v3.21.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income    
Loans, including fees $ 36,542 $ 42,012
Taxable investment securities 5,093 3,717
Tax-exempt investment securities 2,555 1,512
Other 14 164
Total interest income 44,204 47,405
Interest expense    
Deposits 3,608 7,949
Short-term borrowings 128 334
Long-term debt 1,851 1,716
Total interest expense 5,587 9,999
Net interest income 38,617 37,406
Credit loss (benefit) expense (4,734) 21,733
Net interest income after credit loss (benefit) expense 43,351 15,673
Noninterest income    
Investment services and trust activities 2,836 2,536
Service charges and fees 1,487 1,826
Card revenue 1,536 1,365
Loan revenue 4,730 1,123
Bank-owned life insurance 542 520
Investment securities gains, net 27 42
Other 666 2,743
Total noninterest income 11,824 10,155
Noninterest expense    
Compensation and employee benefits 16,917 16,617
Occupancy expense of premises, net 2,318 2,341
Equipment 1,793 1,880
Legal and professional 783 1,535
Data processing 1,252 1,354
Marketing 1,006 1,062
Amortization of intangibles 1,507 2,028
FDIC insurance 512 448
Communications 409 457
Foreclosed assets, net 47 138
Other 1,156 2,141
Total noninterest expense 27,700 30,001
Income (loss) before income tax expense 27,475 (4,173)
Income tax expense (benefit) 5,827 (2,198)
Net income (loss) $ 21,648 $ (1,975)
Per common share information    
Earnings (loss) - basic (in dollars per share) $ 1.35 $ (0.12)
Earnings (loss) - diluted (in dollars per share) 1.35 (0.12)
Dividends paid (in dollars per share) $ 0.2250 $ 0.2200