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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
INTEREST AND DIVIDEND INCOME:    
Loans including fees $ 26,457 $ 21,970
Securities:    
Taxable 1,984 2,191
Tax-exempt 694 800
Dividends 252 143
Total interest and dividend income 29,387 25,104
INTEREST EXPENSE:    
Deposits 2,924 2,121
Borrowed funds 1,488 809
Subordinated debentures (includes $58 and $76 accumulated other comprehensive income reclassification for change in fair value of interest rate swap agreements in 2018 and 2017, respectively) 875 972
Total interest expense 5,287 3,902
NET INTEREST INCOME 24,100 21,202
Provision (benefit) for loan losses 1,631 1,016
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 22,469 20,186
NON-INTEREST INCOME:    
Service charges on deposit accounts 1,247 1,090
Other service charges and fees 618 529
Wealth and asset management fees 1,030 871
Net realized gains on available-for-sale securities (includes $0 and $1,383 accumulated other comprehensive income reclassifications for net realized gains on available-for-sale securities in 2018 and 2017, respectively) 0 1,383
Net realized and unrealized gains on trading securities 14 188
Mortgage banking 208 184
Bank owned life insurance 400 352
Card processing and interchange income 971 878
Other 263 298
Total non-interest income 4,751 5,773
NON-INTEREST EXPENSES:    
Salaries and benefits 9,535 9,005
Net occupancy expense 2,496 2,540
Amortization of core deposit intangible 248 331
Data processing 1,074 961
State and local taxes 853 739
Legal, professional, and examination fees 508 549
Advertising 597 413
FDIC insurance premiums 298 204
Card processing and interchange expenses 734 422
Other 2,656 1,870
Total non-interest expenses 18,999 17,034
INCOME BEFORE INCOME TAXES 8,221 8,925
INCOME TAX EXPENSE (includes $12 and $457 income tax expense from reclassification items in 2018 and 2017, respectively) 1,124 2,445
NET INCOME $ 7,097 $ 6,480
EARNINGS PER SHARE:    
Basic $ 0.46 $ 0.43
Diluted 0.46 0.43
DIVIDENDS PER SHARE:    
Cash dividends per share $ 0.165 $ 0.165