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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest Income        
Interest and fees on loans $ 36,207 $ 32,813 $ 108,020 $ 94,014
Taxable interest on investments 4,794 4,408 14,729 13,019
Nontaxable interest on investments 675 659 1,943 1,989
Dividend income 158 367 562 997
Other interest income 686 310 1,712 905
Total interest income 42,520 38,557 126,966 110,924
Interest Expense        
Interest on deposits 8,963 5,255 26,542 13,463
Interest on borrowings 801 2,021 2,660 6,099
Interest on subordinated debentures 833 858 2,373 2,556
Total interest expense 10,597 8,134 31,575 22,118
Net interest income 31,923 30,423 95,391 88,806
Provision for credit losses 730 354 2,647 840
Net interest income after provision for credit losses 31,193 30,069 92,744 87,966
Non-Interest Income        
Mortgage banking income, net 2,668 1,758 5,662 4,758
Brokerage and insurance commissions 625 615 1,942 1,950
Bank-owned life insurance 613 606 1,810 1,823
Customer loan swap fees 109 288 919 555
Net gain on sale of securities 1 664 28 695
Other income 877 877 2,498 2,551
Total non-interest income 10,739 10,392 30,165 28,697
Non-Interest Expense        
Salaries and employee benefits 13,604 13,143 40,043 38,433
Furniture, equipment and data processing 2,708 2,575 8,111 7,710
Net occupancy costs 1,710 1,614 5,263 5,112
Consulting and professional fees 892 958 2,679 2,878
Debit card expense 960 833 2,666 2,339
Regulatory assessments 182 447 1,091 1,447
Amortization of intangible assets 177 182 529 544
Other real estate owned and collection costs, net 251 239 353 565
Other expenses 3,264 3,175 9,754 9,337
Total non-interest expense 23,748 23,166 70,489 68,365
Income before income tax expense 18,184 17,295 52,420 48,298
Income tax expense 3,696 3,238 10,455 9,204
Net Income $ 14,488 $ 14,057 $ 41,965 $ 39,094
Per Share Data        
Basic earnings per share $ 0.94 $ 0.90 $ 2.70 $ 2.50
Diluted earnings per share $ 0.94 $ 0.90 $ 2.70 $ 2.50
Weighted average number of common shares outstanding 15,339,093 15,580,782 15,482,765 15,565,355
Diluted weighted average number of common shares outstanding 15,381,928 15,638,986 15,522,501 15,621,400
Cash dividends declared per share $ 0.30 $ 0.30 $ 0.90 $ 0.85
Debit Card [Member]        
Non-Interest Income        
Revenue $ 2,432 $ 2,173 $ 6,723 $ 6,228
Deposit Account [Member]        
Non-Interest Income        
Revenue 1,970 2,072 6,202 6,108
Fiduciary and Trust [Member]        
Non-Interest Income        
Revenue $ 1,444 $ 1,339 $ 4,381 $ 4,029