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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
INTEREST INCOME:    
Interest and fees on loans $ 36,005 $ 28,804
Interest and dividends on securities:    
Taxable interest and dividends 4,034 3,591
Tax exempt interest 1,360 758
Interest on federal funds sold and interest bearing deposits in other banks 199 120
TOTAL INTEREST INCOME 41,598 33,273
INTEREST EXPENSE:    
Interest on deposits 5,414 4,363
Interest on borrowed funds 2,119 1,779
TOTAL INTEREST EXPENSE 7,533 6,142
NET INTEREST INCOME 34,065 27,131
PROVISION FOR LOAN LOSSES 7,102 1,123
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 26,963 26,008
NON-INTEREST INCOME:    
Gain on sale of securities 174 38
TOTAL NON-INTEREST INCOME 6,474 5,554
NON-INTEREST EXPENSE    
Salaries and employee benefits 13,228 10,697
Occupancy and equipment 2,918 2,447
Acquisition and integration charges 740 3,179
Other 6,553 5,570
TOTAL NON-INTEREST EXPENSES 23,439 21,893
INCOME BEFORE INCOME TAXES 9,998 9,669
INCOME TAXES 1,687 2,034
NET INCOME $ 8,311 $ 7,635
Earnings per share:    
BASIC EARNINGS PER SHARE $ 0.44 $ 0.49
DILUTED EARNINGS PER SHARE $ 0.44 $ 0.48
Service charges on deposit accounts    
NON-INTEREST INCOME:    
TOTAL NON-INTEREST INCOME $ 1,914 $ 1,831
Other service charges and fees    
NON-INTEREST INCOME:    
TOTAL NON-INTEREST INCOME $ 4,386 $ 3,685