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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
INTEREST AND DIVIDEND INCOME      
Loans, including fees $ 79,835 $ 69,934 $ 63,109
Taxable securities 4,928 4,899 5,058
Tax exempt securities 5,707 4,763 3,650
Dividends 652 537 515
Federal funds sold and other interest income 644 394 166
TOTAL INTEREST AND DIVIDEND INCOME 91,766 80,527 72,498
INTEREST EXPENSE      
Deposits 8,139 4,490 3,221
Short-term borrowings 4,936 2,167 689
Long-term borrowings 190 224 468
TOTAL INTEREST EXPENSE 13,265 6,881 4,378
NET INTEREST INCOME 78,501 73,646 68,120
Provision for loan losses 3,000 3,350 3,870
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 75,501 70,296 64,250
NONINTEREST INCOME      
Bank owned life insurance income, including death benefits 881 831 814
Security gains, including change in fair value for equity securities 271 4 73
Net gains on sale of loans 2,729 3,066 2,843
Other operating income 1,479 1,370 1,848
TOTAL NONINTEREST INCOME 25,499 24,051 23,244
NONINTEREST EXPENSE      
Salaries and employee benefits 35,976 34,759 31,908
Occupancy and equipment 6,478 6,292 6,615
State and local taxes 1,887 1,663 1,544
Professional fees 2,856 2,891 2,757
Merger related costs (155) 888 563
Advertising 1,559 1,527 1,462
FDIC insurance 899 869 1,055
Intangible amortization 1,418 1,494 1,461
Core processing charges 3,073 2,880 2,699
Telephone and data 1,061 973 930
Other operating expenses 7,665 6,950 8,458
TOTAL NONINTEREST EXPENSE 62,717 61,186 59,452
INCOME BEFORE INCOME TAXES 38,283 33,161 28,042
INCOME TAXES 5,714 10,450 7,485
NET INCOME $ 32,569 $ 22,711 $ 20,557
Basic $ 1.18 $ 0.82 $ 0.76
Diluted $ 1.16 $ 0.82 $ 0.76
Service Charges on Deposit Accounts      
NONINTEREST INCOME      
Noninterest income $ 4,254 $ 4,077 $ 4,010
Trust Fees      
NONINTEREST INCOME      
Noninterest income 7,126 6,431 6,235
Insurance Agency Commissions      
NONINTEREST INCOME      
Noninterest income 2,621 2,407 1,560
Retirement Plan Consulting Fees      
NONINTEREST INCOME      
Noninterest income 1,684 1,857 1,990
Investment Commissions      
NONINTEREST INCOME      
Noninterest income 1,103 919 1,210
Debit Card and EFT Fees      
NONINTEREST INCOME      
Noninterest income $ 3,351 $ 3,089 $ 2,661