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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest Income    
Loans receivable $ 40,818 $ 44,958
Investment securities – taxable 1,548 2,898
Investment securities – tax exempt 5,223 3,798
Total interest income 47,589 51,654
Interest Expense    
Deposits 2,343 7,716
Borrowed funds 1,269 2,238
Subordinated notes 880 0
Junior subordinated debentures issued to capital trusts 559 775
Total interest expense 5,051 10,729
Net Interest Income 42,538 40,925
Credit loss expense 367 8,600
Net Interest Income after Credit Loss Expense 42,171 32,325
Non–interest Income    
Service charges on deposit accounts 2,234 2,446
Wire transfer fees 255 171
Interchange fees 2,340 1,896
Fiduciary activities 1,743 2,528
Gains on sale of investment securities (includes $914 and $339 for the three months ended March 31, 2021 and 2020, respectively, related to accumulated other comprehensive earnings reclassifications) 914 339
Gain on sale of mortgage loans 5,296 3,473
Mortgage servicing income net of impairment 213 25
Increase in cash value of bank owned life insurance 511 554
Death benefit on bank owned life insurance 0 233
Other income 367 398
Total non–interest income 13,873 12,063
Non–interest Expense    
Salaries and employee benefits 16,871 16,591
Net occupancy expenses 3,318 3,252
Data processing 2,376 2,405
Professional fees 544 536
Outside services and consultants 1,702 1,915
Loan expense 2,822 2,099
FDIC insurance expense 800 150
Other losses 283 120
Other expense 3,456 4,081
Total non–interest expense 32,172 31,149
Income Before Income Taxes 23,872 13,239
Income tax expense (includes $192 and $71 for the three months ended March 31, 2021 and 2020, respectively, related to income tax expense from reclassification items) 3,450 1,584
Net Income $ 20,422 $ 11,655
Basic Earnings Per Share (in USD per share) $ 0.46 $ 0.26
Diluted Earnings Per Share (in USD per share) $ 0.46 $ 0.26