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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest and fees on loans        
Taxable $ 24,786 $ 21,154 $ 71,877 $ 62,196
Tax-exempt 154 141 467 428
Interest and dividends on securities        
Interest Income, Securities, Operating, Taxable 1,566 1,227 4,859 3,838
Interest Income, Securities, Operating, Tax Exempt 618 1,140 2,307 3,222
Interest on interest bearing deposits with other banks 125 138 490 412
Total interest income 27,249 23,800 80,000 70,096
Interest expense        
Interest on deposits 6,214 4,714 17,745 12,572
Interest on short-term borrowings 1,371 1,437 4,240 4,084
Interest on long-term borrowings and subordinated debentures 244 436 758 1,695
Total interest expense 7,829 6,587 22,743 18,351
Net interest income 19,420 17,213 57,257 51,745
Provision for loan losses 500 500 1,050 1,750
Net interest income after provision for loan losses 18,920 16,713 56,207 49,995
Noninterest income        
Insurance commissions 40 1,062 1,821 3,188
Realized securities gains, net 453 8 1,535 828
Gain (Loss) on Disposition of Business 0 0 1,906 0
Bank owned life insurance income 247 250 733 773
Other 151 196 627 656
Total noninterest income 3,759 4,211 14,799 13,235
Noninterest expenses        
Salaries, commissions and employee benefits 7,044 6,806 21,966 20,550
Net occupancy expense 799 856 2,602 2,528
Equipment expense 1,296 1,118 3,694 3,271
Professional fees 388 503 1,266 1,222
Marketing and Advertising Expense 177 170 484 461
Amortization of intangibles 404 413 1,300 1,261
FDIC premiums 0 210 88 690
Bank card expense 455 384 1,367 1,080
Foreclosed properties expense, net of losses 305 169 2,236 843
Business Combination, Acquisition Related Costs 74 86 519 86
Other 1,864 1,643 6,473 5,415
Total noninterest expenses 12,806 12,358 41,995 37,407
Income before income tax expense 9,873 8,566 29,011 25,823
Income tax expense 1,812 1,667 5,293 5,201
Net income $ 8,061 $ 6,899 $ 23,718 $ 20,622
Basic earnings per common share $ 0.65 $ 0.56 $ 1.89 $ 1.67
Diluted earnings per common share $ 0.65 $ 0.55 $ 1.88 $ 1.66
Fiduciary and Trust [Member]        
Noninterest income        
Revenue from Contract with Customer, Including Assessed Tax $ 632 $ 687 $ 1,830 $ 2,026
Deposit Account [Member]        
Noninterest income        
Revenue from Contract with Customer, Including Assessed Tax 1,312 1,215 3,716 3,421
Credit and Debit Card [Member]        
Noninterest income        
Revenue from Contract with Customer, Including Assessed Tax $ 924 $ 793 $ 2,631 $ 2,343