XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income:    
Loans, including fees $ 29,378 $ 29,280
Securities:    
Taxable 2,376 2,460
Non-taxable 1,144 1,170
Federal funds sold and interest-bearing deposits in banks 182 72
Total interest income 33,080 32,982
Interest expense:    
Deposits 1,890 2,157
Notes payable & other borrowings 0 39
Subordinated debt securities 1,012 1,019
Junior subordinated deferrable interest debentures 231 223
Total interest expense 3,133 3,438
Net interest income 29,947 29,544
Provision for loan losses (2,085) 89
Net interest income, after provision for loan losses 32,032 29,455
Noninterest income:    
Service charges on deposit accounts 1,773 1,573
Income from insurance activities 1,570 1,112
Net gain on sales of loans 7,493 15,943
Bank card services and interchange fees 3,222 2,642
Other mortgage banking income 6,144 2,873
Investment commissions 546 430
Fiduciary fees 612 836
Other 2,337 1,091
Total noninterest income 23,697 26,500
Noninterest expense:    
Salaries and employee benefits 22,703 24,318
Occupancy and equipment, net 3,737 3,565
Professional services 2,625 1,573
Marketing and development 720 568
IT and data services 1,053 1,054
Bank card expenses 1,323 1,049
Appraisal expenses 565 681
Other 5,198 4,249
Total noninterest expense 37,924 37,057
Income before income taxes 17,805 18,898
Income tax expense 3,527 3,738
Net income (loss) $ 14,278 $ 15,160
Earnings per share:    
Basic (in dollars per share) $ 0.81 $ 0.84
Diluted (in dollars per share) $ 0.78 $ 0.82
Net income $ 14,278 $ 15,160
Other comprehensive loss:    
Unrealized losses on securities available for sale (44,877) (18,492)
Less: Change in fair value on hedged state and municipal securities 6,899 6,933
Tax effect 7,975 2,428
Other comprehensive income (loss) (30,003) (9,131)
Comprehensive income (loss) $ (15,725) $ 6,029