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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest and dividend income:        
Interest and fees on loans $ 40,999 $ 32,480 $ 117,597 $ 93,749
Interest and dividends on securities:        
Taxable interest and dividends 3,436 3,924 10,894 11,758
Tax exempt interest 1,877 828 4,985 2,375
Interest on federal funds sold and interest bearing deposits in other banks 26 9 258 203
Total interest income 46,338 37,241 133,734 108,085
Interest expense:        
Interest on deposits 4,912 5,061 15,544 14,747
Interest on borrowed funds 1,453 1,721 4,973 4,976
Total interest expense 6,365 6,782 20,517 19,723
Net interest income 39,973 30,459 113,217 88,362
Provision for loan losses 6,921 974 21,628 2,888
Net interest income after provision for loan losses 33,052 29,485 91,589 85,474
Non-interest income:        
Gain on sale of securities 32 57 278 131
Gain on acquisition     7,023 0
Gain on sale of premises and equipment   19 461 11
Total non-interest income 8,794 7,103 30,948 19,373
Non-interest expense:        
Salaries and employee benefits 15,494 11,612 44,589 33,924
Occupancy and equipment 3,826 2,632 9,943 7,606
Acquisition and integration charges 238 705 3,273 3,975
Other 7,378 5,876 20,640 18,104
Total non-interest expense 26,936 20,825 78,445 63,609
Income before income taxes 14,910 15,763 44,092 41,238
Income tax expense 2,993 3,491 6,921 9,348
Net income $ 11,917 $ 12,272 $ 37,171 $ 31,890
Earnings per share:        
Basic earnings per share $ 0.56 $ 0.72 $ 1.81 $ 1.91
Diluted earnings per share $ 0.55 $ 0.71 $ 1.80 $ 1.90
Service charges on deposit accounts        
Non-interest income:        
Total non-interest income $ 1,779 $ 1,979 $ 5,289 $ 5,727
Other service charges and fees        
Non-interest income:        
Other service charges and fees $ 6,983 $ 5,048 $ 17,897 $ 13,504