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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income:    
Interest and fees on loans $ 37,059 $ 36,860
Interest and dividends on investment securities 4,187 4,582
Other interest income 27 211
Total interest income 41,273 41,653
Interest expense:    
Deposits 2,235 7,019
Short-term borrowings 119 892
Long-term borrowings 1,062 618
Total interest expense 3,416 8,529
Net interest income 37,857 33,124
Provision (benefit) for credit losses (1,981) 13,915
Net interest income after provision for credit losses 39,838 19,209
Noninterest income:    
Service charges on deposits 1,292 1,587
Insurance income 1,396 1,349
Card interchange income 1,958 1,602
Investment advisory 2,772 2,246
Company owned life insurance 657 465
Investments in limited partnerships 855 213
Loan servicing 97 7
Income from derivative instruments, net 1,875 746
Net gain on sale of loans held for sale 1,078 252
Net gain on investment securities 74 221
Net (loss) gain on other assets (5) 64
Loss on tax credit investments (85) (40)
Other 995 1,198
Total noninterest income 12,959 9,910
Noninterest expense:    
Salaries and employee benefits 14,465 15,014
Occupancy and equipment 3,382 3,756
Professional services 1,895 2,152
Computer and data processing 3,121 2,673
Supplies and postage 484 553
FDIC assessments 765 372
Advertising and promotions 324 555
Amortization of intangibles 271 294
Other 2,033 2,301
Total noninterest expense 26,740 27,670
Income before income taxes 26,057 1,449
Income tax expense 5,347 322
Net income 20,710 1,127
Preferred stock dividends 365 365
Net income available to common shareholders $ 20,345 $ 762
Earnings per common share (Note 3):    
Basic $ 1.28 $ 0.05
Diluted 1.27 0.05
Cash dividends declared per common share $ 0.27 $ 0.26