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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
INTEREST INCOME:      
Interest and fees on loans $ 47,489 $ 36,571 $ 35,600
Dividend Income, Equity Securities, Operating 65 63 66
Dividend Income, Operating 39 26 49
Interest on debt securities:      
Taxable 3,666 4,239 4,467
Non-taxable 2,686 3,130 3,199
Other investments 649 434 369
TOTAL INTEREST INCOME 54,594 44,463 43,750
INTEREST EXPENSE:      
Interest on deposits 5,753 3,378 3,440
Interest on short-term borrowings 311 209 38
Interest on long-term debt 361 12 26
TOTAL INTEREST EXPENSE 6,425 3,599 3,504
NET INTEREST INCOME 48,169 40,864 40,246
PROVISION FOR LOAN LOSSES 923 215 913
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 47,246 40,649 39,333
NON-INTEREST INCOME:      
Fiduciary income 3,958 3,473 3,286
Service charges and fees on deposit accounts 5,590 5,236 5,008
Net gains (losses) on sales of securities (8) 233 1,082
Bank owned life insurance income 738 867 746
Net gains from sales of loans 223 166 244
Other operating income 549 483 487
TOTAL NON-INTEREST INCOME 11,050 10,458 10,853
NON-INTEREST EXPENSE:      
Salaries and employee benefits 21,279 18,585 18,215
Equipment expenses 1,138 1,172 1,048
Occupancy expense, net 2,861 2,613 2,271
State financial institutions tax 1,197 1,137 1,114
Marketing 1,119 873 696
Amortization of intangibles 922 751 753
FDIC premiums 419 423 547
ATM expense 580 572 721
Computer maintenance and supplies 990 882 790
Telephone expense 649 735 746
Contracted services 1,547 1,255 1,033
Other real estate owned 20 10 624
Merger-related expenses 2,123 118 0
Other non-interest expense 5,658 4,737 4,703
TOTAL NON-INTEREST EXPENSE 40,502 33,863 33,261
INCOME BEFORE INCOME TAXES 17,794 17,244 16,925
PROVISION FOR INCOME TAXES 2,949 4,272 4,443
NET INCOME $ 14,845 $ 12,972 $ 12,482
Earnings per common share:      
Basic (in dollars per share) $ 1.24 $ 1.30 $ 1.26
Diluted (in dollars per share) $ 1.24 $ 1.29 $ 1.25
Weighted average common shares outstanding:      
Basic (in shares) 11,935,350 10,005,575 9,948,057
Diluted (in shares) 11,942,253 10,012,511 9,976,370