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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
INTEREST AND DIVIDEND INCOME      
Loans, including fees $ 69,934 $ 63,109 $ 44,657
Taxable securities 4,899 5,058 5,903
Tax exempt securities 4,763 3,650 2,951
Dividends 537 515 287
Federal funds sold and other interest income 394 166 29
TOTAL INTEREST AND DIVIDEND INCOME 80,527 72,498 53,827
INTEREST EXPENSE      
Deposits 4,490 3,221 3,489
Short-term borrowings 2,167 689 177
Long-term borrowings 224 468 424
TOTAL INTEREST EXPENSE 6,881 4,378 4,090
NET INTEREST INCOME 73,646 68,120 49,737
Provision for loan losses 3,350 3,870 3,510
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 70,296 64,250 46,227
NONINTEREST INCOME      
Service charges on deposit accounts 4,077 4,010 3,253
Bank owned life insurance income, including death benefits 831 814 702
Trust fees 6,431 6,235 6,156
Insurance agency commissions 2,407 1,560 569
Security gains 4 73 94
Retirement plan consulting fees 1,857 1,990 2,130
Investment commissions 919 1,210 1,172
Net gains on sale of loans 3,066 2,843 1,101
Debit card and EFT fees 3,089 2,661 1,882
Other operating income 1,370 1,848 1,247
TOTAL NONINTEREST INCOME 24,051 23,244 18,306
NONINTEREST EXPENSE      
Salaries and employee benefits 34,759 31,908 26,638
Occupancy and equipment 6,292 6,615 5,452
State and local taxes 1,663 1,544 1,171
Professional fees 2,891 2,757 3,180
Merger related costs 888 563 6,392
Advertising 1,527 1,462 1,479
FDIC insurance 869 1,055 937
Intangible amortization 1,494 1,461 983
Core processing charges 2,880 2,699 2,176
Telephone and data 973 930 676
Other operating expenses 7,331 8,458 4,895
TOTAL NONINTEREST EXPENSE 61,567 59,452 53,979
INCOME BEFORE INCOME TAXES 32,780 28,042 10,554
INCOME TAXES 10,069 7,485 2,499
NET INCOME $ 22,711 $ 20,557 $ 8,055
EARNINGS PER SHARE: Basic and Diluted $ 0.82 $ 0.76 $ 0.36