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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest and dividend income:        
Interest and fees on loans $ 34,663 $ 37,275 $ 68,817 $ 76,888
Interest and dividends on securities:        
Taxable interest and dividends 8,372 4,017 14,524 7,608
Tax exempt interest 2,780 1,908 5,202 3,843
Interest on federal funds sold and interest-bearing deposits in other banks 32 38 45 86
Total interest income 45,847 43,238 88,588 88,425
Interest expense:        
Interest on deposits 1,905 3,315 4,188 7,164
Interest on borrowed funds 1,841 1,873 3,660 3,982
Total interest expense 3,746 5,188 7,848 11,146
Net interest income 42,101 38,050 80,740 77,279
Provision for credit losses, LHFI 450 0 450 0
Provision for credit losses, OBSC exposures 150 0 150 0
Net interest income after provision for credit losses 41,501 38,050 80,140 77,279
Non-interest income:        
Service charges on deposit accounts 2,038 1,756 4,078 3,516
(Loss) gain on securities (80) 77 (83) 97
Gain on acquisition 281 0 281 0
Government awards/grants 171 0 873 0
BOLI death proceeds 0 0 1,630 0
(Loss) gain on sale of premises and equipment (115) 16 (113) 12
Other 6,369 6,973 13,155 14,670
Total non-interest income 8,664 8,822 19,821 18,295
Non-interest expense:        
Salaries and employee benefits 17,237 16,036 34,036 32,091
Occupancy and equipment 3,828 3,813 7,704 7,692
Acquisition expense/charter conversion 1,172 0 1,580 0
Other 8,718 7,603 16,225 14,934
Total non-interest expense 30,955 27,452 59,545 54,717
Income before income taxes 19,210 19,420 40,416 40,857
Income tax expense 3,457 3,820 7,834 8,613
Net Income (Loss) Available to Common Stockholders, Diluted 15,753 15,600 32,582 32,244
Net Income (Loss) Available to Common Stockholders, Basic, Total $ 15,753 $ 15,600 $ 32,582 $ 32,244
Earnings per share:        
Basic earnings per share (in dollars per share) $ 0.77 $ 0.74 $ 1.58 $ 1.53
Diluted earnings per share (in dollars per share) $ 0.76 $ 0.74 $ 1.57 $ 1.52