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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest Income        
Loans, including fees $ 18,888 $ 21,962 $ 58,779 $ 63,876
Investment securities - Taxable 3,249 1,973 8,547 5,497
Investment securities -Exempt from federal income taxes 225 238 694 712
Other 185 116 432 816
Total interest income 22,547 24,289 68,452 70,901
Interest Expense        
Deposits 880 1,683 2,781 7,633
Long-term debt 535 841 1,361 2,575
Total interest expense 1,415 2,524 4,142 10,208
Net interest income 21,132 21,765 64,310 60,693
Provision for loan losses (2,000) 3,500 (2,000) 9,500
Net interest income after provision for loan losses 23,132 18,265 66,310 51,193
Noninterest Income        
Mortgage banking 11,116 22,269 40,535 44,860
Net gains (losses) on investment securities 11 1,428 125 2,722
Other 1,230 1,614 3,408 4,340
Total noninterest income 36,040 45,256 113,669 110,675
Noninterest Expense        
Compensation 23,291 22,740 71,298 62,684
Employee taxes and benefits 5,058 5,033 16,443 15,088
Occupancy and equipment expense 2,063 2,511 6,212 7,615
Business services, software and technology expense 5,332 4,378 15,266 13,501
Intangible amortization expense 1,088 990 3,327 2,971
Professional fees and assessments 1,503 1,070 4,484 3,303
Marketing and business development 865 929 2,310 2,088
Supplies and postage 549 248 1,583 1,630
Travel 174 26 236 338
Mortgage and lending expenses 1,231 1,434 3,762 3,916
Other 887 855 2,712 3,540
Total noninterest expense 42,041 40,214 127,633 116,674
Income before income taxes 17,131 23,307 52,346 45,194
Income tax expense 4,064 5,648 12,370 10,698
Net income $ 13,067 $ 17,659 $ 39,976 $ 34,496
Per Common Share Data        
Basic earnings per common share $ 0.75 $ 1.01 $ 2.29 $ 1.98
Diluted earnings per common share 0.74 0.99 2.26 1.94
Dividends declared per common share $ 0.16 $ 0.15 $ 0.47 $ 0.45
Average common shares outstanding 17,205 17,121 17,182 17,101
Diluted average common shares outstanding 17,499 17,453 17,488 17,435
Retirement and Benefit Services        
Noninterest Income        
Revenue $ 18,031 $ 15,104 $ 53,157 $ 45,034
Wealth Management        
Noninterest Income        
Revenue 5,295 4,486 15,419 12,644
Deposit Account        
Noninterest Income        
Revenue $ 357 $ 355 $ 1,025 $ 1,075