XML 58 R4.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
INTEREST INCOME:    
Loans, including related fees $ 35,034 $ 26,754
Securities:    
Taxable 4,029 3,681
Tax-exempt 1,938 1,867
Other 402 314
TOTAL INTEREST INCOME 41,403 32,616
INTEREST EXPENSE:    
Deposits 4,530 2,817
Short-term borrowings 267 323
Other borrowings 256 50
TOTAL INTEREST EXPENSE 5,053 3,190
NET INTEREST INCOME 36,350 29,426
Provision for loan losses 2,690 1,470
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 33,660 27,956
NON-INTEREST INCOME:    
Trust and financial services 1,534 1,204
Service charges and fees on deposit accounts 2,998 2,624
Other service charges and fees 3,330 3,114
Net securities gains (losses) 194 (4)
Gain on sales of mortgage loans 698 420
Other 341 278
TOTAL NON-INTEREST INCOME 9,095 7,636
NON-INTEREST EXPENSE:    
Salaries and employee benefits 15,972 12,755
Occupancy expense 1,929 1,815
Equipment expense 2,461 1,817
FDIC Expense (230) 140
Other 7,422 7,166
TOTAL NON-INTEREST EXPENSE 27,554 23,693
INCOME BEFORE INCOME TAXES 15,201 11,899
Income tax expense 3,020 2,217
NET INCOME 12,181 9,682
OTHER COMPREHENSIVE INCOME (LOSS)    
Change in unrealized gains/losses on securities, net of reclassifications 13,098 10,224
Change in funded status of post retirement benefits 404 303
COMPREHENSIVE INCOME (LOSS) $ 25,683 $ 20,209
PER SHARE DATA    
Basic and Diluted Earnings per Share (in dollars per share) $ 0.89 $ 0.79
Weighted average number of shares outstanding (in thousands) 13,740 12,282