XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest Income        
Interest and fees on loans $ 30,132 $ 30,393 $ 86,328 $ 92,020
Interest on securities available for sale        
Taxable 3,922 3,450 10,374 9,356
Tax-exempt 1,597 954 4,525 2,137
Other investments 204 237 629 854
Total Interest Income 35,855 35,034 101,856 104,367
Interest Expense        
Deposits 1,090 2,062 3,488 9,150
Other borrowings and subordinated debt and debentures 962 1,006 2,888 2,598
Total Interest Expense 2,052 3,068 6,376 11,748
Net Interest Income 33,803 31,966 95,480 92,619
Provision for credit losses [1] (659)   (2,558)  
Provision for credit losses [1]   975   12,884
Net Interest Income After Provision for Credit Losses 34,462 30,991 98,038 79,735
Non-interest Income        
Interchange income 4,237 3,428 10,739 8,411
Service charges on deposit accounts 2,944 2,085 7,178 6,299
Net gains on assets        
Mortgage loans 8,361 20,205 30,280 46,687
Securities available for sale 5 0 1,421 253
Mortgage loan servicing, net 1,271 (644) 4,476 (8,966)
Other 2,877 1,937 6,778 5,698
Total Non-interest Income 19,695 27,011 60,872 58,382
Non-interest Expense        
Compensation and employee benefits 21,659 21,954 60,064 54,742
Data processing 3,022 2,215 7,972 6,160
Occupancy, net 2,082 2,199 6,578 6,818
Interchange expense 1,202 831 3,351 2,416
Furniture, fixtures and equipment 1,075 999 3,112 3,125
Loan and collection 735 768 2,353 2,329
Communications 683 806 2,341 2,409
Conversion related expenses 275 643 1,636 1,045
Legal and professional 513 566 1,534 1,427
Advertising 666 589 1,319 1,636
FDIC deposit insurance 346 411 983 1,211
Other 2,254 1,660 5,826 6,388
Total Non-interest Expense 34,512 33,641 97,069 89,706
Income Before Income Tax 19,645 24,361 61,841 48,411
Income tax expense 3,683 4,777 11,454 9,245
Net Income $ 15,962 $ 19,584 $ 50,387 $ 39,166
Net Income Per Common Share        
Basic (in dollars per share) [2] $ 0.74 $ 0.90 $ 2.32 $ 1.78
Diluted (in dollars per share) $ 0.73 $ 0.89 $ 2.30 $ 1.76
[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.