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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest and fees on loans    
Taxable $ 46,054 $ 48,866
Tax exempt 222 251
Interest and dividends on securities    
Taxable 1,973 2,497
Tax exempt 2,006 1,642
Other interest income 184 238
Total interest income 50,439 53,494
Interest on deposits 11,199 13,883
Interest on borrowings    
Short-term 362 950
Long-term 24 452
Total interest expense 11,585 15,285
NET INTEREST INCOME 38,854 38,209
Provision for loan losses 6,600 1,200
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 32,254 37,009
NONINTEREST INCOME    
Wealth advisory fees 1,859 1,620
Investment brokerage fees 417 386
Service charges on deposit accounts 2,772 4,287
Loan and service fees 2,408 2,404
Merchant card fee income 669 622
Bank owned life insurance income (loss) (292) 444
Mortgage banking income 586 222
Net securities gains 0 23
Other income 2,358 1,517
Total noninterest income 10,777 11,525
NONINTEREST EXPENSE    
Salaries and employee benefits 11,566 12,207
Net occupancy expense 1,387 1,366
Equipment costs 1,417 1,349
Data processing fees and supplies 2,882 2,425
Corporate and business development 1,111 1,206
FDIC insurance and other regulatory fees 267 406
Professional fees 1,147 937
Other expense 2,312 2,577
Total noninterest expense 22,089 22,473
INCOME BEFORE INCOME TAX EXPENSE 20,942 26,061
Income tax expense 3,643 4,379
NET INCOME $ 17,299 $ 21,682
BASIC WEIGHTED AVERAGE COMMON SHARES 25,622,988 25,491,750
BASIC EARNINGS PER COMMON SHARE $ 0.68 $ 0.85
DILUTED WEIGHTED AVERAGE COMMON SHARES 25,735,826 25,665,510
DILUTED EARNINGS PER COMMON SHARE $ 0.67 $ 0.84