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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
INTEREST AND DIVIDEND INCOME:      
Loans, including related fees $ 91,100 $ 86,128 $ 84,022
Securities:      
Taxable 14,325 14,506 15,815
Tax-exempt 7,391 7,269 7,194
Other 1,379 1,477 1,645
TOTAL INTEREST AND DIVIDEND INCOME 114,195 109,380 108,676
INTEREST EXPENSE:      
Deposits 6,011 4,159 3,934
Short-term borrowings 245 134 70
Other borrowings 82 114 165
TOTAL INTEREST EXPENSE 6,338 4,407 4,169
NET INTEREST INCOME 107,857 104,973 104,507
Provision for loan losses 5,295 3,300 4,700
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 102,562 101,673 99,807
NON-INTEREST INCOME:      
Trust and financial services 5,001 5,208 5,586
Service charges and fees on deposit accounts 11,895 10,530 10,145
Other service charges and fees 12,499 12,307 11,798
Securities gain (loss), net 59 34 17
Insurance commissions 74 2,346 6,945
Gain on Sale of certain assets and liabilities of Insurance Brokerage Operation 0 12,822 0
Gain on sale of mortgage loans 1,688 1,842 1,998
Other 4,722 1,842 2,690
TOTAL NON-INTEREST INCOME 35,938 46,931 39,179
Labor and Related Expense 51,322 52,730 60,109
NON-INTEREST EXPENSES:      
Occupancy expense 6,897 6,865 6,978
Equipment expense 7,186 7,300 6,991
Federal Deposit Insurance 915 1,300 1,769
Other 22,427 22,113 22,551
TOTAL NON-INTEREST EXPENSE 88,747 90,308 98,398
INCOME BEFORE INCOME TAXES 49,753 58,296 40,588
Provision for income taxes 20,622 19,883 10,392
NET INCOME 29,131 38,413 30,196
OTHER COMPREHENSIVE INCOME      
Change in unrealized gains/losses on securities, net of reclassifications and taxes 3,335 (10,130) (1,225)
Change in funded status of post-retirement benefits, net of taxes (3,875) 5,367 6,353
COMPREHENSIVE INCOME $ 28,591 $ 33,650 $ 35,324
EARNINGS PER SHARE:      
BASIC AND DILUTED (in dollars per share) $ 2.38 $ 3.12 $ 2.35
Weighted average number of shares outstanding (in shares) 12,225 12,317 12,836