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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
INTEREST INCOME:    
Interest and fees on loans $ 41,025 $ 49,524
Taxable interest on investment securities 6,003 3,534
Nontaxable interest on investment securities 860 958
Interest on interest earning deposits 706 175
Total interest income 48,594 54,191
INTEREST EXPENSE:    
Deposits 1,424 1,728
Junior subordinated debentures 194 187
Other borrowings 32 38
Total interest expense 1,650 1,953
Net interest income 46,944 52,238
Reversal of provision for credit losses (3,577) (7,199)
Net interest income after reversal of provision for credit losses 50,521 59,437
NONINTEREST INCOME:    
Service charges and other fees 2,296 1,892
Card revenue 2,441 2,097
Gain on sale of investment securities, net 0 29
Gain on sale of loans, net 241 1,370
Interest rate swap fees 279 152
Bank owned life insurance income 1,695 656
Gain on sale of other assets, net 204 22
Other income 1,382 2,033
Total noninterest income 8,538 8,251
NONINTEREST EXPENSE:    
Compensation and employee benefits 21,252 22,201
Occupancy and equipment 4,331 4,454
Data processing 4,061 3,812
Marketing 266 513
Professional services 699 1,270
State/municipal business and use taxes 796 972
Federal deposit insurance premium 600 589
Amortization of intangible assets 704 797
Other expense 3,011 2,634
Total noninterest expense 35,720 37,242
Income before income taxes 23,339 30,446
Income tax expense 3,582 5,102
Net income $ 19,757 $ 25,344
Basic earnings per common share (in usd per share) $ 0.56 $ 0.70
Diluted earnings per common share (in usd per share) 0.56 0.70
Dividends declared per common share (in usd per share) $ 0.21 $ 0.20
Basic weighted average common shares outstanding (in shares) 35,094,725 35,926,950
Weighted Average Number of Shares Outstanding, Diluted 35,412,098 36,232,204