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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
INTEREST AND DIVIDEND INCOME        
Interest and fees on loans and leases $ 56,291 $ 51,036 $ 164,423 $ 155,347
Interest on securities 5,534 7,070 17,982 22,616
Other interest and dividend income 947 128 1,837 1,342
Total interest and dividend income 62,772 58,234 184,242 179,305
INTEREST EXPENSE        
Deposits 986 2,760 3,465 14,810
Other borrowings 349 465 1,333 2,838
Subordinated notes and debentures 1,592 1,485 4,785 2,699
Total interest expense 2,927 4,710 9,583 20,347
Net interest income 59,845 53,524 174,659 158,958
PROVISION FOR LOAN AND LEASE LOSSES 352 15,740 2,750 45,713
Net interest income after provision for loan and lease losses 59,493 37,784 171,909 113,245
NON-INTEREST INCOME        
Total non-interest income 18,495 22,234 55,239 44,370
ATM and interchange fees 1,201 1,028 3,257 3,089
Net realized gains on securities available-for-sale 130 1,037 1,456 2,412
Change in fair value of equity securities, net (275) 154 36 301
Net gains on sales of loans 12,761 12,671 33,350 23,900
Wealth management and trust income 815 693 2,305 1,970
Other non-interest income 1,302 990 4,383 1,946
NON-INTEREST EXPENSE        
Salaries and employee benefits 25,978 23,126 72,372 67,197
Occupancy and equipment expense, net 4,982 5,220 15,617 16,103
Loan and lease related expenses 1,175 2,053 3,629 4,631
Legal, audit and other professional fees 2,710 2,390 7,822 6,802
Data processing 3,108 2,661 8,710 8,152
Net loss recognized on other real estate owned and other related expenses 42 349 1,052 1,324
Other intangible assets amortization expense 1,738 1,947 5,335 5,732
Other non-interest expense 4,447 3,941 11,466 12,460
Total non-interest expense 44,180 41,687 126,003 122,401
INCOME BEFORE PROVISION FOR INCOME TAXES 33,808 18,331 101,145 35,214
PROVISION FOR INCOME TAXES 8,502 5,260 25,549 10,038
NET INCOME 25,306 13,071 75,596 25,176
Dividends on preferred shares 196 196 587 587
INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 25,110 $ 12,875 $ 75,009 $ 24,589
EARNINGS PER COMMON SHARE        
Basic $ 0.68 $ 0.34 $ 1.99 $ 0.65
Diluted $ 0.66 $ 0.34 $ 1.95 $ 0.64
Fees and Service Charges on Deposits [Member]        
NON-INTEREST INCOME        
Total non-interest income $ 1,867 $ 1,603 $ 5,299 $ 4,731
Loan Servicing Revenue [Member]        
NON-INTEREST INCOME        
Total non-interest income 3,344 2,936 9,301 8,674
Loan Servicing Asset Revaluation [Member]        
NON-INTEREST INCOME        
Total non-interest income $ (2,650) $ 1,122 $ (4,148) $ (2,653)