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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest and dividend income:      
Loans and loans held for sale $ 131,091 $ 122,082 $ 111,090
Investment securities 13,347 13,135 10,728
Other interest-earning assets 402 1,891 1,085
Total interest and dividend income 144,840 137,108 122,903
Interest expense:      
Deposits 11,599 19,941 12,760
Borrowed funds 606 385 383
Subordinated debt 2,501 925 925
Total interest expense 14,706 21,251 14,068
Net interest income 130,134 115,857 108,835
Provision for loan losses 12,499 1,180 2,250
Net interest income after provision for loan losses 117,635 114,677 106,585
Non-interest income:      
Wealth management fees 5,815 5,494 5,624
Deposit and interchange fees 6,426 6,870 6,234
Income on bank-owned life insurance, net 587 638 672
Net gains (losses) on sales of available-for-sale debt securities 227 146 (2,950)
Net gains on sales of loans 1,409 469 260
Other income 2,783 2,702 2,150
Total non-interest income 17,247 16,319 11,990
Non-interest expense:      
Salaries and employee benefits 61,580 56,059 51,442
Occupancy and equipment expenses 8,546 8,417 8,526
Technology and telecommunications expenses 9,197 7,590 6,382
Advertising and public relations expenses 2,151 2,962 3,182
Audit, legal and other professional fees 2,273 2,039 1,725
Deposit insurance premiums 2,124 876 1,697
Supplies and postage expenses 898 971 989
Other operating expenses 6,485 7,501 6,935
Total non-interest expense 93,254 86,415 80,878
Income before income taxes 41,628 44,581 37,697
Provision for income taxes 10,172 10,381 8,816
Net income $ 31,456 $ 34,200 $ 28,881
Basic earnings per share (in dollars per share) $ 2.64 $ 2.90 $ 2.47
Diluted earnings per share (in dollars per share) $ 2.64 $ 2.89 $ 2.46
Basic weighted average common shares outstanding (in shares) 11,897,813 11,789,570 11,679,520
Diluted weighted average common shares outstanding (in shares) 11,919,508 11,829,818 11,750,462