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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Loans:    
Taxable $ 53,539 $ 51,882
Tax exempt 836 974
Loans held for sale 191 299
Investment securities:    
Taxable 4,094 3,683
Tax exempt 987 1,066
Nonmarketable equity securities 605 621
Federal funds sold and cash investments 1,062 907
Total interest income 61,314 59,432
Interest expense:    
Deposits 8,362 7,363
Short-term borrowings 101 237
FHLB advances and other borrowings 2,967 3,847
Subordinated debt 2,509 1,514
Trust preferred debentures 724 870
Total interest expense 14,663 13,831
Net interest income 46,651 45,601
Provision for credit losses on loans 10,569 3,243
Net interest income after provision for credit losses on loans 36,082 42,358
Noninterest income:    
Wealth management revenue 5,677 4,953
Commercial FHA revenue 1,267 3,295
Residential mortgage banking revenue 1,755 834
Service charges on deposit accounts 2,656 2,520
Interchange revenue 2,833 2,680
Gain on sales of other real estate owned 15 66
Impairment on commercial mortgage servicing rights (8,468) (25)
Other income 2,863 2,752
Total noninterest income 8,598 17,075
Noninterest expense:    
Salaries and employee benefits 21,063 22,039
Occupancy and equipment 4,869 4,853
Data processing 5,334 4,724
FDIC insurance 1 435
Professional 1,855 2,073
Marketing 981 1,234
Communications 1,290 817
Loan expense 516 360
Other real estate owned 711 93
Amortization of intangible assets 1,762 1,810
Loss on mortgage servicing rights held for sale 496  
Other expense 3,797 2,659
Total noninterest expense 42,675 41,097
Income before income taxes 2,005 18,336
Income taxes 456 4,354
Net income 1,549 13,982
Preferred stock dividends and premium amortization   34
Net income available to common shareholders $ 1,549 $ 13,948
Per common share data:    
Basic earnings per common share $ 0.06 $ 0.58
Diluted earnings per common share $ 0.06 $ 0.57
Weighted average common shares outstanding 24,433,975 23,998,119
Weighted average diluted common shares outstanding 24,538,002 24,204,661