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CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) 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        
Loans, including fees $ 72,263 $ 75,080 $ 229,812 $ 223,200
Investment Securities:        
Taxable 3,473 3,552 11,547 10,989
Tax-exempt 885 787 2,646 2,466
Dividends 227 394 911 1,373
Total Interest and Dividend Income 76,848 79,813 244,916 238,028
INTEREST EXPENSE        
Deposits 6,626 16,207 31,191 47,243
Borrowings and junior subordinated debt securities 946 2,410 4,265 8,406
Total Interest Expense 7,572 18,617 35,456 55,649
NET INTEREST INCOME 69,276 61,196 209,460 182,379
Provision for credit losses 17,485 4,913 124,294 12,767
Net Interest Income After Provision for Credit Losses 51,791 56,283 85,166 169,612
NONINTEREST INCOME        
Net gain on sale of securities 0 0 142 0
Mortgage banking 3,964 594 7,823 1,726
Commercial loan swap income 499 1,464 3,928 3,147
Other 2,507 2,017 4,762 6,515
Total Noninterest Income 16,483 13,063 44,110 37,326
NONINTEREST EXPENSE        
Salaries and employee benefits 24,571 19,936 67,326 61,135
Data processing and information technology 4,218 3,681 11,671 10,327
Net occupancy 3,441 2,898 10,643 8,883
Furniture, equipment and software 2,440 2,090 7,965 6,621
Professional services and legal 1,911 1,054 4,890 3,382
FDIC insurance 1,900 (675) 3,718 536
Marketing 1,793 1,062 3,883 3,514
Other taxes 1,612 1,540 4,816 4,182
Merger related expenses 0 552 2,342 1,171
Other 6,360 5,529 20,861 17,187
Total Noninterest Expense 48,246 37,667 138,115 116,938
Income (Loss) Before Taxes 20,028 31,679 (8,839) 90,000
Income tax expense (benefit) 3,323 4,743 (5,703) 14,035
Net Income (Loss) $ 16,705 $ 26,936 $ (3,136) $ 75,965
Earnings (loss) per share—basic (in dollars per share) $ 0.43 $ 0.79 $ (0.08) $ 2.22
Earnings (loss) per share—diluted (in dollars per share) 0.43 0.79 (0.08) 2.21
Dividends declared per share (in dollars per share) $ 0.28 $ 0.27 $ 0.84 $ 0.81
Comprehensive Income $ 16,926 $ 29,142 $ 17,967 $ 91,759
Debit and credit card        
NONINTEREST INCOME        
Revenues from contract with customers 4,171 3,475 11,264 9,951
Service charges on deposit accounts        
NONINTEREST INCOME        
Revenues from contract with customers 2,820 3,412 8,720 9,777
Wealth management        
NONINTEREST INCOME        
Revenues from contract with customers $ 2,522 $ 2,101 $ 7,471 $ 6,210