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CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income    
Interest and fees on loans $ 70,462 $ 72,936
Interest and dividends on investment securities:    
Taxable 1,088 2,066
Tax-exempt 766 813
Dividends 256 400
Interest on federal funds sold and other short-term investments 49 499
Total interest income 72,621 76,714
Interest expense    
Deposits 7,585 17,212
Borrowings 3,873 4,221
Total interest expense 11,458 21,433
Net interest income 61,163 55,281
(Reversal of) provision for credit losses (5,766) 16,000
Net interest income after provision for credit losses 66,929 39,281
Noninterest income    
Deposit, loan and other income 1,168 1,287
Income on bank owned life insurance 1,064 967
Net gains on sale of loans held-for-sale 707 393
Net gains on sale of investment securities 29
Gain on sale of branches (674)
Net (losses) gains on equity securities (187) 178
Total noninterest income 3,426 2,854
Noninterest expenses    
Salaries and employee benefits 15,632 14,593
Occupancy and equipment 3,404 3,471
FDIC insurance 935 856
Professional and consulting 1,956 1,574
Marketing and advertising 241 304
Data processing 1,536 1,473
Merger expenses 9,494
Amortization of core deposit intangibles 507 652
Other components of net periodic pension expense (67) (30)
Other expenses 2,341 2,671
Total noninterest expenses 26,485 35,058
Income before income tax expense 43,870 7,077
Income tax expense 10,871 1,047
Net income $ 32,999 $ 6,030
Earnings per common share    
Basic $ 0.83 $ 0.15
Diluted $ 0.82 $ 0.15