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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest and dividend income    
Loans and leases, including fees $ 22,112 $ 23,748
Taxable securities 2,460 2,617
Tax-exempt securities 1,339 1,045
Federal funds sold and other 140 73
Total interest income 26,051 27,483
Interest expense    
Deposits 1,834 2,955
Short-term borrowings 36 72
Subordinated debentures 394 483
Total interest expense 2,264 3,510
Net interest income 23,787 23,973
Provision (benefit) for loan losses 1,800 300
Net interest income after provision for loan and lease losses 21,987 23,673
Non-interest income    
Service charges on deposits 3,183 2,943
Net (losses) gains on sale of securities available-for-sale   6
Other income 2,923 2,963
Total non-interest income 6,106 5,906
Non-interest expense    
Salaries and employee benefits 10,172 9,243
Occupancy and equipment 2,327 2,361
Other 5,319 6,248
Total non-interest expense 17,818 17,852
Income before income taxes 10,275 11,727
Provision for income taxes 2,468 2,832
Net income $ 7,807 $ 8,895
Earnings per share    
Book value $ 21.03 $ 18.53
Cash dividend per share 0.20 0.18
Basic 0.51 0.58
Diluted $ 0.51 $ 0.58
Weighted average shares outstanding, basic 15,262,252 15,311,154
Weighted average shares outstanding, diluted 15,340,017 15,447,747