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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
INTEREST AND DIVIDEND INCOME        
Loans, including fees $ 66,942 $ 75,498 $ 137,174 $ 157,549
Investment Securities:        
Taxable 3,793 3,791 7,356 8,074
Tax-exempt 690 959 1,503 1,762
Dividends 152 231 325 684
Total Interest and Dividend Income 71,577 80,479 146,358 168,069
INTEREST EXPENSE        
Deposits 2,652 9,227 6,133 24,565
Borrowings and junior subordinated debt securities 621 1,104 1,263 3,320
Total Interest Expense 3,273 10,331 7,396 27,885
NET INTEREST INCOME 68,304 70,148 138,962 140,184
Provision for credit losses (2,561) (86,759) (5,699) (106,809)
Net Interest Income After Provision for Credit Losses 65,743 (16,611) 133,263 33,375
NONINTEREST INCOME        
Net gain on sale of securities 29 142 29 142
Mortgage banking 4,744 3,612 6,044 7,093
Commercial loan swap income 299 945 393 3,429
Other 1,809 2,511 4,062 1,334
Total Noninterest Income 15,424 15,224 32,661 27,627
NONINTEREST EXPENSE        
Salaries and employee benefits 24,515 21,419 47,842 42,754
Data processing and information technology 3,787 3,585 8,012 7,453
Occupancy 3,434 3,437 7,261 7,202
Furniture, equipment and software 2,402 3,006 5,042 5,525
Professional services and legal 1,637 1,932 3,168 2,980
Other taxes 924 1,048 3,268 1,818
Marketing 996 979 2,318 2,090
FDIC insurance 1,832 1,604 1,970 3,205
Merger related expenses 0 0 0 2,342
Other 6,302 6,468 12,528 14,500
Total Noninterest Expense 45,829 43,478 91,409 89,869
Income (Loss) Before Taxes 35,338 (44,865) 74,515 (28,867)
Income tax expense (benefit) 6,971 (11,793) 14,247 (9,026)
Net Income (Loss) $ 28,367 $ (33,072) $ 60,268 $ (19,841)
Earnings per share—basic (in dollars per share) $ 0.73 $ (0.85) $ 1.54 $ (0.51)
Earnings per share—diluted (in dollars per share) 0.72 (0.85) 1.54 (0.51)
Dividends declared per share (in dollars per share) $ 0.28 $ 0.28 $ 0.56 $ 0.56
Comprehensive Income (Loss) $ 30,911 $ (29,512) $ 54,902 $ 1,061
Debit and credit card        
NONINTEREST INCOME        
Revenues from contract with customers 1,734 2,623 8,906 3,859
Service charges on deposit accounts        
NONINTEREST INCOME        
Revenues from contract with customers 3,642 2,805 7,116 6,821
Wealth management        
NONINTEREST INCOME        
Revenues from contract with customers $ 3,167 $ 2,586 $ 6,111 $ 4,949