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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
INTEREST AND DIVIDEND INCOME    
Interest and fees on loans and leases $ 55,426 $ 53,808
Interest on securities 6,155 6,089
Other interest and dividend income 237 262
Total interest and dividend income 61,818 60,159
INTEREST EXPENSE    
Deposits 1,087 1,421
Other borrowings 395 502
Subordinated notes and debentures 1,600 1,596
Total interest expense 3,082 3,519
Net interest income 58,736 56,640
PROVISION FOR LOAN AND LEASE LOSSES 4,995 4,367
Net interest income after provision for loan and lease losses 53,741 52,273
NON-INTEREST INCOME    
Fees and service charges on deposits 1,884 1,664
Loan servicing revenue non interest income 3,380 2,769
Loan servicing asset revaluation (1,231) (1,505)
ATM and interchange fees 1,049 1,012
Net realized gains on securities available-for-sale 0 1,462
Change in fair value of equity securities, net (151) (206)
Net gains on sales of loans 10,827 8,319
Wealth management and trust income 1,048 768
Other non-interest income 2,620 1,459
Total non-interest income 19,426 15,742
NON-INTEREST EXPENSE    
Salaries and employee benefits 28,959 21,806
Occupancy and equipment expense, net 5,128 5,779
Impairment loss on assets held for sale 0 604
Loan and lease related expenses (891) 951
Legal, audit and other professional fees 2,600 2,214
Data processing 3,186 2,755
Net loss recognized on other real estate owned and other related expenses 54 621
Other intangible assets amortization expense 1,596 1,749
Other non-interest expense 3,923 2,363
Total non-interest expense 44,555 38,842
INCOME BEFORE PROVISION FOR INCOME TAXES 28,612 29,173
PROVISION FOR INCOME TAXES 6,301 7,375
NET INCOME 22,311 21,798
Dividends on preferred shares 196 196
INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 22,115 $ 21,602
EARNINGS PER COMMON SHARE    
Basic $ 0.60 $ 0.57
Diluted $ 0.58 $ 0.56