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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income    
Loans, including fees $ 37,000 $ 33,749
Federal funds sold and interest bearing due from banks 66 531
Mortgage loans held for sale 64 61
Federal Home Loan Bank stock 57 71
Securities available for sale:    
Taxable 2,295 2,395
Tax-exempt 36 75
Total interest income 39,518 36,882
Interest expense    
Deposits 1,510 3,962
Securities sold under agreements to repurchase 5 16
Federal funds purchased and other short-term borrowings 2 29
Federal Home Loan Bank advance 176 429
Total interest expense 1,693 4,436
Net interest income 37,825 32,446
Provision for credit losses (1,475) 5,925
Net interest income after credit loss expense 39,300 26,521
Non-interest income:    
Non-interest income 6,248 6,218
Mortgage banking income [1] 1,444 846
Bank owned life insurance [1] 161 179
Total non-interest income 13,844 12,536
Non-interest expenses    
Compensation 12,827 12,233
Employee benefits 3,261 3,167
Net occupancy and equipment 2,045 1,831
Technology and communication 2,346 2,063
Debit and credit card processing 705 656
Marketing and business development 524 560
Postage, printing and supplies 409 441
Legal and professional 862 623
FDIC insurance 405 129
Amortization of investments in tax credit partnerships 31 36
Capital and deposit based taxes 458 1,030
Other 1,100 806
Total non-interest expenses 24,973 23,575
Income before income tax expense 28,171 15,482
Income tax expense 5,461 2,250
Net income $ 22,710 $ 13,232
Net income per share, basic (in dollars per share) $ 1.00 $ 0.59
Net income per share, diluted (in dollars per share) $ 0.99 $ 0.58
Weighted average outstanding shares    
Basic (in shares) 22,622 22,516
Diluted (in shares) 22,865 22,736
Fiduciary and Trust [Member]    
Non-interest income:    
Non-interest income $ 6,248 $ 6,218
Deposit Account [Member]    
Non-interest income:    
Non-interest income 944 1,283
Credit and Debit Card [Member]    
Non-interest income:    
Non-interest income 2,273 1,980
Treasury Management [Member]    
Non-interest income:    
Non-interest income 1,540 1,284
Investment Advisory, Management and Administrative Service [Member]    
Non-interest income:    
Non-interest income 464 466
Product and Service, Other [Member]    
Non-interest income:    
Non-interest income $ 770 $ 280
[1] Outside of the scope of ASC 606.