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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Interest and fees on loans and leases $ 46,204 $ 43,768
Interest and dividends on investment securities:    
Taxable interest 6,757 8,260
Tax-exempt interest 668 866
Dividends 17 18
Interest on deposits in other banks 36 68
Dividends on Federal Home Loan Bank stock 132 161
Total interest income 53,814 53,141
Interest on deposits:    
Demand 176 192
Savings and money market 1,118 791
Time 3,268 5,092
Interest on short-term borrowings 508 893
Interest on long-term debt 914 1,060
Total interest expense 5,984 8,028
Net interest income 47,830 45,113
Provision for credit losses 9,329 1,283
Net interest income after provision for credit losses 38,501 43,830
Other operating income:    
Mortgage banking income 337 1,573
Service charges on deposit accounts 2,050 2,081
Other service charges and fees 4,897 3,215
Income from fiduciary activities 1,297 965
Equity in earnings of unconsolidated subsidiaries 26 8
Income (loss) from bank-owned life insurance (19) 952
Other 298 2,879
Total other operating income 8,886 11,673
Other operating expense:    
Salaries and employee benefits 20,347 19,889
Net occupancy 3,672 3,458
Equipment 1,097 1,006
Communication expense 837 734
Legal and professional services 2,028 1,570
Computer software expense 2,943 2,597
Advertising expense 1,092 711
Foreclosed asset expense 67 159
Other 4,157 4,224
Total other operating expense 36,240 34,348
Income before income taxes 11,147 21,155
Income tax expense 2,821 5,118
Net income $ 8,326 $ 16,037
Per common share data:    
Basic earnings per common share (in dollars per share) $ 0.30 $ 0.56
Diluted earnings per common share (in dollars per share) 0.29 0.55
Cash dividends declared (in dollars per share) $ 0.23 $ 0.21
Weighted average common shares outstanding used in computation:    
Basic shares (in shares) 28,126,400 28,758,310
Diluted shares (in shares) 28,277,753 28,979,855