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Condensed Consolidated Statements of Income (unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income:        
Interest and fees on loans $ 31,382,000 $ 31,539,000 $ 61,409,000 $ 63,643,000
Interest on investment securities 4,077,000 5,436,000 8,666,000 10,645,000
Interest on certificates of deposit investments 21,000 37,000 52,000 75,000
Interest on federal funds sold   4,000 2,000 7,000
Interest on deposits with other financial institutions 55,000 555,000 147,000 1,252,000
Total interest income 35,535,000 37,571,000 70,276,000 75,622,000
Interest expense:        
Interest on deposits 3,105,000 4,940,000 6,966,000 9,318,000
Interest on securities sold under agreements to repurchase 158,000 215,000 352,000 475,000
Interest on FHLB borrowings 505,000 696,000 1,085,000 1,419,000
Interest on other borrowings 11,000 1,000 26,000 1,000
Interest on subordinated debentures 174,000 406,000 392,000 844,000
Total interest expense 3,953,000 6,258,000 8,821,000 12,057,000
Net interest income 31,582,000 31,313,000 61,455,000 63,565,000
Provision for loan losses 6,136,000 91,000 11,617,000 1,038,000
Net interest income after provision for loan losses 25,446,000 31,222,000 49,838,000 62,527,000
Other income:        
Wealth management revenues 3,827,000 3,587,000 7,453,000 7,232,000
Insurance commissions 4,088,000 3,760,000 10,709,000 9,315,000
Service charges 1,111,000 1,959,000 2,889,000 3,761,000
Securities gains, net 287,000 218,000 818,000 272,000
Mortgage banking revenue, net 1,236,000 346,000 1,544,000 585,000
ATM / debit card revenue 2,239,000 2,202,000 4,226,000 4,218,000
Bank owned life insurance 428,000 447,000 859,000 877,000
Other 669,000 1,069,000 1,897,000 1,967,000
Total other income 13,885,000 13,588,000 30,395,000 28,227,000
Other expense:        
Salaries and employee benefits 15,455,000 15,565,000 31,955,000 32,139,000
Net occupancy and equipment expense 4,141,000 4,543,000 8,383,000 8,998,000
Net other real estate owned expense (2,000) 188,000 (48,000) 241,000
FDIC insurance 289,000 197,000 382,000 476,000
Amortization of intangible assets 1,290,000 1,823,000 2,585,000 3,179,000
Stationery and supplies 275,000 264,000 543,000 551,000
Legal and professional 1,489,000 1,304,000 2,887,000 2,498,000
ATM / debit card 274,000 829,000 879,000 1,632,000
Marketing and donations 314,000 481,000 795,000 935,000
Other 2,573,000 4,993,000 5,468,000 7,848,000
Total other expense 26,098,000 30,187,000 53,829,000 58,497,000
Income before income taxes 13,233,000 14,623,000 26,404,000 32,257,000
Income taxes 3,096,000 3,642,000 6,268,000 7,960,000
Net income $ 10,137,000 $ 10,981,000 $ 20,136,000 $ 24,297,000
Per share data:        
Basic net income per common share $ 0.61 $ 0.66 $ 1.21 $ 1.46
Diluted net income per common share 0.60 0.66 1.20 1.45
Cash dividends declared per common share $ 0.40 $ 0.36 $ 0.40 $ 0.36