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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest Income        
Interest and fees on loans $ 31,185 $ 33,025 $ 92,610 $ 100,190
Taxable interest on investments 5,157 4,480 13,362 14,241
Nontaxable interest on investments 756 823 2,247 2,438
Dividend income 99 163 306 498
Other interest income 182 176 508 691
Total interest income 37,379 38,667 109,033 118,058
Interest Expense        
Interest on deposits 1,973 2,899 5,957 12,953
Interest on borrowings 122 394 454 1,591
Interest on subordinated debentures 538 893 1,983 2,668
Total interest expense 2,633 4,186 8,394 17,212
Net interest income 34,746 34,481 100,639 100,846
Provision (credit) for credit losses 939 987 (4,420) 12,160
Net interest income after provision (credit) for credit losses 33,807 33,494 105,059 88,686
Non-Interest Income        
Mortgage banking income, net 1,913 4,664 11,620 12,889
Brokerage and insurance commissions 993 755 2,885 2,034
Bank-owned life insurance 589 615 1,774 1,918
Customer loan swap fees 0 51 0 222
Other income 955 874 2,569 2,373
Total non-interest income 11,099 12,696 37,634 36,159
Non-Interest Expense        
Salaries and employee benefits 15,902 13,739 45,742 41,693
Furniture, equipment and data processing 2,980 3,076 8,954 8,576
Net occupancy costs 1,813 1,785 5,569 5,785
Debit card expense 1,106 972 3,166 2,784
Consulting and professional fees 792 913 2,652 2,877
Regulatory assessments 522 510 1,512 971
Amortization of core deposit intangible assets 163 170 491 511
Other real estate owned and collection costs (recoveries), net 60 71 (156) 270
Other expenses 2,925 3,985 8,822 9,824
Total non-interest expense 26,263 25,221 76,752 73,291
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 18,643 20,969 65,941 51,554
Income Tax Expense 4,003 4,194 13,418 10,346
Net Income $ 14,640 $ 16,775 $ 52,523 $ 41,208
Per Share Data        
Basic earnings per share $ 0.98 $ 1.12 $ 3.51 $ 2.74
Diluted earnings per share $ 0.97 $ 1.11 $ 3.49 $ 2.73
Weighted average number of common shares outstanding 14,931,056 14,961,465 14,930,387 15,008,004
Diluted weighted average number of common shares outstanding 14,999,013 15,001,047 14,996,541 15,044,427
Cash dividends declared per share $ 0.36 $ 0.33 $ 1.08 $ 0.99
Debit Card        
Non-Interest Income        
Revenue $ 3,278 $ 2,627 $ 9,126 $ 7,159
Fiduciary and Trust        
Non-Interest Income        
Revenue 1,627 1,504 4,860 4,609
Deposit Account        
Non-Interest Income        
Revenue $ 1,744 $ 1,606 $ 4,800 $ 4,955