XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest and fees on loans        
Taxable $ 27,593 $ 25,466 $ 55,012 $ 50,555
Tax-exempt 104 158 222 304
Interest and dividends on securities        
Interest Income, Securities, Operating, Taxable 1,351 1,453 2,646 3,211
Interest Income, Securities, Operating, Tax Exempt 851 800 1,713 1,352
Interest on interest bearing deposits with other banks 56 60 123 158
Total interest income 29,955 27,937 59,716 55,580
Interest expense        
Interest on deposits 2,136 4,186 4,632 9,537
Interest on short-term borrowings 464 499 933 1,129
Interest on long-term borrowings and subordinated debentures 544 186 1,089 405
Total interest expense 3,144 4,871 6,654 11,071
Net interest income 26,811 23,066 53,062 44,509
Provision for credit losses 1,000 3,000 2,500 8,250
Net interest income after provision for loan losses 25,811 20,066 50,562 36,259
Noninterest income        
Mortgage Origination Revenue 898 641 1,896 855
Realized securities gains, net 127 0 602 1,038
Bank owned life insurance and annuities income 275 275 573 539
Other 120 131 244 255
Total noninterest income 4,715 3,598 9,689 8,099
Noninterest expenses        
Salaries, commissions and employee benefits 8,230 7,655 16,665 15,160
Net occupancy expense 1,131 977 2,305 1,860
Equipment expense 1,598 1,360 3,180 2,789
Professional fees 428 417 766 804
Marketing and Advertising Expense 138 93 228 244
Amortization of intangibles 382 410 787 839
FDIC premiums 488 110 765 275
Bank card expense 685 560 1,259 1,063
Foreclosed properties expense, net of losses 746 240 972 1,207
Business Combination, Acquisition Related Costs 454 637 893 1,425
Other 2,756 2,738 5,649 4,529
Total noninterest expenses 17,036 15,197 33,469 30,195
Income before income tax expense 13,490 8,467 26,782 14,163
Income tax expense 2,930 1,518 5,863 2,708
Net income 10,560 6,949 20,919 11,455
Dividends, Preferred Stock, Cash 139 0 139 0
Net Income (Loss) Available to Common Stockholders, Basic $ 10,421 $ 6,949 $ 20,780 $ 11,455
Basic earnings per common share $ 0.80 $ 0.54 $ 1.61 $ 0.89
Diluted earnings per common share $ 0.80 $ 0.54 $ 1.60 $ 0.88
Fiduciary and Trust [Member]        
Noninterest income        
Revenue from Contract with Customer, Including Assessed Tax $ 683 $ 582 $ 1,321 $ 1,247
Deposit Account [Member]        
Noninterest income        
Revenue from Contract with Customer, Including Assessed Tax 1,093 882 2,193 2,145
Credit and Debit Card [Member]        
Noninterest income        
Revenue from Contract with Customer, Including Assessed Tax $ 1,519 $ 1,087 $ 2,860 $ 2,020