XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest income:        
Interest and fees on loans $ 49,024 $ 45,915 $ 95,098 $ 92,119
Interest and dividends on investment securities:        
Taxable interest 4,447 6,310 9,553 13,067
Tax-exempt interest 346 599 860 1,267
Dividends 18 17 36 34
Interest on deposits in other banks 61 3 71 39
Dividends on Federal Home Loan Bank stock 63 106 122 238
Total interest income 53,959 52,950 105,740 106,764
Interest on deposits:        
Demand 93 114 179 290
Savings and money market 282 567 556 1,685
Time 498 2,124 1,086 5,392
Interest on short-term borrowings 0 74 2 582
Interest on long-term debt 1,025 812 2,052 1,726
Total interest expense 1,898 3,691 3,875 9,675
Net interest income 52,061 49,259 101,865 97,089
(Credit) provision for credit losses (3,443) 11,213 (4,264) 22,340
Net interest income after provision for credit losses 55,504 38,046 106,129 74,749
Other operating income:        
Mortgage banking income 1,533 3,566 4,503 3,903
Service charges on deposit accounts 1,443 1,149 2,921 3,199
Other service charges and fees 4,619 2,916 8,409 7,813
Income from fiduciary activities 1,269 1,270 2,500 2,567
Investment securities gains (losses) 50 0 50 0
Income from bank-owned life insurance 1,210 1,424 2,007 1,405
Other 406 367 851 691
Total other operating income 10,530 10,692 21,241 19,578
Other operating expense:        
Salaries and employee benefits 23,790 20,329 43,617 40,383
Net occupancy 4,055 3,645 7,819 7,317
Equipment 1,048 1,043 2,048 2,140
Communication expense 756 774 1,525 1,611
Legal and professional services 2,572 2,238 4,949 4,266
Computer software expense 3,398 3,035 7,181 5,978
Advertising expense 1,329 923 2,987 2,015
Other 4,485 3,867 9,153 6,586
Total other operating expense 41,433 35,854 79,279 70,296
Income before income taxes 24,601 12,884 48,091 24,031
Income tax expense 5,887 2,967 11,339 5,788
Net income $ 18,714 $ 9,917 $ 36,752 $ 18,243
Per common share data:        
Basic earnings per common share (in dollars per share) $ 0.66 $ 0.35 $ 1.31 $ 0.65
Diluted earnings per common share (in dollars per share) 0.66 0.35 1.29 0.65
Cash dividends declared (in dollars per share) $ 0.24 $ 0.23 $ 0.47 $ 0.46
Weighted average common shares outstanding used in computation:        
Basic shares (in shares) 28,173,710 28,040,802 28,141,360 28,083,602
Diluted shares (in shares) 28,456,624 28,095,230 28,407,479 28,190,132