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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest and Dividend Income:      
Interest and fees on loans $ 82,684 $ 59,966 $ 55,276
Interest and dividends on securities:      
Taxable 7,682 6,106 4,666
Tax-exempt 777 1,502 2,043
Dividends 451 321 319
Other interest income 1,261 873 734
Total interest and dividend income 92,855 68,768 63,038
Interest Expense:      
Interest on deposits 13,143 8,086 5,794
Interest on short-term borrowings 650 186 173
Interest on long-term borrowings 14 0 296
Interest on subordinated debt 367 0 0
Interest on junior subordinated debt 1,554 1,402 1,028
Total interest expense 15,728 9,674 7,291
Net Interest Income 77,127 59,094 55,747
Provision for (recovery of) loan losses 456 (103) 1,016
Net Interest Income after Provision for (Recovery of) Loan Losses 76,671 59,197 54,731
Noninterest Income:      
Trust fees 3,847 3,783 3,926
Service charges on deposit accounts 2,866 2,455 2,426
Other fees and commissions 3,693 2,637 2,471
Mortgage banking income 2,439 1,862 2,208
Securities gains, net 607 123 812
Brokerage fees 721 795 829
Income from Small Business Investment Companies 211 637 236
Gains (losses) on premises and equipment, net (427) 60 344
Other 1,213 922 975
Total noninterest income 15,170 13,274 14,227
Noninterest Expense:      
Salaries 24,672 20,509 19,829
Employee benefits 5,343 4,370 4,274
Occupancy and equipment 5,417 4,378 4,487
FDIC assessment 119 537 538
Bank franchise tax 1,644 1,054 1,072
Core deposit intangible amortization 1,398 265 528
Data processing 2,567 1,691 2,014
Software 1,295 1,279 1,144
Other real estate owned, net 31 122 303
Merger related expenses 11,782 872 0
Other 11,806 9,169 8,694
Total noninterest expense 66,074 44,246 42,883
Income Before Income Taxes 25,767 28,225 26,075
Income Taxes 4,861 5,646 10,826
Net Income $ 20,906 $ 22,579 $ 15,249
Net Income Per Common Share:      
Basic (in dollars per share) $ 1.99 $ 2.60 $ 1.76
Diluted (in dollars per share) $ 1.98 $ 2.59 $ 1.76
Average Common Shares Outstanding:      
Basic (in shares) 10,531,572 8,698,014 8,641,717
Diluted (in shares) 10,541,337 8,708,462 8,660,628