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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
INTEREST AND DIVIDEND INCOME        
Loans, including fees $ 66,914 $ 72,263 $ 204,088 $ 229,812
Investment Securities:        
Taxable 4,176 3,473 11,532 11,547
Tax-exempt 595 885 2,098 2,646
Dividends 84 227 409 911
Total Interest and Dividend Income 71,769 76,848 218,127 244,916
INTEREST EXPENSE        
Deposits 2,439 6,626 8,572 31,191
Borrowings and junior subordinated debt securities 619 946 1,881 4,265
Total Interest Expense 3,058 7,572 10,453 35,456
NET INTEREST INCOME 68,711 69,276 207,674 209,460
Provision for credit losses (3,388) (17,485) (9,087) (124,294)
Net Interest Income After Provision for Credit Losses 65,323 51,791 198,587 85,166
NONINTEREST INCOME        
Net gain on sale of securities 0 0 29 142
Mortgage banking 2,162 3,964 8,206 7,823
Commercial loan swap income 184 499 577 3,928
Other 1,534 2,024 5,595 3,358
Total Noninterest Income 15,846 16,483 48,507 44,110
NONINTEREST EXPENSE        
Salaries and employee benefits 25,228 24,571 73,070 67,326
Data processing and information technology 4,001 4,218 12,012 11,671
Occupancy 3,660 3,441 10,921 10,643
Furniture, equipment and software 2,745 2,440 7,787 7,965
Other taxes 1,830 1,612 5,098 4,816
Professional services and legal 1,550 1,911 4,718 4,890
Marketing 890 1,793 3,208 3,883
FDIC insurance 1,210 1,900 3,180 3,718
Merger related expenses 0 0 0 2,342
Other 6,127 6,360 18,656 20,861
Total Noninterest Expense 47,241 48,246 138,650 138,115
Income (Loss) Before Taxes 33,928 20,028 108,444 (8,839)
Income tax expense (benefit) 6,330 3,323 20,578 (5,703)
Net Income (Loss) $ 27,598 $ 16,705 $ 87,866 $ (3,136)
Earnings per share—basic (in dollars per share) $ 0.71 $ 0.43 $ 2.25 $ (0.08)
Earnings per share—diluted (in dollars per share) 0.70 0.43 2.24 (0.08)
Dividends declared per share (in dollars per share) $ 0.28 $ 0.28 $ 0.84 $ 0.84
Comprehensive Income $ 22,964 $ 16,926 $ 77,866 $ 17,967
Debit and credit card        
NONINTEREST INCOME        
Revenues from contract with customers 4,579 4,171 13,486 11,264
Service charges on deposit accounts        
NONINTEREST INCOME        
Revenues from contract with customers 3,923 3,303 11,039 10,124
Wealth management        
NONINTEREST INCOME        
Revenues from contract with customers $ 3,464 $ 2,522 $ 9,576 $ 7,471