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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest Income    
Interest and fees on loans $ 28,105 $ 31,764
Interest on securities available for sale    
Taxable 2,796 3,059
Tax-exempt 1,384 390
Other investments 217 366
Total Interest Income 32,502 35,579
Interest Expense    
Deposits 1,256 4,700
Other borrowings and subordinated debt and debentures 962 688
Total Interest Expense 2,218 5,388
Net Interest Income 30,284 30,191
Provision for credit losses [1] (474)  
Provision for credit losses [1]   6,721
Net Interest Income After Provision for Credit Losses 30,758 23,470
Non-Interest Income    
Interchange income 3,049 2,457
Service charges on deposit accounts 1,916 2,591
Net gains on assets    
Mortgage loans 12,828 8,840
Securities available for sale 1,416 253
Mortgage loan servicing, net 5,167 (5,300)
Other 2,030 2,163
Total Non-Interest Income 26,406 11,004
Non-interest Expense    
Compensation and employee benefits 18,522 16,509
Occupancy, net 2,343 2,460
Data processing 2,374 2,355
Furniture, fixtures and equipment 1,003 1,036
Interchange expense 948 859
Communications 881 803
Loan and collection 759 805
Advertising 489 683
Legal and professional 499 393
FDIC deposit insurance 330 370
Other 1,873 2,446
Total Non-interest Expense 30,021 28,719
Income Before Income Tax 27,143 5,755
Income tax expense 5,106 945
Net Income $ 22,037 $ 4,810
Net Income Per Common Share    
Basic (in dollars per share) [2] $ 1.01 $ 0.22
Diluted (in dollars per share) $ 1.00 $ 0.21
[1] Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.
[2] Basic net income per common share includes weighted average common shares outstanding during the period and participating share awards.