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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 INCOME        
Loans and fees $ 56,801 $ 58,563 $ 170,483 $ 175,324
Federal funds sold and interest-bearing deposits with banks 92 695 287 1,297
Taxable investment securities and other 4,139 5,007 14,131 14,865
Tax-exempt investment securities 401 361 1,082 1,165
TOTAL INTEREST INCOME 61,433 64,626 185,983 192,651
INTEREST EXPENSE        
Deposits 7,012 13,267 25,969 37,526
Federal funds purchased and securities sold under agreements to repurchase 27 231 531 1,333
Other borrowings 2,260 2,446 6,931 7,306
TOTAL INTEREST EXPENSE 9,299 15,944 33,431 46,165
NET INTEREST INCOME 52,134 48,682 152,552 146,486
Provision for loan losses 8,000 536 26,223 1,044
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 44,134 48,146 126,329 145,442
NONINTEREST INCOME        
Service charges on deposit accounts 2,288 2,851 6,663 8,179
Commissions and fees 1,667 1,545 4,503 4,682
Income on bank owned life insurance 670 691 2,000 2,064
(Loss) gain on equity securities (170) 72 (625) 525
Gains on sales of loans 1,437 486 2,562 1,285
Gains on sales of investment securities, net 0 0 342 0
Swap income 624 730 4,234 1,585
Other income 257 325 586 492
Total Noninterest Income 6,773 6,700 20,265 18,812
NONINTEREST EXPENSE        
Salaries and employee benefits 19,694 19,062 60,198 57,672
Net occupancy expense 2,692 2,767 8,016 8,350
Furniture and equipment 2,890 2,084 8,233 6,365
FDIC insurance expense 625 (420) 1,373 431
Stationery, supplies and postage 488 366 1,268 1,214
Marketing expense 381 423 840 1,430
Data processing expense 1,211 1,248 3,900 3,800
Telecommunications expense 501 480 1,399 1,451
ATM and debit card expense 615 588 1,738 1,773
Core deposit intangible amortization 250 288 776 893
Other real estate and repossessed asset expense (income) (2) 29 53 223
Long-term debt prepayment fee 0 0 356 0
Merger related expenses 0 0 0 3,178
Other expenses 2,752 2,648 7,913 8,453
TOTAL NONINTEREST EXPENSE 32,097 29,563 96,063 95,233
Income before provision for income taxes 18,810 25,283 50,531 69,021
Provision for income taxes 4,383 6,409 11,861 17,064
NET INCOME $ 14,427 $ 18,874 $ 38,670 $ 51,957
Earnings Per Share [Abstract]        
Basic earnings (in usd per share) $ 0.28 $ 0.37 $ 0.76 $ 1.02
Diluted earnings (in usd per share) 0.28 0.37 0.76 1.02
Common stock, dividends price per share (in usd per share) $ 0.125 $ 0.125 $ 0.375 $ 0.365