XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest Income        
Interest and fees on loans $ 31,454 $ 28,091 $ 59,872 $ 56,196
Interest on securities        
Taxable 4,950 3,656 9,502 6,452
Tax-exempt 1,746 1,544 3,300 2,928
Other investments 214 208 431 425
Total Interest Income 38,364 33,499 73,105 66,001
Interest Expense        
Deposits 1,216 1,142 1,983 2,398
Other borrowings and subordinated debt and debentures 1,087 964 2,060 1,926
Total Interest Expense 2,303 2,106 4,043 4,324
Net Interest Income 36,061 31,393 69,062 61,677
Provision for credit losses 2,379 (1,425) 806 (1,899)
Net Interest Income After Provision for Credit Losses 33,682 32,818 68,256 63,576
Non-interest Income        
Interchange income 3,422 3,453 6,504 6,502
Service charges on deposit accounts 3,096 2,318 6,053 4,234
Net gains (losses) on assets        
Mortgage loans 1,253 9,091 2,088 21,919
Securities available for sale (345) 0 (275) 1,416
Mortgage loan servicing, net 4,162 (1,962) 13,803 3,205
Other 3,044 1,871 5,407 3,901
Total Non-interest Income 14,632 14,771 33,580 41,177
Non-interest Expense        
Compensation and employee benefits 19,882 19,883 40,012 38,405
Data processing 2,644 2,576 4,860 4,950
Occupancy, net 2,077 2,153 4,620 4,496
Interchange expense 1,262 1,201 2,273 2,149
Furniture, fixtures and equipment 1,042 1,034 2,087 2,037
Communications 762 777 1,519 1,658
Advertising 560 164 1,240 653
Loan and collection 647 859 1,206 1,618
FDIC deposit insurance 457 307 979 637
Legal and professional 479 522 972 1,021
Costs (recoveries) related to unfunded lending commitments 649 26 294 (6)
Conversion related expense 6 1,143 50 1,361
Other 1,967 1,891 3,772 3,578
Total Non-interest Expense 32,434 32,536 63,884 62,557
Income Before Income Tax 15,880 15,053 37,952 42,196
Income tax expense 2,879 2,665 6,984 7,771
Net Income $ 13,001 $ 12,388 $ 30,968 $ 34,425
Net Income Per Common Share        
Basic (in dollars per share) [1] $ 0.62 $ 0.57 $ 1.47 $ 1.58
Diluted (in dollars per share) $ 0.61 $ 0.56 $ 1.45 $ 1.56
[1] Basic net income per common share includes weighted average common shares outstanding during the period and participating share awards.