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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
INTEREST AND DIVIDEND INCOME:      
Loans, including related fees $ 124,788 $ 100,541 $ 91,100
Securities:      
Taxable 15,191 16,942 14,325
Tax-exempt 7,674 7,455 7,391
Other 1,468 1,286 1,379
TOTAL INTEREST AND DIVIDEND INCOME 149,121 126,224 114,195
INTEREST EXPENSE:      
Deposits 15,711 9,032 6,011
Short-term borrowings 1,105 501 245
Other borrowings 653 112 82
TOTAL INTEREST EXPENSE 17,469 9,645 6,338
NET INTEREST INCOME 131,652 116,579 107,857
Provision for loan losses 4,700 5,768 5,295
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 126,952 110,811 102,562
Trust And Financial Services Revenue 5,036 5,286 5,001
Service Charges And Fees On Deposit Accounts 11,795 11,733 11,895
Service Charges And Fees, Other 14,012 13,012 12,499
NON-INTEREST INCOME:      
Securities gain (loss), net 44 2 59
Insurance commissions 133 144 74
Gain on Sale of certain assets and liabilities of Insurance Brokerage Operation 0 0 0
Gain on sale of mortgage loans 2,573 1,829 1,688
Other 4,859 6,200 4,722
TOTAL NON-INTEREST INCOME 38,452 38,206 35,938
Labor and Related Expense 54,827 50,658 50,116
NON-INTEREST EXPENSES:      
Occupancy expense 7,600 7,030 6,897
Equipment expense 8,244 6,827 7,186
Federal Deposit Insurance 693 929 915
Other 33,041 25,845 23,633
TOTAL NON-INTEREST EXPENSE 104,405 91,289 88,747
INCOME BEFORE INCOME TAXES 60,999 57,728 49,753
Provision for income taxes 12,127 11,145 20,622
NET INCOME 48,872 46,583 29,131
OTHER COMPREHENSIVE INCOME      
Change in unrealized gains/losses on securities, net of reclassifications and taxes 20,998 (8,861) 3,335
Change in funded status of post-retirement benefits, net of taxes (5,045) 2,477 (3,875)
COMPREHENSIVE INCOME $ 64,825 $ 40,199 $ 28,591
EARNINGS PER SHARE:      
BASIC AND DILUTED (in dollars per share) $ 3.80 $ 3.80 $ 2.38
Weighted average number of shares outstanding (in shares) 12,865 12,256 12,225