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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest income:        
Interest and fees on loans $ 22,068 $ 22,556 $ 66,968 $ 67,733
Interest on securities -- taxable 261 666 916 1,704
Interest on securities -- tax-exempt 596 706 1,930 2,133
Interest on deposits in banks 680 358 1,784 1,343
Total interest income 23,605 24,286 71,598 72,913
Interest expense:        
Interest on deposits 1,383 1,269 4,080 3,847
Interest on short-term borrowings 1 204 122 606
Interest on long-term debt 488 1,494
Total interest expense 1,384 1,961 4,202 5,947
Net interest income 22,221 22,325 67,396 66,966
Provision for loan losses 675 495 3,480 1,485
Net interest income after provision for loan losses 21,546 21,830 63,916 65,481
Noninterest income:        
Insurance commissions 299 966
Net loss on sale of securities (618) (43) (618)
Net FDIC indemnification asset amortization (719) (645) (1,787) (1,602)
Other income 900 4,600
Other operating income 709 964 1,935 2,393
Total noninterest income 7,634 6,519 24,363 20,146
Noninterest expense:        
Salaries and employee benefits 9,334 8,983 27,653 27,417
Occupancy expense 1,042 1,075 3,277 3,408
Furniture and equipment expense 1,183 985 3,278 2,976
Service fees 1,466 1,134 3,727 2,813
Advertising and public relations 795 478 1,832 1,461
Professional fees 548 337 1,290 1,074
Amortization of intangibles 251 261 746 785
FDIC premiums and assessments 234 318 697
Merger/acquisition/divestiture expenses 592 592
Loss on extinguishment of debt 1,096 1,096
Goodwill impairment 1,492 1,492
Other operating expense 2,233 2,056 8,167 9,188
Total noninterest expense 17,444 18,131 50,880 52,407
Income before income taxes 11,736 10,218 37,399 33,220
Income tax expense 2,580 1,118 8,161 6,186
Net income $ 9,156 $ 9,100 $ 29,238 $ 27,034
Earnings per common share        
Basic (in dollars per share) $ 0.59 $ 0.55 $ 1.86 $ 1.62
Diluted (in dollars per share) $ 0.58 $ 0.55 $ 1.85 $ 1.61
Weighted average shares outstanding        
Basic (in shares) 15,603,992 16,512,823 15,717,678 16,717,704
Diluted (in shares) 15,664,587 16,612,416 15,785,484 16,810,425
Fiduciary and Trust [Member]        
Noninterest income:        
Noninterest income $ 952 $ 791 $ 2,581 $ 2,408
Deposit Account [Member]        
Noninterest income:        
Noninterest income 3,785 3,803 10,892 10,883
Financial Service, Other [Member]        
Noninterest income:        
Noninterest income $ 2,007 $ 1,925 $ 6,185 $ 5,716