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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income:        
Interest and fees on loans $ 22,721 $ 22,422 $ 44,900 $ 45,177
Interest on securities -- taxable 246 649 655 1,038
Interest on securities -- tax-exempt 649 712 1,334 1,427
Interest on deposits in banks 766 514 1,104 985
Total interest income 24,382 24,297 47,993 48,627
Interest expense:        
Interest on deposits 1,392 1,327 2,697 2,578
Interest on short-term borrowings 1 202 121 402
Interest on long-term debt 506 1,006
Total interest expense 1,393 2,035 2,818 3,986
Net interest income 22,989 22,262 45,175 44,641
Provision for loan losses 1,585 495 2,805 990
Net interest income after provision for loan losses 21,404 21,767 42,370 43,651
Noninterest income:        
Insurance commissions 338 667
Net loss on sale of securities (43) (43)
Net FDIC indemnification asset amortization (516) (575) (1,068) (957)
Other income 2,025 3,700
Other operating income 471 827 1,226 1,429
Total noninterest income 8,649 7,016 16,729 13,627
Noninterest expense:        
Salaries and employee benefits 9,153 8,993 18,319 18,434
Occupancy expense 1,082 1,083 2,235 2,333
Furniture and equipment expense 1,062 945 2,095 1,991
Service fees 1,231 851 2,261 1,679
Advertising and public relations 513 461 1,037 983
Professional fees 328 430 742 737
Amortization of intangibles 249 263 495 524
FDIC premiums and assessments 150 252 318 463
Other operating expense 2,883 3,939 5,934 7,132
Total noninterest expense 16,651 17,217 33,436 34,276
Income before income taxes 13,402 11,566 25,663 23,002
Income tax expense 2,951 2,500 5,581 5,068
Net income $ 10,451 $ 9,066 $ 20,082 $ 17,934
Earnings per common share        
Basic (in dollars per share) $ 0.67 $ 0.54 $ 1.27 $ 1.06
Diluted (in dollars per share) 0.66 0.54 1.27 1.06
Cash dividends per common share (in dollars per share) $ 0.25 $ 0.18 $ 0.46 $ 0.84
Weighted average shares outstanding        
Basic (in shares) 15,712,204 16,689,398 15,775,462 16,821,842
Diluted (in shares) 15,775,320 16,788,615 15,847,498 16,912,872
Fiduciary and Trust [Member]        
Noninterest income:        
Noninterest income $ 884 $ 823 $ 1,629 $ 1,617
Deposit Account [Member]        
Noninterest income:        
Noninterest income 3,699 3,612 7,107 7,080
Financial Service, Other [Member]        
Noninterest income:        
Noninterest income $ 2,129 $ 1,991 $ 4,178 $ 3,791