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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest income:        
Interest and fees on loans $ 51,104 $ 45,751 $ 146,202 $ 137,870
Interest and dividends on investment securities:        
Taxable interest 6,210 5,233 15,763 18,300
Tax-exempt interest 470 621 1,330 1,888
Dividends 18 17 54 51
Interest on deposits in other banks 105 3 176 42
Dividends on Federal Home Loan Bank stock 62 128 184 366
Total interest income 57,969 51,753 163,709 158,517
Interest on deposits:        
Demand 101 115 280 405
Savings and money market 332 417 888 2,102
Time 428 1,284 1,514 6,676
Interest on short-term borrowings 0 71 2 653
Interest on long-term debt 1,022 746 3,074 2,472
Total interest expense 1,883 2,633 5,758 12,308
Net interest income 56,086 49,120 157,951 146,209
(Credit) provision for credit losses (2,635) 14,873 (6,899) 37,213
Net interest income after provision for credit losses 58,721 34,247 164,850 108,996
Other operating income:        
Mortgage banking income 1,327 4,345 5,830 8,248
Service charges on deposit accounts 1,637 1,475 4,558 4,674
Other service charges and fees 4,942 3,345 13,351 11,158
Income from fiduciary activities 1,292 1,149 3,792 3,716
Investment securities gains (losses) 100 (352) 150 (352)
Income from bank-owned life insurance 540 1,179 2,547 2,584
Other 415 422 1,266 1,113
Total other operating income 10,253 11,563 31,494 31,141
Other operating expense:        
Salaries and employee benefits 23,566 20,375 67,183 60,758
Net occupancy 4,185 3,834 12,004 11,151
Equipment 1,089 1,234 3,137 3,374
Communication expense 824 856 2,349 2,467
Legal and professional services 2,575 2,262 7,524 6,528
Computer software expense 2,998 3,114 10,179 9,092
Advertising expense 1,329 1,020 4,316 3,035
Other 4,779 4,056 13,932 10,642
Total other operating expense 41,345 36,751 120,624 107,047
Income before income taxes 27,629 9,059 75,720 33,090
Income tax expense 6,814 2,200 18,153 7,988
Net income $ 20,815 $ 6,859 $ 57,567 $ 25,102
Per common share data:        
Basic earnings per common share (in dollars per share) $ 0.74 $ 0.24 $ 2.05 $ 0.89
Diluted earnings per common share (in dollars per share) 0.74 0.24 2.03 0.89
Cash dividends declared (in dollars per share) $ 0.24 $ 0.23 $ 0.71 $ 0.69
Weighted average common shares outstanding used in computation:        
Basic shares (in shares) 27,967,089 28,060,020 28,082,632 28,075,684
Diluted shares (in shares) 28,175,953 28,111,664 28,316,574 28,172,153