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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income        
Loans $ 30,359 $ 25,410 $ 86,877 $ 73,856
Federal funds sold and interest bearing deposits 373 388 804 798
Mortgage loans held for sale 42 48 121 145
Securities        
Taxable 2,055 2,003 6,298 6,173
Tax-exempt 192 271 669 829
Total Interest income 33,021 28,120 94,769 81,801
Interest expense        
Deposits 3,972 1,593 8,723 4,237
Securities sold under agreements to repurchase and other short-term borrowings 300 110 850 225
Long term debt 228 244 692 715
Total interest expense 4,500 1,947 10,265 5,177
Net interest income 28,521 26,173 84,504 76,624
Provision for loan losses 735 150 2,705 1,650
Net interest income after provision for loan losses 27,786 26,023 81,799 74,974
Non-interest income:        
Mortgage banking [1] 712 781 2,034 2,380
Gain on call of securities 31 31
Bank owned life insurance [1] 186 204 564 964
Total non-interest income 11,426 10,945 33,770 33,092
Non-interest expenses        
Compensation 11,607 10,614 34,280 31,849
Employee benefits 2,501 2,368 7,646 7,392
Net occupancy and equipment 1,914 1,937 5,543 5,626
Technology and communication 2,183 1,905 6,643 5,873
Marketing and business development 740 611 2,191 1,743
Postage, printing and supplies 370 355 1,161 1,108
Legal and professional 501 571 1,498 1,642
FDIC insurance 238 242 718 716
Amortization/impairment of investments in tax credit partnerships 616 58 1,847
Capital and deposit based taxes 738 732 2,452 2,262
Other 989 1,217 2,754 3,314
Total non-interest expense 21,781 21,168 64,944 63,372
Income before income taxes 17,431 15,800 50,625 44,694
Income tax expense 3,555 4,096 9,766 11,597
Net income $ 13,876 $ 11,704 $ 40,859 $ 33,097
Net income per share        
Basic (in dollars per share) $ 0.61 $ 0.52 $ 1.81 $ 1.47
Diluted (in dollars per share) $ 0.60 $ 0.51 $ 1.78 $ 1.44
Average common shares        
Basic (in shares) 22,636 22,542 22,613 22,524
Diluted (in shares) 22,968 22,964 22,956 22,984
Fiduciary and Trust [Member]        
Non-interest income:        
Non-interest income $ 5,380 $ 5,025 $ 16,224 $ 15,272
Deposit Account [Member]        
Non-interest income:        
Non-interest income 1,482 1,568 4,340 4,583
Credit and Debit Card [Member]        
Non-interest income:        
Non-interest income 1,759 1,492 4,956 4,412
Treasury Management [Member]        
Non-interest income:        
Non-interest income 1,151 1,083 3,311 3,187
Investment Advisory, Management and Administrative Service [Member]        
Non-interest income:        
Non-interest income 444 404 1,245 1,147
Product and Service, Other [Member]        
Non-interest income:        
Non-interest income $ 312 [2] $ 357 [3] $ 1,096 [2] $ 1,116 [3]
[1] Not within the scope of ASC 606
[2] Includes safe box deposit fees of $46,000 quarterly and $137,000 year-to-date included within the scope of ASC 606
[3] Includes safe box deposit fees of $43,000 quarterly and $128,000 year-to-date included within the scope of ASC 606