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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest and dividend income:    
Loans, including fees $ 60,436 $ 56,258
Investments:    
Taxable securities 6,177 8,211
Tax exempt securities 923 904
Dividends 217 361
Interest bearing cash at Federal Reserve and other banks 163 783
Total interest and dividend income 67,916 66,517
Interest expense:    
Deposits 937 2,551
Other borrowings 4 5
Junior subordinated debt 535 769
Total interest expense 1,476 3,325
Net interest income 66,440 63,192
Provision for (reversal of) credit losses (6,060) 8,070
Net interest income after credit loss provision (reversal) 72,500 55,122
Non-interest income:    
Service charges and fees 10,476 9,126
Gain on sale of loans 3,247 891
Gain on sale of investment securities 0 0
Asset management and commission income 834 916
Increase in cash value of life insurance 673 720
Other 880 167
Total non-interest income 16,110 11,820
Non-interest expense:    
Salaries and related benefits 25,330 27,272
Other 16,288 17,477
Total non-interest expense 41,618 44,749
Income before provision for income taxes 46,992 22,193
Provision for income taxes 13,343 6,072
Net income $ 33,649 $ 16,121
Per share data:    
Basic earnings per share (in USD per share) $ 1.13 $ 0.53
Diluted earnings per share (in USD per share) 1.13 0.53
Dividend per share (in USD per share) $ 0.25 $ 0.22