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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
INTEREST AND DIVIDEND INCOME        
Interest and fees on loans and leases $ 59,674 $ 54,324 $ 115,100 $ 108,132
Interest on securities 6,264 6,359 12,419 12,448
Other interest and dividend income 608 628 845 890
Total interest and dividend income 66,546 61,311 128,364 121,470
INTEREST EXPENSE        
Deposits 2,128 1,058 3,215 2,479
Other borrowings 1,097 482 1,492 984
Subordinated notes and debentures 1,694 1,597 3,294 3,193
Total interest expense 4,919 3,137 8,001 6,656
Net interest income 61,627 58,174 120,363 114,814
Provision for loan and lease losses 5,908 (1,969) 10,903 2,398
Net interest income after provision/(recapture) for loan and lease losses 55,719 60,143 109,460 112,416
NON-INTEREST INCOME        
Fees and service charges on deposits 2,059 1,768 3,943 3,432
Loan servicing revenue non interest income 3,384 3,188 6,764 5,957
Loan servicing asset revaluation (4,636) (7) (5,867) (1,498)
ATM and interchange fees 1,131 1,044 2,180 2,056
Net realized gains (losses) on securities available-for-sale 52 136 52 1,326
Change in fair value of equity securities, net (697) 517 (732) 311
Net gains on sales of loans 9,983 12,270 20,810 20,589
Wealth management and trust income 900 722 1,948 1,490
Other non-interest income 1,985 1,622 4,489 3,081
Total non-interest income 14,161 21,002 33,587 36,744
NON-INTEREST EXPENSE        
Salaries and employee benefits 27,697 24,588 56,656 46,394
Occupancy and equipment expense, net 4,409 4,856 9,537 10,635
Impairment loss on assets held for sale 0 1,943 0 2,547
Loan and lease related expenses (942) 1,503 51 2,454
Legal, audit and other professional fees 1,820 2,898 4,420 5,112
Data processing 3,396 2,847 6,582 5,602
Net loss recognized on other real estate owned and other related expenses 158 389 212 1,010
Other intangible assets amortization expense 1,868 1,848 3,464 3,597
Other non-interest expense 3,483 2,109 7,406 4,472
Total non-interest expense 43,773 42,981 88,328 81,823
INCOME BEFORE PROVISION FOR INCOME TAXES 26,107 38,164 54,719 67,337
PROVISION FOR INCOME TAXES 5,824 9,672 12,125 17,047
NET INCOME 20,283 28,492 42,594 50,290
Dividends on preferred shares 0 195 196 391
INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 20,283 $ 28,297 $ 42,398 $ 49,899
EARNINGS PER COMMON SHARE        
Basic $ 0.55 $ 0.75 $ 1.14 $ 1.31
Diluted $ 0.54 $ 0.73 $ 1.12 $ 1.29