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Condensed Consolidated Statements of Income (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest income:        
Interest and fees on loans $ 43,292,000 $ 32,151,000 $ 119,973,000 $ 93,560,000
Interest on investment securities 5,835,000 4,074,000 16,416,000 12,740,000
Interest on certificates of deposit investments 14,000 17,000 42,000 69,000
Interest on federal funds sold   1,000   3,000
Interest on deposits with other financial institutions 122,000 52,000 283,000 199,000
Total interest income 49,263,000 36,295,000 136,714,000 106,571,000
Interest expense:        
Interest on deposits 2,234,000 3,168,000 6,980,000 10,134,000
Interest on securities sold under agreements to repurchase 52,000 68,000 179,000 420,000
Interest on FHLB borrowings 359,000 395,000 1,178,000 1,480,000
Interest on other borrowings 0 0 0 26,000
Interest on junior subordinated debentures 137,000   416,000  
Interest on subordinated debentures 985,000 147,000 2,954,000 539,000
Total interest expense 3,767,000 3,778,000 11,707,000 12,599,000
Net interest income 45,496,000 32,517,000 125,007,000 93,972,000
Provision for loan losses 1,103,000 3,883,000 12,679,000 15,500,000
Net interest income after provision for loan losses 44,393,000 28,634,000 112,328,000 78,472,000
Other income:        
Wealth management revenues 4,204,000 3,468,000 14,146,000 10,921,000
Insurance commissions 3,932,000 3,291,000 14,777,000 14,000,000
Service charges 1,838,000 1,446,000 4,741,000 4,335,000
Securities gains, net 11,000 95,000 88,000 913,000
Mortgage banking income 1,477,000 1,661,000 4,577,000 3,205,000
ATM / debit card revenue 3,060,000 2,367,000 8,900,000 6,593,000
Bank owned life insurance 813,000 434,000 2,211,000 1,293,000
Other 1,024,000 816,000 2,952,000 2,713,000
Total other income 16,359,000 13,578,000 52,392,000 43,973,000
Other expense:        
Salaries and employee benefits 21,092,000 15,346,000 69,487,000 47,301,000
Net occupancy and equipment expense 5,382,000 4,363,000 15,834,000 12,746,000
Net other real estate owned expense 1,507,000 110,000 3,551,000 62,000
FDIC insurance 268,000 469,000 1,198,000 851,000
Amortization of intangible assets 1,414,000 1,277,000 3,929,000 3,862,000
Stationery and supplies 299,000 262,000 850,000 805,000
Legal and professional 1,878,000 1,320,000 4,919,000 4,207,000
ATM / debit card 618,000 730,000 2,530,000 1,609,000
Marketing and donations 679,000 387,000 1,688,000 1,182,000
Other 3,184,000 2,663,000 15,948,000 8,131,000
Total other expense 36,321,000 26,927,000 119,934,000 80,756,000
Income before income taxes 24,431,000 15,285,000 44,786,000 41,689,000
Income taxes 6,105,000 3,720,000 10,130,000 9,988,000
Net income $ 18,326,000 $ 11,565,000 $ 34,656,000 $ 31,701,000
Per share data:        
Basic net income per common share $ 1.01 $ 0.69 $ 1.94 $ 1.90
Diluted net income per common share 1.01 $ 0.69 1.94 1.89
Cash dividends declared per common share $ 0.220   $ 0.630 $ 0.400