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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income:    
Loans $ 34,888 $ 36,038
Taxable investment securities 4,608 2,323
Tax-exempt investment securities 10,219 8,965
MBS 4,017 6,088
FHLB stock and equity investments 113 136
Other interest earning assets 28 15
Total interest income 53,873 53,565
Interest expense:    
Deposits 3,237 2,597
FHLB borrowings 366 1,908
Subordinated notes 998 2,395
Trust preferred subordinated debentures 356 351
Other borrowings 10 11
Total interest expense 4,967 7,262
Net interest income 48,906 46,303
Provision for (reversal of) credit losses 294 (10,149)
Net interest income after provision for credit losses 48,612 56,452
Noninterest income:    
Deposit services 6,628 6,125
Net gain (loss) on sale of securities AFS (1,543) 2,003
Gain on sale of loans 178 593
Trust fees 1,494 1,383
BOLI 691 626
Brokerage services 809 780
Other 2,468 2,113
Total noninterest income 10,725 13,623
Noninterest expense:    
Salaries and employee benefits 19,969 20,044
Net occupancy 3,656 3,560
Advertising, travel & entertainment 737 437
ATM expense 281 238
Professional fees 927 991
Software and data processing 1,631 1,312
Communications 503 525
FDIC insurance 472 454
Amortization of intangibles 622 766
Other 2,397 2,907
Total noninterest expense 31,195 31,234
Income before income tax expense 28,142 38,841
Income tax expense 3,146 4,750
Net income $ 24,996 $ 34,091
Earnings per common share - basic (in dollars per share) $ 0.77 $ 1.04
Earnings per common share - diluted (in dollars per share) 0.77 1.04
Cash dividends paid per common share (in dollars per share) $ 0.34 $ 0.32