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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income        
Loans, including fees $ 40,214 $ 40,053 $ 82,226 $ 69,088
Taxable investment securities 4,646 3,289 8,363 6,216
Tax-exempt investment securities 1,858 1,424 3,370 2,830
Other 40 185 204 205
Total interest income 46,758 44,951 94,163 78,339
Interest expense        
Deposits 6,409 7,743 14,358 13,438
Short-term borrowings 263 500 597 957
Long-term debt 1,374 1,876 3,090 3,136
Total interest expense 8,046 10,119 18,045 17,531
Net interest income 38,712 34,832 76,118 60,808
Credit loss expense 4,685 696 26,418 2,290
Net interest income after credit loss expense 34,027 34,136 49,700 58,518
Noninterest income        
Investment services and trust activities 2,217 1,890 4,753 3,280
Service charges and fees 1,290 1,870 3,116 3,312
Card revenue 1,237 1,799 2,602 2,797
Loan revenue 1,910 648 3,033 1,041
Bank-owned life insurance 635 470 1,155 862
Insurance commissions 0 314 0 734
Investment securities gains, net 6 32 48 49
Other 974 1,773 3,717 2,131
Total noninterest income 8,269 8,796 18,424 14,206
Noninterest expense        
Compensation and employee benefits 15,682 16,409 32,299 28,988
Occupancy expense of premises, net 2,253 2,127 4,594 4,006
Equipment 2,010 1,914 3,890 3,285
Legal and professional 1,382 3,291 2,917 4,256
Data processing 1,240 1,008 2,594 1,853
Marketing 910 869 1,972 1,475
Amortization of intangibles 1,748 930 3,776 1,382
FDIC insurance 445 434 893 804
Communications 449 377 906 719
Foreclosed assets, net 34 84 172 142
Other 1,885 1,597 4,026 2,747
Total noninterest expense 28,038 29,040 58,039 49,657
Income before income tax expense 14,258 13,892 10,085 23,067
Income tax expense 2,546 3,218 348 5,108
Net income $ 11,712 $ 10,674 $ 9,737 $ 17,959
Earnings Per Share [Abstract]        
Earnings - basic (in dollars per share) $ 0.73 $ 0.72 $ 0.60 $ 1.33
Earnings - diluted (in dollars per share) 0.73 0.72 0.60 1.33
Dividends paid (in dollars per share) $ 0.2200 $ 0.2025 $ 0.4400 $ 0.4050