XML 17 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest and dividend income:        
Loans, including fees $ 58,409 $ 55,491 $ 114,667 $ 109,889
Investments:        
Taxable securities 7,466 10,457 15,677 21,012
Tax exempt securities 952 1,061 1,856 2,134
Dividends 223 305 584 665
Interest bearing cash at Federal Reserve and other banks 98 866 881 1,937
Total interest and dividend income 67,148 68,180 133,665 135,637
Interest expense:        
Deposits 1,813 2,999 4,364 5,718
Other borrowings 4 37 9 50
Junior subordinated debt 672 829 1,441 1,684
Total interest expense 2,489 3,865 5,814 7,452
Net interest income 64,659 64,315 127,851 128,185
Provision for (reversal of) credit losses 22,089 537 30,089 (1,063)
Net interest income after credit loss provision (reversal) 42,570 63,778 97,762 129,248
Non-interest income:        
Service charges and fees 8,168 10,128 17,294 19,198
Gain on sale of loans 1,736 575 2,627 987
Gain on sale of investment securities 0 0 0 0
Asset management and commission income 661 739 1,577 1,381
Increase in cash value of life insurance 710 746 1,430 1,521
Other 382 1,235 549 2,139
Total non-interest income 11,657 13,423 23,477 25,226
Non-interest expense:        
Salaries and related benefits 27,055 26,719 54,327 51,847
Other 18,650 19,978 36,197 40,302
Total non-interest expense 45,705 46,697 90,524 92,149
Income before provision for income taxes 8,522 30,504 30,715 62,325
Provision for income taxes 1,092 7,443 7,164 16,538
Net income $ 7,430 $ 23,061 $ 23,551 $ 45,787
Per share data:        
Basic earnings per share (in USD per share) $ 0.25 $ 0.76 $ 0.78 $ 1.50
Diluted earnings per share (in USD per share) 0.25 0.75 0.78 1.49
Dividend per share (in USD per share) $ 0.22 $ 0.19 $ 0.44 $ 0.38