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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Interest and dividend income:    
Loans, including fees $ 136,497 $ 117,124
Securities:    
Taxable 3,208 3,702
Tax-exempt   11
Money market funds and commercial paper 34 147
Overnight deposits 2,546 7,752
Other interest and dividends 812 1,044
Total interest income 143,097 129,780
Interest expense:    
Deposits 14,244 25,533
Borrowed funds 1,742 4,118
Trust preferred securities interest expense 572 899
Subordinated debt interest expense 1,618 1,620
Total interest expense 18,176 32,170
Net interest income 124,921 97,610
Provision for loan losses 9,488 4,223
Net interest income after provision for loan losses 115,433 93,387
Non-interest income:    
Service charges on deposit accounts 3,728 3,556
Global payments group revenue 8,464 5,643
Other service charges and fees 1,477 1,366
Unrealized gain on equity securities 48 64
Gain on sale of securities 3,286  
Total non-interest income 17,003 10,629
Non-interest expense:    
Compensation and benefits 39,797 31,242
Bank premises and equipment 8,340 6,530
Professional fees 4,122 3,427
Licensing fees and technology costs 13,040 10,992
Other expenses 9,219 7,764
Total non-interest expense 74,518 59,955
Net income before income tax expense 57,918 44,061
Income tax expense 18,452 13,927
Net income $ 39,466 $ 30,134
Earnings per common share:    
Basic earnings per common share (in dollars per share) $ 4.76 $ 3.63
Diluted earnings per common share (in dollars per share) $ 4.66 $ 3.56