.04 $ 2.86
Weighted Average Shares Outstanding, Basic (in shares) 6,354,687 6,708,622 6,877,573
Weighted Average Shares Outstanding, Diluted (in shares) 6,431,367 6,808,209 6,981,557
Bankcard fees      
Other Operating Income      
Revenue from contract with customer $ 2,837 $ 2,976 $ 2,811
Service charges on deposit accounts      
Other Operating Income      
Revenue from contract with customer $ 1,102 $ 1,557 $ 1,508