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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income    
Loans and leases $ 31,544 $ 27,062
Federal funds sold and interest bearing due from banks 733 268
Mortgage loans held for sale 37 35
Securities available for sale    
Taxable 2,568 2,138
Tax-exempt 147 241
Total interest income 35,029 29,744
Interest expense    
Deposits 5,066 2,077
Securities sold under agreements to repurchase 25 33
Federal funds purchased and other short-term borrowing 60 90
Federal Home Loan Bank advances 221 235
Total interest expense 5,372 2,435
Net interest income 29,657 27,309
Provision for loan and lease losses 600 735
Net interest income after provision 29,057 26,574
Non-interest income:    
Non-interest income 5,439 5,500
Mortgage banking income [1] 482 576
Bank owned life insurance [1] 178 187
Total non-interest income 11,062 10,909
Non-interest expenses    
Compensation 11,801 10,970
Employee benefits 2,642 2,633
Net occupancy and equipment 1,858 1,818
Technology and communication 1,773 1,630
Debit and credit card processing 587 566
Marketing and business development 625 646
Postage, printing, and supplies 406 391
Legal and professional 534 493
FDIC insurance 238 242
Amortization/impairment of investments in tax credit partnerships 52
Capital and deposit based taxes 904 852
Other 1,219 786
Total non-interest expenses 22,639 21,027
Income before income taxes 17,480 16,456
Income tax expense 1,839 3,052
Net income $ 15,641 $ 13,404
Net income per share, basic (in dollars per share) $ 0.69 $ 0.59
Net income per share, diluted (in dollars per share) $ 0.68 $ 0.58
Average common shares:    
Basic (in shares) 22,661 22,577
Diluted (in shares) 22,946 22,931
Fiduciary and Trust [Member]    
Non-interest income:    
Non-interest income $ 5,439 $ 5,500
Deposit Account [Member]    
Non-interest income:    
Non-interest income 1,247 1,411
Credit and Debit Card [Member]    
Non-interest income:    
Non-interest income 1,744 1,508
Treasury Management [Member]    
Non-interest income:    
Non-interest income 1,157 1,047
Investment Advisory, Management and Administrative Service [Member]    
Non-interest income:    
Non-interest income 356 404
Product and Service, Other [Member]    
Non-interest income:    
Non-interest income $ 459 $ 276
[1] Outside of scope of ASC 606