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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest and Dividend Income    
Interest and fees on loans and loans held for sale $ 19,424,000 $ 15,359,000
Interest on investment securities available for sale 778,000 1,622,000
Dividends on marketable equity securities 87,000 102,000
Interest on investment securities held to maturity 246,000 0
Dividends on Federal Home Loan Bank stock 23,000 20,000
Interest on deposits in other banks 38,000 236,000
Total Interest Income 20,596,000 17,339,000
Interest Expense    
Interest expense on deposits 949,000 1,484,000
Interest expense on borrowings 60,000 71,000
Interest expense on junior subordinated debentures 94,000 94,000
Total Interest Expense 1,103,000 1,649,000
Net Interest Income 19,493,000 15,690,000
(Benefit) provision for credit losses (1,488,000) 2,060,000
Net Interest Income After Provision for Credit Losses 20,981,000 13,630,000
Other Operating Income    
Mortgage banking income 13,622,000 4,665,000
Purchased receivable income 532,000 921,000
Unrealized (loss) on marketable equity securities (84,000) (871,000)
Interest rate swap income 92,000 0
Gain on sale of marketable equity securities, net 0 98,000
Other income 704,000 615,000
Total Other Operating Income 15,896,000 6,433,000
Other Operating Expense    
Salaries and other personnel expense 14,728,000 12,256,000
Data processing expense 2,035,000 1,769,000
Occupancy expense 1,660,000 1,657,000
Professional and outside services 624,000 608,000
Marketing expense 404,000 583,000
Insurance expense 314,000 312,000
Intangible asset amortization expense 9,000 12,000
OREO (income) expense, net (36,000) (36,000)
Other operating expense 1,589,000 1,626,000
Total Other Operating Expense 21,327,000 18,787,000
Income Before Provision for Income Taxes 15,550,000 1,276,000
Provision for income taxes 3,369,000 243,000
Net Income $ 12,181,000 $ 1,033,000
Earnings Per Share, Basic (in USD per share) $ 1.96 $ 0.16
Earnings Per Share, Diluted (in USD per share) $ 1.94 $ 0.16
Weighted Average Shares Outstanding, Basic (in shares) 6,219,871 6,467,630
Weighted Average Shares Outstanding, Diluted (in shares) 6,277,177 6,560,593
Bankcard fees    
Other Operating Income    
Bankcard fees and Service charges on deposit accounts $ 740,000 $ 643,000
Service charges on deposit accounts    
Other Operating Income    
Bankcard fees and Service charges on deposit accounts $ 290,000 $ 362,000