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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest Income    
Loans and fees $ 58,778 $ 57,857
Federal funds sold and interest-bearing deposits with banks 37 159
Taxable investment securities and other 3,981 5,229
Tax-exempt investment securities 612 332
Total Interest Income 63,408 63,577
Interest Expense    
Deposits 5,124 10,863
Federal funds purchased and securities sold under agreements to repurchase 23 429
Other borrowings 1,533 2,386
Total Interest Expense 6,680 13,678
Net Interest Income 56,728 49,899
Provision for credit losses (1) [1] (2,642) 9,223
Net Interest Income after Provision for Credit Losses 59,370 40,676
Noninterest Income    
Service charges on deposit accounts 2,296 2,500
Commissions and fees 1,598 1,640
Income on bank owned life insurance 634 665
Loss on equity securities (144) (653)
Gains on sales of loans 708 415
Gains on sales of investment securities, net 0 342
Swap income 562 2,843
Other income 105 259
Total Noninterest Income 5,759 8,011
Noninterest Expense    
Salaries and employee benefits 20,518 19,727
Net occupancy expense 3,019 2,836
Furniture and equipment 3,299 2,560
FDIC insurance expense 711 298
Stationery, supplies and postage 378 399
Marketing expense 318 227
Data processing expense 1,255 1,253
Telecommunications expense 522 444
ATM and debit card expense 604 587
Core deposit intangible amortization 226 265
Other real estate and repossessed asset expense 0 12
Long-term debt prepayment fee 0 356
Other expenses 3,053 3,540
Total Noninterest Expense 33,903 32,504
Income before provision for income taxes 31,226 16,183
Provision for income taxes 8,051 3,791
Net Income $ 23,175 $ 12,392
Earnings Per Share [Abstract]    
Basic earnings (in usd per share) $ 0.45 $ 0.24
Diluted earnings (in usd per share) 0.45 0.24
Dividends (in usd per share) $ 0.125 $ 0.125
[1] The Company adopted ASU 2016-13 as of December 31, 2020. Prior year periods have not been restated.