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CONSOLIDATED INCOME STATEMENTS - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income:        
Loans $ 55,134 $ 56,510 $ 110,018 $ 110,345
Securities 6,539 6,186 13,536 12,351
FHLB stock, fed funds sold and interest-bearing deposits 259 612 716 1,156
Total interest income 61,932 63,308 124,270 123,852
Interest expense:        
Deposits 10,914 16,296 25,560 31,744
Borrowings 2,571 5,125 5,395 9,174
Total interest expense 13,485 21,421 30,955 40,918
Net interest income 48,447 41,887 93,315 82,934
Provision for credit losses 1,367 1,231 5,431 1,771
Net interest income after provision for credit losses 47,080 40,656 87,884 81,163
Noninterest income:        
Revenue from contract with customers $ 6,733 $ 7,136 $ 14,495 $ 13,930
Type of Revenue [Extensible List] us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember
Other income $ 2,236 $ 1,995 $ 5,149 $ 3,666
Total noninterest income 8,969 9,131 19,644 17,596
Noninterest expense:        
Compensation and benefits 18,288 17,333 38,145 36,235
Occupancy and depreciation 5,855 5,167 11,367 10,035
Professional services and marketing costs 2,049 2,024 3,803 4,028
Customer service costs 1,622 4,283 3,994 7,672
Other expenses 3,123 3,475 6,500 7,257
Total noninterest expense 30,937 32,282 63,809 65,227
Income before taxes on income 25,112 17,505 43,719 33,532
Taxes on income 7,258 5,095 12,654 9,863
Net income $ 17,854 $ 12,410 $ 31,065 $ 23,669
Net income per share:        
Basic $ 0.40 $ 0.28 $ 0.70 $ 0.53
Diluted $ 0.40 $ 0.28 $ 0.69 $ 0.53
Shares used in computation:        
Basic 44,620,716 44,625,673 44,645,189 44,583,503
Diluted 44,812,369 44,894,720 44,882,520 44,846,779