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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest Income        
Loans receivable $ 40,392 $ 44,051 $ 120,446 $ 132,927
Investment securities – taxable 4,565 1,704 8,641 6,923
Investment securities – tax exempt 5,911 4,391 16,790 12,294
Total interest income 50,868 50,146 145,877 152,144
Interest Expense        
Deposits 1,808 3,616 6,204 15,838
Borrowed funds 1,075 1,662 3,640 5,974
Subordinated notes 880 895 2,641 953
Junior subordinated debentures issued to capital trusts 561 576 1,678 2,061
Total interest expense 4,324 6,749 14,163 24,826
Net Interest Income 46,544 43,397 131,714 127,318
Credit loss expense (recovery) 1,112 2,052 (13) 17,709
Net Interest Income after Credit Loss Expense (Recovery) 45,432 41,345 131,727 109,609
Non–interest Income        
Service charges on deposit accounts 2,291 2,154 6,682 6,488
Wire transfer fees 210 298 687 699
Interchange fees 2,587 2,438 7,819 6,661
Fiduciary activities 2,124 2,105 5,828 6,398
Gains on sale of investment securities (includes $0 and $1,088 for the three months ended September 30, 2021 and 2020, respectively, and $914 and $1,675 for the nine months ended September 30, 2021 and 2020, respectively, related to accumulated other comprehensive earnings reclassifications) 0 1,088 914 1,675
Gain on sale of mortgage loans 4,088 8,813 14,996 18,906
Mortgage servicing income net of impairment 336 (1,308) 2,052 (4,043)
Increase in cash value of bank owned life insurance 534 566 1,547 1,677
Death benefit on bank owned life insurance 517 31 783 264
Other income 3,357 515 3,816 1,163
Total non–interest income 16,044 16,700 45,124 39,888
Non–interest Expense        
Salaries and employee benefits 18,901 18,832 53,502 51,052
Net occupancy expenses 2,935 3,107 9,337 9,549
Data processing 2,526 2,237 7,290 7,074
Professional fees 522 688 1,654 1,742
Outside services and consultants 2,330 1,561 6,252 5,235
Loan expense 2,645 2,876 8,574 7,667
FDIC insurance expense 279 570 1,579 955
Other losses 69 114 358 427
Other expense 4,142 3,422 11,363 11,287
Total non–interest expense 34,349 33,407 99,909 94,988
Income Before Income Taxes 27,127 24,638 76,942 54,509
Income tax expense (includes $0 and $228 for the three months ended September 30, 2021 and 2020, respectively, and $192 and $352 for the nine months ended September 30, 2021 and 2020, respectively, related to income tax expense from reclassification items) 4,056 4,326 11,276 7,903
Net Income $ 23,071 $ 20,312 $ 65,666 $ 46,606
Basic Earnings Per Share (in USD per share) $ 0.53 $ 0.46 $ 1.50 $ 1.06
Diluted Earnings Per Share (in USD per share) $ 0.52 $ 0.46 $ 1.49 $ 1.06