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Condensed Consolidated Statements of Income (Unaudited) - 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 $ 25,937 $ 26,991 $ 52,477 $ 55,049
Interest on securities -- taxable 159 238 357 618
Interest on securities -- tax-exempt 276 475 573 1,013
Interest on deposits in banks 166 82 282 615
Total interest income 26,538 27,786 53,689 57,295
Interest expense:        
Interest on deposits 724 1,445 1,593 3,270
Interest on short-term borrowings 0 2 0 4
Total interest expense 724 1,447 1,593 3,274
Net interest income 25,814 26,339 52,096 54,021
(Recovery of) provision for credit losses (2,230) 3,831 (6,231) 7,331
Net interest income after provision for loan losses 28,044 22,508 58,327 46,690
Noninterest income:        
Net gain on sale of securities 0 0 0 385
Net FDIC indemnification asset amortization (946) (483) (1,226) (969)
Other operating income 2,421 1,365 3,336 2,209
Total noninterest income 8,797 6,913 16,366 14,462
Noninterest expense:        
Salaries and employee benefits 10,216 11,015 21,100 22,401
Occupancy expense 1,115 1,275 2,390 2,590
Furniture and equipment expense 1,457 1,316 2,824 2,700
Service fees 1,513 1,329 2,848 2,852
Advertising and public relations 616 475 951 987
Professional fees 290 307 756 540
Amortization of intangibles 360 360 717 721
FDIC premiums and assessments 204 33 403 33
Merger expenses 0 0 0 1,893
Other operating expense 3,590 2,803 6,192 5,860
Total noninterest expense 19,361 18,913 38,181 40,577
Income before income taxes 17,480 10,508 36,512 20,575
Income tax expense 4,077 2,270 8,507 4,465
Net income $ 13,403 $ 8,238 $ 28,005 $ 16,110
Earnings per common share        
Basic (in dollars per share) $ 0.77 $ 0.47 $ 1.59 $ 0.90
Diluted (in dollars per share) $ 0.76 $ 0.46 $ 1.59 $ 0.90
Weighted average shares outstanding        
Basic (in shares) 17,486,182 17,701,853 17,577,552 17,850,423
Diluted (in shares) 17,536,144 17,728,300 17,631,330 17,888,325
Fiduciary and Trust [Member]        
Noninterest income:        
Noninterest income $ 1,058 $ 854 $ 1,939 $ 1,698
Deposit Account [Member]        
Noninterest income:        
Noninterest income 3,098 2,560 6,129 6,291
Financial Service, Other [Member]        
Noninterest income:        
Noninterest income $ 3,166 $ 2,617 $ 6,188 $ 4,848