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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest Income    
Loans, including fees $ 20,542 $ 21,573
Investment securities - Taxable 1,759 1,309
Investment securities -Exempt from federal income taxes 235 244
Other 570 184
Total interest income 23,106 23,310
Interest Expense    
Deposits 3,392 2,748
Short-term borrowings   531
Long-term debt 877 911
Total interest expense 4,269 4,190
Net interest income 18,837 19,120
Provision for loan losses 2,500 2,220
Net interest income after provision for loan losses 16,337 16,900
Noninterest Income    
Retirement and benefit services 16,220 15,059
Wealth management 4,046 3,611
Mortgage banking 5,045 4,569
Service charges on deposit accounts 423 444
Net gains (losses) on investment securities   127
Other 1,455 1,264
Total noninterest income 27,189 25,074
Noninterest Expense    
Compensation 18,731 16,813
Employee taxes and benefits 5,308 5,428
Occupancy and equipment expense 2,755 2,745
Business services, software and technology expense 4,444 3,798
Intangible amortization expense 990 1,051
Professional fees and assessments 1,040 1,066
Marketing and business development 610 427
Supplies and postage 703 733
Travel 261 502
Mortgage and lending expenses 1,043 446
Other 841 505
Total noninterest expense 36,726 33,514
Income before income taxes 6,800 8,460
Income tax expense 1,437 2,024
Net income $ 5,363 $ 6,436
Basic earnings per common share $ 0.31 $ 0.47
Diluted earnings per common share 0.30 0.46
Dividends declared per common share $ 0.15 $ 0.14
Average common shares outstanding 17,070 13,781
Diluted average common shares outstanding 17,405 14,078