XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest and dividend income:        
Loans $ 27,957 $ 29,613 $ 56,888 $ 59,029
Investment securities:        
Taxable 3,323 3,923 6,749 7,968
Nontaxable 2,501 2,954 5,066 6,046
Total interest and dividend income 33,781 36,490 68,703 73,043
Interest expense:        
Savings, NOW and money market deposits 2,359 4,841 6,639 8,841
Time deposits 2,886 3,933 5,928 7,331
Short-term borrowings 266 542 885 2,507
Long-term debt 2,162 1,895 4,157 3,675
Total interest expense 7,673 11,211 17,609 22,354
Net interest income 26,108 25,279 51,094 50,689
Provision (credit) for loan losses 92 422 2,450 (35)
Net interest income after provision (credit) for credit losses 26,016 24,857 48,644 50,724
Noninterest income:        
Investment Management Division income 519 517 1,067 998
Service charges on deposit accounts 619 780 1,606 1,485
Other 1,433 1,420 2,916 2,678
Total 2,571 2,717 5,589 5,161
Noninterest expense:        
Salaries and employee benefits 9,639 8,723 18,913 17,981
Occupancy and equipment 3,061 2,903 6,133 5,840
Other 2,960 3,150 5,472 6,090
Total noninterest expense 15,660 14,776 30,518 29,911
Income before income taxes 12,927 12,798 23,715 25,974
Income tax expense 2,168 2,054 3,808 4,389
Net income $ 10,759 $ 10,744 $ 19,907 $ 21,585
Weighted average:        
Common shares 23,838,224 24,821,026 23,871,245 25,051,412
Dilutive stock options and restricted stock units 23,638 181,751 39,135 169,048
Total 23,861,862 25,002,777 23,910,380 25,220,460
Earnings per share:        
Basic $ 0.45 $ 0.43 $ 0.83 $ 0.86
Diluted 0.45 0.43 0.83 0.86
Cash dividends declared per share $ 0.18 $ 0.17 $ 0.36 $ 0.34