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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income    
Loans and leases $ 22,795 $ 21,849
Securities 853 1,188
Short-term investments 158 335
Total interest income 23,806 23,372
Interest expense    
Deposits 1,019 4,116
Federal Home Loan Bank advances and other borrowings 1,650 1,929
Junior subordinated notes 274 277
Total interest expense 2,943 6,322
Net interest income 20,863 17,050
Provision for loan and lease losses (2,068) 3,182
Net interest income after provision for loan and lease losses 22,931 13,868
Non-interest income    
Private wealth management service fees 2,407 2,112
Gain on sale of Small Business Administration loans 1,078 265
Service charges on deposits 917 818
Loan fees 545 485
Increase in cash surrender value of bank-owned life insurance 350 295
Net loss on sale of securities 0 (4)
Swap fees 684 1,681
Other non-interest income 1,214 762
Total non-interest income 7,195 6,414
Non-interest expense    
Compensation 12,657 11,052
Occupancy 552 572
Professional fees 866 819
Data processing 770 677
Marketing 391 461
Equipment 246 291
Computer software 1,115 889
FDIC insurance 362 208
Collateral liquidation costs 94 121
Net loss on foreclosed properties (3) (102)
Impairment of tax credit investments 0 113
SBA Recourse Provision (Benefit) (130) 25
Other non-interest expense 404 816
Total non-interest expense 17,330 16,146
Income before income tax expense 12,796 4,136
Income tax expense 3,065 858
Net income $ 9,731 $ 3,278
Earnings per common share    
Basic $ 1.12 $ 0.38
Diluted 1.12 0.38
Dividends declared per share $ 0.18 $ 0.165