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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest income:        
Loans, including fees $ 30,818 $ 30,724 $ 89,458 $ 91,600
Securities:        
Taxable 2,346 2,678 7,219 9,628
Non taxable 1,160 1,061 3,487 2,399
Federal funds sold and interest-bearing deposits in banks 114 40 272 620
Total interest income 34,438 34,503 100,436 104,247
Interest expense:        
Deposits 2,030 2,517 6,373 9,560
Notes payable & other borrowings 0 68 43 620
Subordinated debt securities 1,013 403 3,044 1,210
Junior subordinated deferrable interest debentures 217 242 661 937
Total interest expense 3,260 3,230 10,121 12,327
Net interest income 31,178 31,273 90,315 91,920
Provision for loan losses 0 6,062 (1,918) 25,429
Net interest income, after provision for loan losses 31,178 25,211 92,233 66,491
Noninterest income:        
Service charges on deposit accounts 1,851 1,749 5,023 5,171
Income from insurance activities 3,794 3,303 6,146 5,484
Net gain on sales of loans 12,848 20,942 41,108 47,279
Bank card services and interchange fees 3,045 2,608 8,760 7,190
Realized gain on sale of securities 0 0 0 2,318
Investment commissions 430 441 1,390 1,261
Fiduciary fees 556 781 2,234 2,386
Other 3,267 1,836 9,880 4,342
Total noninterest income 25,791 31,660 74,541 75,431
Noninterest expense:        
Salaries and employee benefits 24,116 23,672 71,811 66,103
Occupancy and equipment, net 3,896 3,710 10,960 10,896
Professional services 1,388 1,177 4,483 4,710
Marketing and development 777 615 2,157 2,189
IT and data services 1,068 843 3,029 2,769
Bank card expenses 1,339 1,095 3,640 3,164
Appraisal expenses 790 744 2,350 1,837
Other 4,689 4,137 13,468 13,543
Total noninterest expense 38,063 35,993 111,898 105,211
Income before income taxes 18,906 20,878 54,876 36,711
Income tax expense 3,716 4,147 10,876 7,282
Net income $ 15,190 $ 16,731 $ 44,000 $ 29,429
Earnings per share:        
Basic (in dollars per share) $ 0.85 $ 0.93 $ 2.44 $ 1.63
Diluted (in dollars per share) $ 0.82 $ 0.92 $ 2.38 $ 1.61
Net income $ 15,190 $ 16,731 $ 44,000 $ 29,429
Other comprehensive income (loss):        
Change in net unrealized gain (loss) on securities available for sale (5,964) (1,418) (13,835) 26,584
Change in net gain (loss) on cash flow hedges 760 430 4,943 (1,728)
Reclassification adjustment for (gain) loss included in net income 0 0 0 (2,318)
Tax effect 1,093 207 1,867 (4,733)
Other comprehensive income (loss) (4,111) (781) (7,025) 17,805
Comprehensive income $ 11,079 $ 15,950 $ 36,975 $ 47,234