v3.21.1
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income:    
Interest and fees on loans $ 29,829 $ 27,409
Interest and dividends on investment securities 1,115 504
Other interest income 225 900
Total interest income 31,169 28,813
Interest expense:    
Interest on deposits 2,327 4,507
Interest on FHLB advances and other borrowings 1,003 508
Total interest expense 3,330 5,015
Net interest income 27,839 23,798
Provision for loan losses 1,086 1,171
Net interest income after provision for loan losses 26,753 22,627
Noninterest income:    
Service charges and fees 1,434 1,311
SBA loan servicing fees 324 10
Mortgage referral fees 274 202
Swap referral fees 430 580
Gain on sales of loans, net 254 464
Gain on sales of investment securities 5  
Other noninterest (loss) income (102) 145
Total noninterest income 2,619 2,712
Noninterest expense:    
Salaries and employee benefits 9,220 11,789
Occupancy and equipment expenses 2,662 2,315
Professional services 524 895
Data processing and network 1,229 743
Regulatory assessments and insurance 535 402
Amortization of intangibles 823 946
Advertising 78 153
Marketing 93 160
Telephone expense 499 407
Conversion expense   1,477
Other operating expenses 971 1,673
Total noninterest expense 16,634 20,960
Income before income tax expense 12,738 4,379
Income tax expense 2,652 305
Net income $ 10,086 $ 4,074
Earnings per common share:    
Basic $ 0.59 $ 0.22
Diluted $ 0.58 $ 0.22
Weighted average common shares outstanding:    
Basic 17,103,981 18,184,110
Diluted 17,518,029 18,441,977

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