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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
INTEREST INCOME    
Interest and fees on loans $ 55,297 $ 53,960
Interest on investment securities:    
Taxable interest income 5,474 4,737
Tax-exempt interest income 164 337
Other, principally overnight investments 1,098 2,701
Total interest income 62,033 61,735
INTEREST EXPENSE    
Savings, checking and money market accounts 2,359 2,009
Time deposits of $100,000 or more 2,924 3,178
Other time deposits 490 390
Borrowings 1,501 2,797
Total interest expense 7,274 8,374
Net interest income 54,759 53,361
Provision for loan losses 5,590 500
Net interest income after provision for loan losses 49,169 52,861
NONINTEREST INCOME    
Service charges on deposit accounts 3,337 2,945
Other service charges, commissions and fees 4,069 4,506
Fees from presold mortgage loans 1,841 545
Commissions from sales of insurance and financial products 2,068 2,029
SBA consulting fees 1,027 1,263
SBA loan sale gains 647 2,062
Bank-owned life insurance income 642 646
Other gains (losses), net 74 82
Total noninterest income 13,705 14,078
NONINTEREST EXPENSES    
Salaries expense 20,110 18,965
Employee benefits expense 4,547 4,588
Total personnel expense 24,657 23,553
Occupancy expense 2,958 2,754
Equipment related expenses 1,145 1,369
Merger and acquisition expenses 0 110
Intangibles amortization expense 1,055 1,332
Foreclosed property losses, net 159 245
Other operating expenses 10,102 9,411
Total noninterest expenses 40,076 38,774
Income before income taxes 22,798 28,165
Income tax expense 4,618 5,880
Net income $ 18,180 $ 22,285
Earnings per common share:    
Basic (in dollars per share) $ 0.62 $ 0.75
Diluted (in dollars per share) 0.62 0.75
Dividends declared per common share (in dollars per share) $ 0.18 $ 0.12
Weighted average common shares outstanding:    
Basic (in shares) 29,230,788 29,587,217
Diluted (in shares) 29,399,114 29,743,395