XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income:    
Interest and fees on loans $ 36,466 $ 29,758
Interest and dividends on investment securities 4,946 5,641
Other interest income 102 78
Total interest income 41,514 35,477
Interest expense:    
Deposits 6,799 3,456
Short-term borrowings 2,305 1,701
Long-term borrowings 618 618
Total interest expense 9,722 5,775
Net interest income 31,792 29,702
Provision for loan losses 1,193 2,949
Net interest income after provision for loan losses 30,599 26,753
Noninterest income:    
Service charges on deposits 1,680 1,738
Insurance income 1,378 1,399
ATM and debit card 1,443 1,421
Investment advisory 2,216 1,778
Company owned life insurance 410 450
Investments in limited partnerships 232 568
Loan servicing 110 115
Income from derivative instruments, net 168 171
Net gain on sale of loans held for sale 182 96
Net (loss) gain on investment securities (53)  
Net gain on other assets 49 3
Other 1,305 1,168
Total noninterest income 9,120 8,907
Noninterest expense:    
Salaries and employee benefits 14,001 13,429
Occupancy and equipment 4,586 4,407
Professional services 1,158 883
Computer and data processing 1,223 1,235
Supplies and postage 534 512
FDIC assessments 512 508
Advertising and promotions 520 977
Amortization of intangibles 323 288
Other 2,314 1,865
Total noninterest expense 25,171 24,104
Income before income taxes 14,548 11,556
Income tax expense 3,027 2,268
Net income 11,521 9,288
Preferred stock dividends 365 365
Net income available to common shareholders $ 11,156 $ 8,923
Earnings per common share (Note 3):    
Basic $ 0.70 $ 0.56
Diluted 0.70 0.56
Cash dividends declared per common share $ 0.25 $ 0.24