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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest and dividend income    
Interest on taxable loans $ 16,284 $ 13,378
Interest on tax-exempt loans 89 96
Interest on taxable investment securities 1,980 1,714
Interest on tax-exempt investment securities 571 622
Dividends on FHLB of Boston stock 76 51
Interest on overnight investments 118 271
Total interest and dividend income 19,118 16,132
Interest expense    
Interest on deposits 2,501 962
Interest on borrowed funds 356 17
Total interest expense 2,857 979
Net interest and dividend income 16,261 15,153
Provision for Loan Losses (93) 409
Net interest and dividend income after provision for loan losses 16,354 14,744
Noninterest income    
Bank owned life insurance income 127 128
Gain (loss) on disposition of investment securities (87)  
Gain on loans held for sale 16 27
Loan related derivative income 436 472
Other income 327 404
Total noninterest income 7,957 8,178
Noninterest expense    
Salaries and employee benefits 10,827 10,073
Occupancy and equipment 2,330 2,227
Data processing 1,346 1,230
Professional services 807 887
Marketing 404 438
FDIC insurance   151
Merger expenses 91  
Other expenses 568 495
Total noninterest expense 16,373 15,501
Income before income taxes 7,938 7,421
Income tax expense 1,740 1,616
Net income $ 6,198 $ 5,805
Share data:    
Weighted average number of shares outstanding, basic 4,072,805 4,053,355
Weighted average number of shares outstanding, diluted 4,106,658 4,071,975
Basic earnings per share $ 1.51 $ 1.42
Diluted earnings per share $ 1.49 $ 1.41
Wealth Management Revenue    
Noninterest income    
Noninterest income $ 6,124 $ 6,126
Deposit Account Fees    
Noninterest income    
Noninterest income 738 750
ATM/Debit Card Income    
Noninterest income    
Noninterest income $ 276 $ 271