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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest and fees on loans        
Taxable $ 25,466 $ 24,184 $ 50,555 $ 47,090
Tax-exempt 158 168 304 314
Interest and dividends on securities        
Interest Income, Securities, Operating, Taxable 1,453 1,607 3,211 3,292
Interest Income, Securities, Operating, Tax Exempt 800 789 1,352 1,689
Interest on interest bearing deposits with other banks 60 134 158 365
Total interest income 27,937 26,882 55,580 52,750
Interest expense        
Interest on deposits 4,186 5,967 9,537 11,531
Interest on short-term borrowings 499 1,397 1,129 2,869
Interest on long-term borrowings and subordinated debentures 186 255 405 514
Total interest expense 4,871 7,619 11,071 14,914
Net interest income 23,066 19,263 44,509 37,836
Provision for credit losses 3,000 300 8,250 550
Net interest income after provision for loan losses 20,066 18,963 36,259 37,286
Noninterest income        
Insurance commissions 24 606 31 1,780
Mortgage Origination Revenue 641 164 855 315
Realized securities gains, net 0 1,086 1,038 1,082
Bank owned life insurance and annuities income 275 248 539 486
Other 107 71 224 161
Total noninterest income 3,598 6,810 8,099 11,040
Noninterest expenses        
Salaries, commissions and employee benefits 7,930 7,576 15,601 14,923
Net occupancy expense 977 880 1,860 1,803
Equipment expense 1,360 1,219 2,789 2,398
Professional fees 417 475 804 878
Marketing and Advertising Expense 93 155 244 308
Amortization of intangibles 410 420 839 897
FDIC premiums 110 88 275 88
Bank card expense 560 473 1,063 911
Foreclosed properties expense, net of losses 240 1,545 1,207 1,930
Business Combination, Acquisition Related Costs 637 382 1,425 445
Other 2,463 2,116 4,088 4,608
Total noninterest expenses 15,197 15,329 30,195 29,189
Income before income tax expense 8,467 10,444 14,163 19,137
Income tax expense 1,518 1,880 2,708 3,481
Net income $ 6,949 $ 8,564 $ 11,455 $ 15,656
Basic earnings per common share $ 0.54 $ 0.68 $ 0.89 $ 1.24
Diluted earnings per common share $ 0.54 $ 0.68 $ 0.88 $ 1.23
Fiduciary and Trust [Member]        
Noninterest income        
Revenue from Contract with Customer, Including Assessed Tax $ 582 $ 612 $ 1,247 $ 1,198
Deposit Account [Member]        
Noninterest income        
Revenue from Contract with Customer, Including Assessed Tax 882 1,224 2,145 2,405
Credit and Debit Card [Member]        
Noninterest income        
Revenue from Contract with Customer, Including Assessed Tax $ 1,087 $ 893 $ 2,020 $ 1,707