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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest Income    
Interest and fees on loans $ 28,418 $ 28,105
Interest on securities available for sale    
Taxable 4,552 2,796
Tax-exempt 1,554 1,384
Other investments 217 217
Total Interest Income 34,741 32,502
Interest Expense    
Deposits 767 1,256
Other borrowings and subordinated debt and debentures 973 962
Total Interest Expense 1,740 2,218
Net Interest Income 33,001 30,284
Provision for credit losses (1,573) (474)
Net Interest Income After Provision for Credit Losses 34,574 30,758
Non-interest Income    
Interchange income 3,082 3,049
Service charges on deposit accounts 2,957 1,916
Net gains on assets    
Mortgage loans 835 12,828
Securities available for sale 70 1,416
Mortgage loan servicing, net 9,641 5,167
Other 2,363 2,030
Total Non-interest Income 18,948 26,406
Non-interest Expense    
Compensation and employee benefits 20,130 18,522
Occupancy, net 2,543 2,343
Data processing 2,216 2,374
Furniture, fixtures and equipment 1,045 1,003
Interchange expense 1,011 948
Communications 757 881
Advertising 680 489
Loan and collection 559 759
FDIC deposit insurance 522 330
Legal and professional 493 499
Conversion related expense 44 218
Net gains on other real estate and repossessed assets (55) (180)
Recoveries related to unfunded lending commitments (355) (32)
Other 1,860 1,867
Total Non-interest Expense 31,450 30,021
Income Before Income Tax 22,072 27,143
Income tax expense 4,105 5,106
Net Income $ 17,967 $ 22,037
Net Income Per Common Share    
Basic (in dollars per share) [1] $ 0.85 $ 1.01
Diluted (in dollars per share) $ 0.84 $ 1.00
[1] Basic net income per common share includes weighted average common shares outstanding during the period and participating share awards.