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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest and fees on loans        
Taxable $ 26,656 $ 24,786 $ 77,211 $ 71,877
Tax-exempt 151 154 455 467
Interest and dividends on securities        
Interest Income, Securities, Operating, Taxable 1,445 1,566 4,656 4,859
Interest Income, Securities, Operating, Tax Exempt 937 618 2,288 2,307
Interest on interest bearing deposits with other banks 57 125 216 490
Total interest income 29,246 27,249 84,826 80,000
Interest expense        
Interest on deposits 3,552 6,214 13,088 17,745
Interest on short-term borrowings 734 1,371 1,863 4,240
Interest on long-term borrowings and subordinated debentures 194 244 600 758
Total interest expense 4,480 7,829 15,551 22,743
Net interest income 24,766 19,420 69,275 57,257
Provision for credit losses 3,250 500 11,500 1,050
Net interest income after provision for loan losses 21,516 18,920 57,775 56,207
Noninterest income        
Insurance commissions 44 40 75 1,821
Mortgage Origination Revenue 780 77 1,636 392
Realized securities gains, net 1,522 453 2,560 1,535
Bank owned life insurance and annuities income 795 247 1,334 733
Other 69 74 292 235
Total noninterest income 6,207 3,759 14,307 14,799
Noninterest expenses        
Salaries, commissions and employee benefits 8,108 7,044 23,709 21,966
Net occupancy expense 1,057 799 2,917 2,602
Equipment expense 1,474 1,296 4,263 3,694
Professional fees 364 388 1,168 1,266
Marketing and Advertising Expense 145 177 389 484
Amortization of intangibles 412 404 1,251 1,300
FDIC premiums 320 0 595 88
Bank card expense 589 455 1,652 1,367
Foreclosed properties expense, net of losses 607 305 1,815 2,236
Business Combination, Acquisition Related Costs 28 74 1,453 519
Other 2,405 1,864 6,493 6,473
Total noninterest expenses 15,509 12,806 45,705 41,995
Income before income tax expense 12,214 9,873 26,377 29,011
Income tax expense 2,594 1,812 5,302 5,293
Net income $ 9,620 $ 8,061 $ 21,075 $ 23,718
Basic earnings per common share $ 0.74 $ 0.65 $ 1.63 $ 1.89
Diluted earnings per common share $ 0.74 $ 0.65 $ 1.62 $ 1.88
Fiduciary and Trust [Member]        
Noninterest income        
Revenue from Contract with Customer, Including Assessed Tax $ 622 $ 632 $ 1,870 $ 1,830
Deposit Account [Member]        
Noninterest income        
Revenue from Contract with Customer, Including Assessed Tax 1,138 1,312 3,283 3,716
Credit and Debit Card [Member]        
Noninterest income        
Revenue from Contract with Customer, Including Assessed Tax $ 1,237 $ 924 $ 3,257 $ 2,631