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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest income:        
Interest and fees on loans $ 27,297 $ 22,068 $ 82,346 $ 66,968
Interest on securities -- taxable 190 261 808 916
Interest on securities -- tax-exempt 419 596 1,432 1,930
Interest on deposits in banks 89 680 704 1,784
Total interest income 27,995 23,605 85,290 71,598
Interest expense:        
Interest on deposits 1,161 1,383 4,431 4,080
Interest on short-term borrowings 0 1 4 122
Total interest expense 1,161 1,384 4,435 4,202
Net interest income 26,834 22,221 80,855 67,396
Provision for loan losses 4,703 675 12,034 3,480
Net interest income after provision for loan losses 22,131 21,546 68,821 63,916
Noninterest income:        
Net (loss) gain on sale of securities 0 0 385 (43)
Net FDIC indemnification asset amortization (383) (719) (1,352) (1,787)
Litigation settlements 0 900 0 4,600
Other operating income 1,114 709 3,323 1,935
Total noninterest income 7,638 7,634 22,100 24,363
Noninterest expense:        
Salaries and employee benefits 10,485 9,334 32,886 27,653
Occupancy expense 1,228 1,042 3,818 3,277
Furniture and equipment expense 1,412 1,183 4,112 3,278
Service fees 1,581 1,466 4,433 3,727
Advertising and public relations 430 795 1,417 1,832
Professional fees 408 548 948 1,290
Amortization of intangibles 365 251 1,086 746
FDIC premiums and assessments 191 0 224 318
Merger expenses 0 592 1,893 592
Other operating expense 3,071 2,233 8,931 8,167
Total noninterest expense 19,171 17,444 59,748 50,880
Income before income taxes 10,598 11,736 31,173 37,399
Income tax expense 2,332 2,580 6,797 8,161
Net income $ 8,266 $ 9,156 $ 24,376 $ 29,238
Earnings per common share        
Basic (in dollars per share) $ 0.47 $ 0.59 $ 1.37 $ 1.86
Diluted (in dollars per share) $ 0.47 $ 0.58 $ 1.37 $ 1.85
Weighted average shares outstanding        
Basic (in shares) 17,710,283 15,603,992 17,803,369 15,717,678
Diluted (in shares) 17,732,428 15,664,587 17,836,963 15,785,484
Fiduciary and Trust [Member]        
Noninterest income:        
Noninterest income $ 909 $ 952 $ 2,607 $ 2,581
Deposit Account [Member]        
Noninterest income:        
Noninterest income 3,250 3,785 9,541 10,892
Financial Service, Other [Member]        
Noninterest income:        
Noninterest income $ 2,748 $ 2,007 $ 7,596 $ 6,185