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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest and dividend income:        
Loans, including fees $ 56,999 $ 53,102 $ 166,888 $ 130,455
Investments:        
Taxable securities 9,864 9,189 30,876 23,949
Tax exempt securities 961 1,189 3,095 3,272
Dividends 308 459 973 1,093
Interest bearing cash at Federal Reserve and other banks 757 615 2,694 1,384
Total interest and dividend income 68,889 64,554 204,526 160,153
Interest expense:        
Deposits 3,050 2,072 8,768 4,402
Other borrowings 334 1,178 384 2,106
Junior subordinated debt 817 815 2,501 2,301
Total interest expense 4,201 4,065 11,653 8,809
Net interest income 64,688 60,489 192,873 151,344
Provision for (benefit from reversal of) loan losses (329) 2,651 (1,392) 1,777
Net interest income after provision for (benefit from reversal of) loan losses 65,017 57,838 194,265 149,567
Non-interest income:        
Service charges and fees 10,590 9,743 29,788 28,327
Gain on sale of loans 1,236 539 2,223 1,831
Gain on sale of investment securities 107 207 107 207
Asset management and commission income 721 728 2,102 2,414
Increase in cash value of life insurance 773 732 2,294 1,996
Other 681 387 2,820 1,691
Total non-interest income 14,108 12,336 39,334 36,466
Non-interest expense:        
Salaries and related benefits 26,899 25,823 78,746 68,928
Other 19,445 21,705 59,747 54,298
Total non-interest expense 46,344 47,528 138,493 123,226
Income before provision for income taxes 32,781 22,646 95,106 62,807
Provision for income taxes 9,386 6,476 25,924 17,698
Net income $ 23,395 $ 16,170 $ 69,182 $ 45,109
Earnings per share:        
Earnings Per Share, Basic (in USD per share) $ 0.77 $ 0.54 $ 2.27 $ 1.78
Earnings Per Share, Diluted (in USD per share) $ 0.76 $ 0.53 $ 2.25 $ 1.76