XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest Income    
Loans and fees $ 67,809 $ 58,778
Federal funds sold and interest-bearing deposits with banks 182 37
Taxable investment securities and other 6,709 3,981
Tax-exempt investment securities 1,302 612
Total Interest Income 76,002 63,408
Interest Expense    
Deposits 4,039 5,124
Federal funds purchased and securities sold under agreements to repurchase 20 23
Other borrowings 1,555 1,533
Total Interest Expense 5,614 6,680
Net Interest Income 70,388 56,728
Provision (benefit) for credit losses 6,272 (2,642)
Net Interest Income after Provision (Benefit) for Credit Losses 64,116 59,370
Noninterest Income    
Service charges on deposit accounts 2,626 2,296
Commissions and fees 2,106 1,598
Income on bank owned life insurance 830 634
Loss on equity securities (485) (144)
Gains on sales of loans held for sale 1,426 708
Swap income 0 562
Other income 277 105
Total Noninterest Income 6,780 5,759
Noninterest Expense    
Compensation and employee benefits 27,679 20,518
Premises and equipment 7,972 6,318
FDIC insurance expense 672 711
Data processing expense 1,670 1,255
Merger related expenses 4,585 0
Other expenses 7,381 5,101
Total Noninterest Expense 49,959 33,903
Income before provision for income taxes 20,937 31,226
Provision for income taxes 5,008 8,051
Net Income $ 15,929 $ 23,175
Per Share of Common Stock    
Basic earnings (in usd per share) $ 0.25 $ 0.45
Diluted earnings (in usd per share) 0.25 0.45
Dividends (in usd per share) $ 0.135 $ 0.125