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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Loans, including fees $ 31,015 $ 28,098
Securities:    
Taxable 3,780 2,176
Non taxable 396 225
Federal funds sold and interest-bearing deposits in banks 546 1,505
Total interest income 35,737 32,004
Interest expense:    
Deposits 4,283 5,889
Notes payable & other borrowings 450 650
Subordinated debt securities 404 406
Junior subordinated deferrable interest debentures 401 513
Total interest expense 5,538 7,458
Net interest income 30,199 24,546
Provision for loan losses 6,234 608
Net interest income, after provision for loan losses 23,965 23,938
Noninterest income:    
Service charges on deposit accounts 1,983 1,905
Income from insurance activities 1,159 1,750
Net gain on sales of loans 8,540 4,660
Bank card services and interchange fees 2,238 2,010
Realized gain on sale of securities 2,318 0
Investment commissions 455 333
Fiduciary fees 829 375
Other 1,353 1,042
Total noninterest income 18,875 12,075
Noninterest expense:    
Salaries and employee benefits 20,810 19,125
Occupancy and equipment, net 3,600 3,407
Professional services 1,572 1,706
Marketing and development 768 717
IT and data services 847 693
Bank card expenses 1,052 724
Appraisal expenses 455 323
Other 4,907 3,341
Total noninterest expense 34,011 30,036
Income before income taxes 8,829 5,977
Income tax expense 1,746 1,204
Net income $ 7,083 $ 4,773
Earnings per share:    
Basic (in dollars per share) $ 0.39 $ 0.32
Diluted (in dollars per share) $ 0.38 $ 0.32
Net income $ 7,083 $ 4,773
Other comprehensive income:    
Change in net unrealized loss on securities available for sale 21,189 2,907
Change in net losses on cash flow hedges (1,227) 0
Reclassification adjustment for (gain) included in net income (2,318) 0
Tax effect (3,705) (611)
Other comprehensive income 13,939 2,296
Comprehensive income $ 21,022 $ 7,069