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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
INTEREST INCOME:    
Interest and fees on loans $ 49,524 $ 46,277
Taxable interest on investment securities 3,534 5,633
Nontaxable interest on investment securities 958 756
Interest on interest earning deposits 175 420
Total interest income 54,191 53,086
INTEREST EXPENSE:    
Deposits 1,728 4,216
Junior subordinated debentures 187 285
Other borrowings 38 34
Total interest expense 1,953 4,535
Net interest income 52,238 48,551
(Reversal of) provision for credit losses (7,199) 7,946
Net interest income after (reversal of) provision for credit losses 59,437 40,605
NONINTEREST INCOME:    
Service charges and other fees 4,000 4,376
Gain on sale of investment securities, net 29 1,014
Gain on sale of loans, net 1,370 547
Interest rate swap fees 152 296
Bank owned life insurance income 656 885
Other income 2,044 2,368
Total noninterest income 8,251 9,486
NONINTEREST EXPENSE:    
Compensation and employee benefits 22,461 22,506
Occupancy and equipment 4,454 4,564
Data processing 3,812 3,527
Marketing 669 866
Professional services 1,331 1,377
State/municipal business and use taxes 972 757
Federal deposit insurance premium 589 0
Other real estate owned, net 0 25
Amortization of intangible assets 797 903
Other expense 2,157 2,735
Total noninterest expense 37,242 37,260
Income before income taxes 30,446 12,831
Income tax expense 5,102 640
Net income $ 25,344 $ 12,191
Basic earnings per common share (in usd per share) $ 0.70 $ 0.34
Diluted earnings per common share (in usd per share) 0.70 0.34
Dividends declared per common share (in usd per share) $ 0.20 $ 0.20
Basic weighted average common shares outstanding (in shares) 35,926,950 36,342,090
Weighted Average Number of Shares Outstanding, Diluted 36,232,204 36,596,641