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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
INTEREST INCOME        
Interest and fees on loans $ 47,647 $ 47,845 $ 142,328 $ 142,651
Taxable interest on investment securities 3,865 5,704 14,068 17,460
Nontaxable interest on investment securities 953 798 2,686 2,641
Interest on interest earning deposits 98 537 561 1,155
Total interest income 52,563 54,884 159,643 163,907
INTEREST EXPENSE        
Deposits 2,639 4,250 10,272 11,870
Junior subordinated debentures 196 332 699 1,026
Interest Expense, Other 50 59 130 444
Total interest expense 2,885 4,641 11,101 13,340
Net interest income 49,678 50,243 148,542 150,567
Financing Receivable, Credit Loss, Expense (Reversal) 2,730   39,239  
Provision for credit losses 2,320 466 38,225 2,753
Net interest income after provision for credit losses 46,948 49,777 109,303 147,814
NONINTEREST INCOME        
Service charges and other fees 4,039 4,779 12,015 14,109
Gain on sale of investment securities, net 40 281 1,463 329
Gain on sale of loans, net 1,443 993 3,125 1,613
Interest rate swap fees 396 152 1,461 313
Other income 2,292 2,253 7,880 7,087
Total noninterest income 8,210 8,458 25,944 23,451
NONINTEREST EXPENSE        
Compensation and employee benefits 21,416 21,733 65,849 65,629
Occupancy and equipment 5,676 5,268 16,936 16,177
Data processing 2,363 2,333 7,046 6,615
Marketing 755 816 2,317 3,020
Professional services 1,086 1,434 4,632 3,912
State/municipal business and use taxes 964 1,370 2,626 2,977
Federal deposit insurance premium 848 9 1,086 720
Other real estate owned, net 0 (35) (145) 340
Amortization of intangible assets 860 975 2,666 3,026
Other expense 2,077 2,816 7,365 8,375
Total noninterest expense 36,045 36,719 110,378 110,791
Income before income taxes 19,113 21,516 24,869 60,474
Income tax expense 2,477 3,621 2,181 10,043
Net income $ 16,636 $ 17,895 $ 22,688 $ 50,431
Basic earnings per common share (in usd per share) $ 0.46 $ 0.49 $ 0.63 $ 1.37
Diluted earnings per common share (in usd per share) 0.46 0.48 0.63 1.36
Dividends declared per common share (in usd per share) $ 0.20 $ 0.19 $ 0.60 $ 0.55
Basic weighted average common shares outstanding (in shares) 35,908,845 36,742,862 36,049,369 36,812,548
Weighted Average Number of Shares Outstanding, Diluted 35,988,734 36,876,548 36,193,615 36,973,024