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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest and dividend income        
Loans and leases, including fees $ 24,118 $ 22,824 $ 71,877 $ 64,332
Taxable securities 2,484 2,382 7,692 7,020
Tax-exempt securities 1,160 1,006 3,276 3,040
Federal funds sold and other 139 24 327 204
Total interest income 27,901 26,236 83,172 74,596
Interest expense        
Deposits 2,983 1,923 9,031 4,835
Short-term borrowings 90 86 188 152
Subordinated debentures 453 451 1,406 1,273
Total interest expense 3,526 2,460 10,625 6,260
Net interest income 24,375 23,776 72,547 68,336
Provision for loan losses 1,350 2,450 2,050 2,950
Net interest income after provision for loan losses 23,025 21,326 70,497 65,386
Non-interest income        
Service charges on deposits 3,292 3,208 9,386 9,181
Other income 2,577 2,515 8,245 7,104
Total non-interest income 5,869 5,723 17,631 16,285
Other operating expense        
Salaries and employee benefits 8,784 8,814 27,021 26,994
Occupancy and equipment 2,485 2,685 7,296 7,484
Other 5,819 6,308 18,280 18,510
Total other operating expense 17,088 17,807 52,597 52,988
Income before taxes 11,806 9,242 35,531 28,683
Provision for income taxes 2,854 2,171 8,855 6,910
Net income $ 8,952 $ 7,071 $ 26,676 $ 21,773
PER SHARE DATA        
Book value $ 19.85 $ 17.23 $ 19.85 $ 17.23
Cash dividends 0.19 0.16 0.55 0.48
Earnings per share basic 0.58 0.46 1.74 1.43
Earnings per share diluted $ 0.58 $ 0.46 $ 1.73 $ 1.41
Average shares outstanding, basic 15,318,580 15,267,587 15,320,041 15,251,746
Average shares outstanding, diluted 15,434,788 15,444,406 15,449,340 15,428,465
Total shareholder equity (in thousands) $ 303,353 $ 263,208 $ 303,353 $ 263,208
Shares outstanding 15,284,491 15,277,710 15,284,491 15,277,710
Dividends paid (in thousands) $ 2,914 $ 2,442 $ 8,427 $ 7,320