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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 $ 30,560 $ 34,045
Taxable interest on investments 3,829 4,878
Nontaxable interest on investments 728 787
Dividend income 105 168
Other interest income 166 335
Total interest income 35,388 40,213
Interest Expense    
Interest on deposits 2,063 6,662
Interest on borrowings 156 838
Interest on subordinated debentures 805 887
Total interest expense 3,024 8,387
Net interest income 32,364 31,826
(Credit) provision for credit losses (1,956) 1,775
Net interest income after (credit) provision for credit losses 34,320 30,051
Non-Interest Income    
Mortgage banking income, net 7,109 3,534
Brokerage and insurance commissions 953 657
Bank-owned life insurance 594 689
Customer loan swap fees 0 114
Other income 758 754
Total non-interest income 15,215 11,403
Non-Interest Expense    
Salaries and employee benefits 14,522 14,327
Furniture, equipment and data processing 3,027 2,790
Net occupancy costs 1,951 2,003
Debit card expense 986 934
Consulting and professional fees 863 783
Regulatory assessments 503 162
Amortization of core deposit intangible assets 164 170
Other real estate owned and collection (recoveries) costs, net (191) 101
Other expenses 3,074 3,291
Total non-interest expense 24,899 24,561
Income before income tax expense 24,636 16,893
Income Tax Expense 4,896 3,400
Net Income $ 19,740 $ 13,493
Per Share Data    
Basic earnings per share $ 1.32 $ 0.89
Diluted earnings per share $ 1.31 $ 0.89
Weighted average number of common shares outstanding 14,916,387 15,103,176
Diluted weighted average number of common shares outstanding 14,994,534 15,147,218
Cash dividends declared per share $ 0.36 $ 0.33
Debit Card [Member]    
Non-Interest Income    
Revenue $ 2,736 $ 2,141
Deposit Account [Member]    
Non-Interest Income    
Revenue 1,539 2,012
Fiduciary and Trust [Member]    
Non-Interest Income    
Revenue $ 1,526 $ 1,502