XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income:        
Interest and fees on loans and leases $ 45,915 $ 45,540 $ 92,119 $ 89,308
Interest and dividends on investment securities:        
Taxable interest 6,310 7,530 13,067 15,790
Tax-exempt interest 599 814 1,267 1,680
Dividends 17 14 34 32
Interest on deposits in other banks 3 46 39 114
Dividends on Federal Home Loan Bank stock 106 161 238 322
Total interest income 52,950 54,105 106,764 107,246
Interest on deposits:        
Demand 114 199 290 391
Savings and money market 567 1,507 1,685 2,298
Time 2,124 4,867 5,392 9,959
Interest on short-term borrowings 74 1,123 582 2,016
Interest on long-term debt 812 1,031 1,726 2,091
Total interest expense 3,691 8,727 9,675 16,755
Net interest income 49,259 45,378 97,089 90,491
Provision for credit losses 10,640 1,404 19,969 2,687
Net interest income after provision for credit losses 38,619 43,974 77,120 87,804
Other operating income:        
Mortgage banking income 3,566 1,708 3,903 3,281
Service charges on deposit accounts 1,149 2,041 3,199 4,122
Other service charges and fees 2,916 3,909 7,813 7,124
Income from fiduciary activities 1,270 1,129 2,567 2,094
Equity in earnings of unconsolidated subsidiaries 104 71 130 79
Income from bank-owned life insurance 1,424 914 1,405 1,866
Net loss on sales of foreclosed assets (6) 0 (6) 0
Other 269 322 567 3,201
Total other operating income 10,692 10,094 19,578 21,767
Other operating expense:        
Salaries and employee benefits 20,622 20,563 40,969 40,452
Net occupancy 3,645 3,525 7,317 6,983
Equipment 1,043 1,138 2,140 2,144
Communication expense 774 903 1,611 1,637
Legal and professional services 2,238 1,728 4,266 3,298
Computer software expense 3,035 2,560 5,978 5,157
Advertising expense 923 712 2,015 1,423
Foreclosed asset expense 0 49 67 208
Other 4,147 4,929 8,304 9,153
Total other operating expense 36,427 36,107 72,667 70,455
Income before income taxes 12,884 17,961 24,031 39,116
Income tax expense 2,967 4,427 5,788 9,545
Net income $ 9,917 $ 13,534 $ 18,243 $ 29,571
Per common share data:        
Basic earnings per common share (in dollars per share) $ 0.35 $ 0.47 $ 0.65 $ 1.03
Diluted earnings per common share (in dollars per share) 0.35 0.47 0.65 1.03
Cash dividends declared (in dollars per share) $ 0.23 $ 0.23 $ 0.46 $ 0.44
Weighted average common shares outstanding used in computation:        
Basic shares (in shares) 28,040,802 28,546,564 28,083,602 28,651,852
Diluted shares (in shares) 28,095,230 28,729,510 28,190,132 28,847,786