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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest and Dividend Income        
Interest and fees on loans and loans held for sale $ 19,900 $ 18,691 $ 58,287 $ 51,504
Interest on investment securities available for sale 828 940 2,421 3,951
Dividends on marketable equity securities 115 122 328 336
Interest on investment securities held to maturity 262 0 773 0
Dividends on Federal Home Loan Bank stock 28 24 74 62
Interest on deposits in other banks 149 17 248 284
Total Interest Income 21,282 19,794 62,131 56,137
Interest Expense        
Interest expense on deposits 667 1,320 2,495 4,135
Interest expense on borrowings 89 84 237 277
Interest expense on junior subordinated debentures 94 96 282 284
Total Interest Expense 850 1,500 3,014 4,696
Net Interest Income 20,432 18,294 59,117 51,441
(Benefit) provision for credit losses (1,106) 567 (3,021) 3,031
Net Interest Income After (Benefit) Provision for Credit Losses 21,538 17,727 62,138 48,410
Other Operating Income        
Mortgage banking income 9,893 17,932 34,875 37,824
Purchased receivable income 530 516 1,637 2,112
Interest rate swap income 195 726 390 743
Gain on sale of marketable equity securities, net 36 0 67 98
Unrealized gain (loss) on marketable equity securities (67) 375 27 (347)
Other income 848 1,040 2,250 2,270
Total Other Operating Income 12,658 21,628 42,686 45,596
Other Operating Expense        
Salaries and other personnel expense 15,756 16,418 45,401 44,311
Data processing expense 2,198 1,851 6,439 5,653
Occupancy expense 1,707 1,648 5,236 4,923
Professional and outside services 703 884 1,969 2,206
Marketing expense 533 302 1,609 1,581
Insurance expense 322 315 965 928
Intangible asset amortization expense 9 12 27 36
OREO (income) expense, net (378) 23 (367) 8
Other operating expense 1,684 2,053 4,918 5,321
Total Other Operating Expense 22,534 23,506 66,197 64,967
Income Before Provision for Income Taxes 11,662 15,849 38,627 29,039
Provision for income taxes 2,785 3,994 9,224 6,251
Net Income $ 8,877 $ 11,855 $ 29,403 $ 22,788
Earnings Per Share, Basic (in USD per share) $ 1.43 $ 1.87 $ 4.73 $ 3.57
Earnings Per Share, Diluted (in USD per share) $ 1.42 $ 1.84 $ 4.69 $ 3.52
Weighted Average Shares Outstanding, Basic (in shares) 6,196,260 6,338,465 6,207,681 6,391,164
Weighted Average Shares Outstanding, Diluted (in shares) 6,265,602 6,413,221 6,274,634 6,467,991
Bankcard fees        
Other Operating Income        
Bankcard fees and Service charges on deposit accounts $ 878 $ 770 $ 2,497 $ 2,094
Service charges on deposit accounts        
Other Operating Income        
Bankcard fees and Service charges on deposit accounts $ 345 $ 269 $ 943 $ 802