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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income:    
Loans $ 36,038 $ 41,895
Taxable investment securities 2,323 512
Tax-exempt investment securities 8,965 6,206
MBS 6,088 11,534
FHLB stock and equity investments 136 425
Other interest earning assets 15 180
Total interest income 53,565 60,752
Interest expense:    
Deposits 2,597 9,919
FHLB borrowings 1,908 3,974
Subordinated notes 2,395 1,411
Trust preferred subordinated debentures 351 600
Other borrowings 11 147
Total interest expense 7,262 16,051
Net interest income 46,303 44,701
Provision for credit losses (10,149) 25,247
Net interest income after provision for credit losses 56,452 19,454
Noninterest income:    
Deposit services 6,125 6,279
Net gain on sale of securities AFS 2,003 5,541
Gain on sale of loans 593 170
Trust fees 1,383 1,305
BOLI 626 569
Brokerage services 780 580
Other 2,113 1,054
Total noninterest income 13,623 15,498
Noninterest expense:    
Salaries and employee benefits 20,044 19,643
Net occupancy 3,560 3,311
Advertising, travel & entertainment 437 832
ATM expense 238 224
Professional fees 991 1,195
Software and data processing 1,312 1,227
Communications 525 493
FDIC insurance 454 25
Amortization of intangibles 766 980
Other 2,907 2,590
Total noninterest expense 31,234 30,520
Income before income tax expense 38,841 4,432
Income tax expense 4,750 479
Net income $ 34,091 $ 3,953
Earnings per common share - basic (in dollars per share) $ 1.04 $ 0.12
Earnings per common share - diluted (in dollars per share) 1.04 0.12
Cash dividends paid per common share (in dollars per share) $ 0.32 $ 0.31