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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest and dividend income:        
Interest and fees on loans $ 37,480 $ 40,999 $ 114,368 $ 117,597
Interest and dividends on securities:        
Taxable interest and dividends 5,033 3,433 12,641 10,815
Tax exempt interest 1,905 1,877 5,748 4,985
Interest on federal funds sold and interest bearing deposits in other banks 17 29 103 337
Total interest income 44,435 46,338 132,860 133,734
Interest expense:        
Interest on deposits 2,588 4,912 9,752 15,544
Interest on borrowed funds 1,819 1,453 5,801 4,973
Total interest expense 4,407 6,365 15,553 20,517
Net interest income 40,028 39,973 117,307 113,217
Provision for credit losses 0 6,921 0 21,628
Net interest income after provision for credit losses 40,028 33,052 117,307 91,589
Non-interest income:        
Service charges on deposit accounts 1,846 1,779 5,363 5,289
Gain on securities 11 32 107 278
Gain on acquisition 0 0 0 7,023
(Loss) gain on sale of premises and equipment (397) 0 (383) 461
Other 8,126 6,983 22,794 17,897
Total non-interest income 9,586 8,794 27,881 30,948
Non-interest expense:        
Salaries and employee benefits 16,246 15,494 48,337 44,589
Occupancy and equipment 3,922 3,826 11,614 9,943
Acquisition and integration charges 5 238 5 3,273
Other 8,880 7,378 23,814 20,640
Total non-interest expense 29,053 26,936 83,770 78,445
Income before income taxes 20,561 14,910 61,418 44,092
Income tax expense 4,429 2,993 13,042 6,921
Net income $ 16,132 $ 11,917 $ 48,376 $ 37,171
Earnings per share:        
Basic earnings per share $ 0.77 $ 0.56 $ 2.30 $ 1.81
Diluted earnings per share $ 0.76 $ 0.55 $ 2.28 $ 1.80