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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest and dividend income:        
Interest and fees on loans $ 37,275 $ 40,593 $ 76,888 $ 76,598
Interest and dividends on securities:        
Taxable interest and dividends 4,017 3,439 7,608 7,383
Tax exempt interest 1,908 1,748 3,843 3,108
Interest on federal funds sold and interest bearing deposits in other banks 38 19 86 308
Total interest income 43,238 45,799 88,425 87,397
Interest expense:        
Interest on deposits 3,315 5,219 7,164 10,632
Interest on borrowed funds 1,873 1,400 3,982 3,520
Total interest expense 5,188 6,619 11,146 14,152
Net interest income 38,050 39,180 77,279 73,245
Provision for credit losses 0 7,606 0 14,708
Net interest income after provision for credit losses 38,050 31,574 77,279 58,537
Non-interest income:        
Gain on sale of securities 77 73 97 246
Gain on acquisition   7,023 0 7,023
Gain on sale of premises and equipment 16 469 12 461
Other 6,973 6,518 14,670 10,913
Total non-interest income 8,822 15,680 18,295 22,154
Non-interest expense:        
Salaries and employee benefits 16,036 15,866 32,091 29,094
Occupancy and equipment 3,813 3,200 7,692 6,118
Acquisition and integration charges   2,295   3,036
Other 7,603 6,709 14,934 13,260
Total non-interest expense 27,452 28,070 54,717 51,508
Income before income taxes 19,420 19,184 40,857 29,183
Income tax expense 3,820 2,241 8,613 3,929
Net income $ 15,600 $ 16,943 $ 32,244 $ 25,254
Earnings per share:        
Basic earnings per share $ 0.74 $ 0.79 $ 1.53 $ 1.26
Diluted earnings per share $ 0.74 $ 0.79 $ 1.52 $ 1.25
Service charges on deposit accounts        
Non-interest income:        
Total non-interest income $ 1,756 $ 1,597 $ 3,516 $ 3,511