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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest and dividend income      
Loans and leases, including fees $ 95,898 $ 87,792 $ 68,227
Taxable securities 10,139 9,548 8,614
Tax-exempt securities 4,534 4,060 3,711
Dividend income on securities     16
Federal funds sold and other 376 238 356
Total interest income 110,947 101,638 80,924
Interest expense      
Deposits 11,380 7,260 3,762
Short-term borrowings 362 253 93
Subordinated debentures 1,836 1,731 1,368
Total interest expense 13,578 9,244 5,223
Net interest income 97,369 92,394 75,701
Provision (benefit) for loan losses 2,550 4,350 (1,140)
Net interest income after provision for loan and lease losses 94,819 88,044 76,841
Non-interest income      
Service charges on deposits 12,742 12,439 11,230
Gain on sale of loans     3
Checkcard fees 6,584 5,878 4,955
Net (losses) gains on sale of securities available-for-sale (198) [1] 2 [1] 500
Increase in cash surrender value of life insurance 2,184 591 1,640
Other income 2,165 2,654 3,451
Total non-interest income 23,477 21,564 21,779
Non-interest expense      
Salaries and employee benefits 35,978 [1] 36,133 [1] 31,506
Occupancy and equipment 9,845 [1] 10,295 [1] 9,590
Acquisition costs 22 449 2,225
Other 24,733 23,147 22,120
Total non-interest expense 70,578 70,024 65,441
Income before income taxes 47,718 39,584 33,179
Provision for income taxes 11,757 9,907 13,640
Net income $ 35,961 $ 29,677 $ 19,539
Earnings per share      
Basic $ 2.35 $ 1.94 $ 1.38
Diluted $ 2.33 $ 1.92 $ 1.36
Weighted average shares outstanding, basic 15,311,113 15,261,794 14,172,196
Weighted average shares outstanding, diluted 15,437,111 15,432,120 14,357,782
[1] Not within the scope of ASC 606. Revenue streams are not related to contracts with customers and are accounted for on an accrual basis under other provisions of GAAP.