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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
INTEREST INCOME:        
Loans, including related fees $ 25,581 $ 23,119 $ 73,982 $ 67,385
Securities:        
Taxable 3,601 3,500 13,141 10,887
Tax-exempt 1,873 1,859 5,573 5,529
Other 320 327 959 978
TOTAL INTEREST INCOME 31,375 28,805 93,655 84,779
INTEREST EXPENSE:        
Deposits 2,365 1,561 6,254 4,307
Short-term borrowings 167 98 354 215
Other borrowings 16 38 63 82
TOTAL INTEREST EXPENSE 2,548 1,697 6,671 4,604
NET INTEREST INCOME 28,827 27,108 86,984 80,175
Provision for loan losses 1,470 1,185 4,298 3,821
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 27,357 25,923 82,686 76,354
NON-INTEREST INCOME:        
Trust and financial services 1,133 1,194 3,888 3,660
Service charges and fees on deposit accounts 3,002 3,048 8,733 8,829
Other service charges and fees 3,256 3,070 9,747 9,369
Net securities gains (losses) 3 27 5 44
Other Operating Income 0   4,158 3,061
Insurance commissions   0    
Gain on sales of mortgage loans 618 535 1,458 1,255
Other 897 666 1,984 1,484
TOTAL NON-INTEREST INCOME 8,909 8,540 29,973 27,702
NON-INTEREST EXPENSE:        
Salaries and employee benefits 12,485 12,489 38,028 37,780
Occupancy expense 1,894 1,769 5,308 5,298
Equipment expense 1,673 1,792 5,016 5,424
FDIC Expense 223 228 673 689
Other 6,022 6,006 19,166 17,758
TOTAL NON-INTEREST EXPENSE 22,297 22,284 68,191 66,949
INCOME BEFORE INCOME TAXES 13,969 12,179 44,468 37,107
Income tax expense 2,656 3,385 8,941 10,592
NET INCOME 11,313 8,794 35,527 26,515
OTHER COMPREHENSIVE INCOME (LOSS)        
Change in unrealized gains/losses on securities, net of reclassifications (3,702) (51) (16,083) 8,182
Change in funded status of post retirement benefits 281 184 843 551
COMPREHENSIVE INCOME (LOSS) $ 7,892 $ 8,927 $ 20,287 $ 35,248
PER SHARE DATA        
Basic and Diluted Earnings per Share (in dollars per share) $ 0.92 $ 0.72 $ 2.90 $ 2.17
Weighted average number of shares outstanding (in thousands) 12,255 12,224 12,253 12,221