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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest Income        
Loans, including fees $ 19,324 $ 21,372 $ 39,891 $ 41,914
Investment securities - Taxable 2,897 1,765 5,298 3,524
Investment securities -Exempt from federal income taxes 233 239 469 474
Other 130 130 247 700
Total interest income 22,584 23,506 45,905 46,612
Interest Expense        
Deposits 906 2,558 1,901 5,950
Long-term debt 538 857 826 1,734
Total interest expense 1,444 3,415 2,727 7,684
Net interest income 21,140 20,091 43,178 38,928
Provision for loan losses   3,500   6,000
Net interest income after provision for loan losses 21,140 16,591 43,178 32,928
Noninterest Income        
Mortgage banking 12,287 17,546 29,419 22,591
Net gains (losses) on investment securities   1,294 114 1,294
Other 1,122 1,271 2,178 2,726
Total noninterest income 36,748 38,230 77,629 65,419
Noninterest Expense        
Compensation 24,309 21,213 48,007 39,944
Employee taxes and benefits 5,572 4,747 11,385 10,055
Occupancy and equipment expense 1,918 2,612 4,149 5,104
Business services, software and technology expense 4,958 4,580 9,934 9,123
Intangible amortization expense 1,088 991 2,239 1,981
Professional fees and assessments 1,509 1,177 2,981 2,233
Marketing and business development 769 549 1,445 1,159
Supplies and postage 503 675 1,034 1,382
Travel 36 51 62 312
Mortgage and lending expenses 1,199 1,341 2,531 2,482
Other 689 1,798 1,825 2,685
Total noninterest expense 42,550 39,734 85,592 76,460
Income before income taxes 15,338 15,087 35,215 21,887
Income tax expense 3,644 3,613 8,306 5,050
Net income $ 11,694 $ 11,474 $ 26,909 $ 16,837
Per Common Share Data        
Basic earnings per common share $ 0.67 $ 0.66 $ 1.54 $ 0.97
Diluted earnings per common share 0.66 0.65 1.52 0.95
Dividends declared per common share $ 0.16 $ 0.15 $ 0.31 $ 0.30
Average common shares outstanding 17,194 17,111 17,170 17,091
Diluted average common shares outstanding 17,497 17,445 17,482 17,425
Retirement and Benefit Services        
Noninterest Income        
Revenue $ 17,871 $ 13,710 $ 35,126 $ 29,930
Wealth Management        
Noninterest Income        
Revenue 5,138 4,112 10,124 8,158
Deposit Account        
Noninterest Income        
Revenue $ 330 $ 297 $ 668 $ 720