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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
INTEREST AND DIVIDEND INCOME      
Loans, including fees $ 98,379 $ 89,103 $ 79,835
Taxable securities 5,423 4,840 4,928
Tax exempt securities 7,684 6,687 5,707
Dividends 543 627 652
Federal funds sold and other interest income 298 729 644
TOTAL INTEREST AND DIVIDEND INCOME 112,327 101,986 91,766
INTEREST EXPENSE      
Deposits 14,381 16,860 8,139
Short-term borrowings 359 2,250 4,936
Long-term borrowings 1,396 498 190
TOTAL INTEREST EXPENSE 16,136 19,608 13,265
NET INTEREST INCOME 96,191 82,378 78,501
Provision for loan losses 9,100 2,450 3,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 87,091 79,928 75,501
NONINTEREST INCOME      
Bank owned life insurance income, including death benefits 795 818 881
Security gains, including change in fair value for equity securities 380 42 271
Net gains on sale of loans 12,273 4,386 2,729
Other operating income 2,289 2,031 1,479
TOTAL NONINTEREST INCOME 37,155 28,602 25,499
NONINTEREST EXPENSE      
Salaries and employee benefits 39,826 37,172 35,976
Occupancy and equipment 7,254 6,649 6,478
State and local taxes 2,138 1,826 1,887
Professional fees 2,733 3,122 2,856
Merger related costs (income) 3,223 197 (155)
Advertising 1,531 1,736 1,559
FDIC insurance 750 331 899
Intangible amortization 1,327 1,306 1,418
Core processing charges 3,551 3,370 3,073
Telephone and data 887 948 1,061
Other operating expenses 10,754 8,798 7,665
TOTAL NONINTEREST EXPENSE 73,974 65,455 62,717
INCOME BEFORE INCOME TAXES 50,272 43,075 38,283
INCOME TAXES 8,396 7,315 5,714
NET INCOME $ 41,876 $ 35,760 $ 32,569
Basic $ 1.48 $ 1.29 $ 1.18
Diluted $ 1.47 $ 1.28 $ 1.16
Service Charges on Deposit Accounts      
NONINTEREST INCOME      
Noninterest income $ 3,682 $ 4,514 $ 4,254
Trust Fees      
NONINTEREST INCOME      
Noninterest income 7,632 7,475 7,126
Insurance Agency Commissions      
NONINTEREST INCOME      
Noninterest income 3,124 2,919 2,621
Retirement Plan Consulting Fees      
NONINTEREST INCOME      
Noninterest income 1,523 1,489 1,684
Investment Commissions      
NONINTEREST INCOME      
Noninterest income 1,530 1,406 1,103
Debit Card and EFT Fees      
NONINTEREST INCOME      
Noninterest income $ 3,927 $ 3,522 $ 3,351