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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income:    
Interest and fees on loans $ 46,074 $ 46,204
Interest and dividends on investment securities:    
Taxable interest 5,106 6,757
Tax-exempt interest 514 668
Dividends 18 17
Interest on deposits in other banks 10 36
Dividends on Federal Home Loan Bank stock 59 132
Total interest income 51,781 53,814
Interest on deposits:    
Demand 86 176
Savings and money market 274 1,118
Time 588 3,268
Interest on short-term borrowings 2 508
Interest on long-term debt 1,027 914
Total interest expense 1,977 5,984
Net interest income 49,804 47,830
Provision for credit losses (821) 11,127
Net interest income after provision for credit losses 50,625 36,703
Other operating income:    
Mortgage banking income 2,970 337
Service charges on deposit accounts 1,478 2,050
Other service charges and fees 3,790 4,897
Income from fiduciary activities 1,231 1,297
Income from bank-owned life insurance 797 (19)
Other 445 324
Total other operating income 10,711 8,886
Other operating expense:    
Salaries and employee benefits 19,827 20,054
Net occupancy 3,764 3,672
Equipment 1,000 1,097
Communication expense 769 837
Legal and professional services 2,377 2,028
Computer software expense 3,783 2,943
Advertising expense 1,658 1,092
Other 4,668 2,719
Total other operating expense 37,846 34,442
Income before income taxes 23,490 11,147
Income tax expense 5,452 2,821
Net income $ 18,038 $ 8,326
Per common share data:    
Basic earnings per common share (in dollars per share) $ 0.64 $ 0.30
Diluted earnings per common share (in dollars per share) 0.64 0.29
Cash dividends declared (in dollars per share) $ 0.23 $ 0.23
Weighted average common shares outstanding used in computation:    
Basic shares (in shares) 28,108,648 28,126,400
Diluted shares (in shares) 28,313,014 28,277,753