XML 16 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Income (Loss) - 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 $ 58,039 $ 56,999 $ 172,706 $ 166,888
Investments:        
Taxable securities 6,153 9,864 21,830 30,876
Tax exempt securities 848 961 2,704 3,095
Dividends 223 308 807 973
Interest bearing cash at Federal Reserve and other banks 175 757 1,056 2,694
Total interest and dividend income 65,438 68,889 199,103 204,526
Interest expense:        
Deposits 1,412 3,050 5,776 8,768
Other borrowings 4 334 13 384
Junior subordinated debt 568 817 2,009 2,501
Total interest expense 1,984 4,201 7,798 11,653
Net interest income 63,454 64,688 191,305 192,873
Provision for (reversal of) credit losses 7,649 (329) 37,963 (1,392)
Net interest income after credit loss provision (reversal) 55,805 65,017 153,342 194,265
Non-interest income:        
Service charges and fees 10,469 10,590 27,763 29,788
Gain on sale of loans 3,035 1,236 5,662 2,223
Gain on sale of investment securities 7 107 7 107
Asset management and commission income 667 721 2,244 2,102
Increase in cash value of life insurance 773 773 2,203 2,294
Other 186 681 735 2,820
Total non-interest income 15,137 14,108 38,614 39,334
Non-interest expense:        
Salaries and related benefits 29,321 26,899 83,648 78,746
Other 17,393 19,445 53,365 59,747
Total non-interest expense 46,714 46,344 137,013 138,493
Income before provision for income taxes 24,228 32,781 54,943 95,106
Provision for income taxes 6,622 9,386 13,786 25,924
Net income $ 17,606 $ 23,395 $ 41,157 $ 69,182
Per share data:        
Basic earnings per share (in USD per share) $ 0.59 $ 0.77 $ 1.37 $ 2.27
Diluted earnings per share (in USD per share) 0.59 0.76 1.37 2.25
Dividend per share (in USD per share) $ 0.22 $ 0.22 $ 0.66 $ 0.60