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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
INTEREST AND DIVIDEND INCOME:      
Loans, including related fees $ 137,241 $ 124,788 $ 100,541
Securities:      
Taxable 13,625 15,191 16,942
Tax-exempt 7,952 7,674 7,455
Other 1,667 1,468 1,286
TOTAL INTEREST AND DIVIDEND INCOME 160,485 149,121 126,224
INTEREST EXPENSE:      
Interest Expense, Deposits 12,801 15,711 9,032
Short-term borrowings 568 1,105 501
Other borrowings 770 653 112
TOTAL INTEREST EXPENSE 14,139 17,469 9,645
NET INTEREST INCOME 146,346 131,652 116,579
Provision for credit loss expense 10,528 4,700 5,768
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 135,818 126,952 110,811
Trust And Financial Services Revenue 5,423 5,036 5,286
Service Charges And Fees On Deposit Accounts 10,256 11,795 11,733
Service Charges And Fees, Other 15,644 14,012 13,012
NON-INTEREST INCOME:      
Securities gain (loss), net 233 44 2
Insurance commissions 158 133 144
Gain on sale of mortgage loans 6,626 2,573 1,829
Other 4,136 4,859 6,200
TOTAL NON-INTEREST INCOME 42,476 38,452 38,206
Labor and Related Expense 61,931 54,827 50,658
NON-INTEREST EXPENSES:      
Occupancy expense 8,202 7,600 7,030
Equipment expense 10,568 8,244 6,827
Federal Deposit Insurance 316 693 929
Other 31,741 33,041 25,845
TOTAL NON-INTEREST EXPENSE 112,758 104,405 91,289
INCOME BEFORE INCOME TAXES 65,536 60,999 57,728
Provision for income taxes 11,692 12,127 11,145
NET INCOME 53,844 48,872 46,583
OTHER COMPREHENSIVE INCOME      
Change in unrealized gains/losses on securities, net of reclassifications and taxes 19,269 20,998 (8,861)
Change in funded status of post-retirement benefits, net of taxes (2,004) (5,045) 2,477
COMPREHENSIVE INCOME $ 71,109 $ 64,825 $ 40,199
EARNINGS PER SHARE:      
BASIC AND DILUTED (in dollars per share) $ 3.93 $ 3.80 $ 3.80
Weighted average number of shares outstanding (in shares) 13,716 12,865 12,256