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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest and dividend income        
Loans and leases, including fees $ 21,683 $ 24,010 $ 43,796 $ 47,759
Taxable securities 2,250 2,591 4,710 5,207
Tax-exempt securities 1,440 1,072 2,778 2,117
Federal funds sold and other 12 115 153 188
Total interest income 25,385 27,788 51,437 55,271
Interest expense        
Deposits 893 3,093 2,727 6,048
Short-term borrowings 39 26 75 97
Subordinated debentures 311 470 706 954
Total interest expense 1,243 3,589 3,508 7,099
Net interest income 24,142 24,199 47,929 48,172
Provision for loan and lease losses 2,200 400 4,000 700
Net interest income after provision for loan and lease losses 21,942 23,799 43,929 47,472
Non-interest income        
Other income 4,282 2,704 7,205 5,668
Total non-interest income 6,900 5,855 13,007 11,762
Non-interest expense        
Salaries and employee benefits 9,266 8,994 19,438 18,237
Occupancy and equipment 2,504 2,450 4,832 4,811
Other 6,263 6,212 11,581 12,461
Total non-interest expense 18,033 17,656 35,851 35,509
Income before taxes 10,809 11,998 21,085 23,725
Provision for income taxes 2,506 3,169 4,975 6,001
Net income $ 8,303 $ 8,829 $ 16,110 $ 17,724
Earnings per share        
Book value $ 21.55 $ 19.36 $ 21.55 $ 19.36
Cash dividend per share 0.20 0.18 0.40 0.36
Basic 0.55 0.58 1.06 1.16
Diluted $ 0.54 $ 0.57 $ 1.05 $ 1.15
Weighted average shares outstanding, basic 15,191,823 15,329,907 15,226,748 15,320,784
Weighted average shares outstanding, diluted 15,237,655 15,458,320 15,288,009 15,453,212
Deposit Account [Member]        
Non-interest income        
Revenue from Contract with Customer, Excluding Assessed Tax $ 2,618 $ 3,151 $ 5,802 $ 6,094
Debit Card [Member]        
Non-interest income        
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,723 $ 1,687 $ 3,355 $ 3,200