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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest and fees on loans        
Taxable $ 28,340 $ 26,656 $ 83,352 $ 77,211
Tax-exempt 76 151 299 455
Interest and dividends on securities        
Interest Income, Securities, Operating, Taxable 1,432 1,445 4,078 4,656
Interest Income, Securities, Operating, Tax Exempt 916 937 2,629 2,288
Interest on interest bearing deposits with other banks 118 57 240 216
Total interest income 30,882 29,246 90,598 84,826
Interest expense        
Interest on deposits 1,832 3,552 6,464 13,088
Interest on short-term borrowings 470 734 1,404 1,863
Interest on long-term borrowings and subordinated debentures 543 194 1,631 600
Total interest expense 2,845 4,480 9,499 15,551
Net interest income 28,037 24,766 81,099 69,275
Provision for credit losses 0 3,250 2,500 11,500
Net interest income after provision for loan losses 28,037 21,516 78,599 57,775
Noninterest income        
Debt Securities, Available-for-sale, Realized Gain (Loss) (68) 1,522 534 2,560
Mortgage Origination Revenue 742 780 2,638 1,636
Bank owned life insurance and annuities income 160 795 733 1,334
Other 168 113 413 367
Total noninterest income 4,567 6,207 14,256 14,307
Noninterest expenses        
Salaries, commissions and employee benefits 8,745 8,108 25,410 23,709
Net occupancy expense 1,254 1,057 3,559 2,917
Equipment expense 1,908 1,474 5,088 4,263
Professional fees 374 364 1,140 1,168
Marketing and Advertising Expense 254 145 482 389
Amortization of intangibles 390 412 1,176 1,251
FDIC premiums 354 320 1,119 595
Bank card expense 705 589 1,964 1,652
Foreclosed properties expense, net of losses 370 607 1,342 1,815
Business Combination, Acquisition Related Costs 273 28 1,167 1,453
Other 2,716 2,405 8,365 6,493
Total noninterest expenses 17,343 15,509 50,812 45,705
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 15,261 12,214 42,043 26,377
Income tax expense 3,023 2,594 8,886 5,302
Net income 12,238 9,620 33,157 21,075
Dividends, Preferred Stock, Cash 225 0 364 0
Net Income (Loss) Available to Common Stockholders, Basic $ 12,013 $ 9,620 $ 32,793 $ 21,075
Basic earnings per common share $ 0.93 $ 0.74 $ 2.53 $ 1.63
Diluted earnings per common share $ 0.92 $ 0.74 $ 2.52 $ 1.62
Fiduciary and Trust [Member]        
Noninterest income        
Revenue from Contract with Customer, Including Assessed Tax $ 718 $ 622 $ 2,039 $ 1,870
Deposit Account [Member]        
Noninterest income        
Revenue from Contract with Customer, Including Assessed Tax 1,338 1,138 3,530 3,283
Credit and Debit Card [Member]        
Noninterest income        
Revenue from Contract with Customer, Including Assessed Tax $ 1,509 $ 1,237 $ 4,369 $ 3,257