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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 $ 35,384 $ 42,305
Interest on investments:    
Taxable 2,629 2,459
Tax-exempt 43 58
Interest on loans held for sale 55 21
Interest on interest-earning deposits 128 552
Total interest income 38,239 45,395
INTEREST EXPENSE    
Interest on savings and interest-bearing deposit accounts 1,789 6,443
Interest on certificates of deposit 1,470 3,694
Interest on borrowed funds 209 1,012
Interest on finance lease liability 79 90
Interest on subordinated debt 2,145 1,223
Subtotal - interest expense 5,692 12,462
Interest on interest-bearing demand - brokered 493 923
Interest on certificates of deposits - brokered 261 263
Total interest expense 6,446 13,648
NET INTEREST INCOME BEFORE PROVISION FOR LOAN AND LEASE LOSSES 31,793 31,747
Provision for loan and lease losses 225 20,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES 31,568 11,747
OTHER INCOME    
Wealth management fee income 12,131 9,955
Service charges and fees 846 816
Bank owned life insurance 611 328
Gains on loans held for sale at fair value (mortgage banking) 1,025 292
Gain/(loss) on loans held for sale at lower of cost or fair value 282 (3)
Fee income related to loan level, back-to-back swaps   1,418
Gain on sale of SBA loans 1,449 1,054
Corporate advisory fee income 1,098 75
Other income 643 384
Securities (losses)/gains, net (265) 198
Total other income 17,820 14,517
OPERATING EXPENSES    
Compensation and employee benefits 21,990 19,226
Premises and equipment 4,113 4,043
FDIC insurance expense 585 250
Other operating expense 4,906 4,716
Total operating expenses 31,594 28,235
INCOME/(LOSS) BEFORE INCOME TAX EXPENSE/(BENEFIT) 17,794 (1,971)
Income tax expense/(benefit) 4,616 (3,344)
NET INCOME $ 13,178 $ 1,373
EARNINGS PER SHARE    
Basic $ 0.70 $ 0.07
Diluted $ 0.67 $ 0.07
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING    
Basic 18,950,305 18,858,343
Diluted 19,531,689 19,079,575