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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Fee Revenue and Other Income:        
Information services payment and processing revenue $ 22,661 $ 26,852 $ 48,164 $ 53,309
Bank service fees 398 301 808 677
Gains on sales of securities 8 1,069 19
Other 115 211 228 380
Total fee revenue and other income 23,174 27,372 50,269 54,385
Interest Income:        
Interest and fees on loans 9,298 9,387 18,299 18,016
Interest and dividends on securities:        
Taxable 473 639 1,033 1,281
Exempt from federal income taxes 1,785 1,994 3,604 4,031
Interest on federal funds sold and other short-term investments 86 1,307 1,044 2,896
Total interest income 11,642 13,327 23,980 26,224
Interest Expense:        
Interest on deposits 481 1,305 1,444 2,595
Interest on short-term borrowings 2
Total interest expense 481 1,305 1,446 2,595
Net interest income 11,161 12,022 22,534 23,629
Provision for loan losses 400 725 250
Net interest income after provision for loan losses 10,761 12,022 21,809 23,379
Total net revenue 33,935 39,394 72,078 77,764
Operating Expense:        
Personnel 20,891 22,803 43,318 45,080
Occupancy 938 998 1,879 1,957
Equipment 1,617 1,552 3,252 3,021
Amortization of intangible assets 214 102 429 209
Other operating expense 3,697 4,516 7,408 8,166
Total operating expense 27,357 29,971 56,286 58,433
Income before income tax expense 6,578 9,423 15,792 19,331
Income tax expense 1,139 1,739 2,808 3,484
Net income $ 5,439 $ 7,684 $ 12,984 $ 15,847
Basic earnings per share $ 0.38 $ 0.53 $ 0.90 $ 1.10
Diluted earnings per share $ 0.37 $ 0.52 $ 0.89 $ 1.08