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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income:    
Loans, including fees $ 29,280 $ 31,015
Securities:    
Taxable 2,460 3,780
Non taxable 1,170 396
Federal funds sold and interest-bearing deposits in banks 72 546
Total interest income 32,982 35,737
Interest expense:    
Deposits 2,157 4,283
Notes payable & other borrowings 39 450
Subordinated debt securities 1,019 404
Junior subordinated deferrable interest debentures 223 401
Total interest expense 3,438 5,538
Net interest income 29,544 30,199
Provision for loan losses 89 6,234
Net interest income, after provision for loan losses 29,455 23,965
Noninterest income:    
Service charges on deposit accounts 1,573 1,983
Income from insurance activities 1,112 1,159
Net gain on sales of loans 15,943 8,540
Bank card services and interchange fees 2,642 2,238
Realized gain on sale of securities 0 2,318
Investment commissions 430 455
Fiduciary fees 836 829
Other 3,964 1,353
Total noninterest income 26,500 18,875
Noninterest expense:    
Salaries and employee benefits 24,318 20,810
Occupancy and equipment, net 3,565 3,600
Professional services 1,573 1,572
Marketing and development 568 768
IT and data services 1,054 847
Bank card expenses 1,049 1,052
Appraisal expenses 681 455
Other 4,249 4,907
Total noninterest expense 37,057 34,011
Income before income taxes 18,898 8,829
Income tax expense 3,738 1,746
Net income (loss) $ 15,160 $ 7,083
Earnings per share:    
Basic (in dollars per share) $ 0.84 $ 0.39
Diluted (in dollars per share) $ 0.82 $ 0.38
Net income $ 15,160 $ 7,083
Other comprehensive income:    
Change in net unrealized gain on securities available for sale (18,492) 21,189
Change in net losses on cash flow hedges 6,933 (1,227)
Reclassification adjustment for (gain) included in net income 0 (2,318)
Tax effect 2,428 (3,705)
Other comprehensive income (loss) (9,131) 13,939
Comprehensive income $ 6,029 $ 21,022