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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
INTEREST INCOME    
Interest and fees on loans $ 51,073 $ 55,297
Interest on investment securities:    
Taxable interest income 5,913 5,474
Tax-exempt interest income 323 164
Other, principally overnight investments 700 1,098
Total interest income 58,009 62,033
INTEREST EXPENSE    
Savings, checking and money market accounts 1,314 2,359
Time deposits of $100,000 or more 858 2,924
Other time deposits 216 490
Borrowings 383 1,501
Total interest expense 2,771 7,274
Net interest income 55,238 54,759
Provision for credit losses 0 5,590
Net interest income after provision for credit losses 55,238 49,169
NONINTEREST INCOME    
Service charges on deposit accounts 2,733 3,337
Other service charges, commissions and fees 5,522 4,069
Fees from presold mortgage loans 4,544 1,841
Commissions from sales of insurance and financial products 2,190 2,068
SBA consulting fees 2,764 1,027
SBA loan sale gains 2,330 647
Bank-owned life insurance income 620 642
Other gains (losses), net (34) 74
Total noninterest income 20,669 13,705
NONINTEREST EXPENSES    
Salaries expense 20,131 20,110
Employee benefits expense 4,574 4,547
Total personnel expense 24,705 24,657
Occupancy expense 2,904 2,958
Equipment related expenses 1,045 1,145
Intangibles amortization expense 897 1,055
Foreclosed property losses, net 157 159
Other operating expenses 10,357 10,102
Total noninterest expenses 40,065 40,076
Income before income taxes 35,842 22,798
Income tax expense 7,648 4,618
Net income $ 28,194 $ 18,180
Earnings per common share:    
Basic (in dollars per share) $ 0.99 $ 0.62
Diluted (in dollars per share) 0.99 0.62
Dividends declared per common share (in dollars per share) $ 0.20 $ 0.18
Weighted average common shares outstanding:    
Basic (in shares) 28,357,809 29,230,788
Diluted (in shares) 28,537,853 29,399,114