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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest and fees on loans    
Taxable $ 43,461 $ 46,054
Tax exempt 104 222
Interest and dividends on securities    
Taxable 1,835 1,973
Tax exempt 2,489 2,006
Other interest income 88 184
Total interest income 47,977 50,439
Interest on deposits 4,218 11,199
Interest on borrowings    
Short-term 7 362
Long-term 73 24
Total interest expense 4,298 11,585
NET INTEREST INCOME 43,679 38,854
Provision for credit losses* 1,477 6,600
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 42,202 32,254
NONINTEREST INCOME    
Wealth advisory fees 2,178 1,859
Investment brokerage fees 464 417
Service charges on deposit accounts 2,491 2,772
Loan and service fees 2,776 2,408
Merchant card fee income 622 669
Bank owned life insurance income (loss) 756 (292)
Interest rate swap fee income 249 653
Mortgage banking income 1,373 586
Net securities gains 753 0
Other income 895 1,705
Total noninterest income 12,557 10,777
NONINTEREST EXPENSE    
Salaries and employee benefits 14,385 11,566
Net occupancy expense 1,503 1,387
Equipment costs 1,445 1,417
Data processing fees and supplies 3,319 2,882
Corporate and business development 1,509 1,111
FDIC insurance and other regulatory fees 464 267
Professional fees 1,877 1,147
Other expense 2,244 2,312
Total noninterest expense 26,746 22,089
INCOME BEFORE INCOME TAX EXPENSE 28,013 20,942
Income tax expense 5,030 3,643
NET INCOME $ 22,983 $ 17,299
BASIC WEIGHTED AVERAGE COMMON SHARES 25,457,659 25,622,988
BASIC EARNINGS PER COMMON SHARE $ 0.90 $ 0.68
DILUTED WEIGHTED AVERAGE COMMON SHARES 25,550,111 25,735,826
DILUTED EARNINGS PER COMMON SHARE $ 0.90 $ 0.67