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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
INTEREST AND DIVIDEND INCOME      
Loans, including fees $ 89,103 $ 79,835 $ 69,934
Taxable securities 4,840 4,928 4,899
Tax exempt securities 6,687 5,707 4,763
Dividends 627 652 537
Federal funds sold and other interest income 729 644 394
TOTAL INTEREST AND DIVIDEND INCOME 101,986 91,766 80,527
INTEREST EXPENSE      
Deposits 16,860 8,139 4,490
Short-term borrowings 2,250 4,936 2,167
Long-term borrowings 498 190 224
TOTAL INTEREST EXPENSE 19,608 13,265 6,881
NET INTEREST INCOME 82,378 78,501 73,646
Provision for loan losses 2,450 3,000 3,350
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 79,928 75,501 70,296
NONINTEREST INCOME      
Bank owned life insurance income, including death benefits 818 881 831
Security gains, including change in fair value for equity securities 42 271 4
Net gains on sale of loans 4,386 2,729 3,066
Other operating income 2,031 1,479 1,370
TOTAL NONINTEREST INCOME 28,602 25,499 24,051
NONINTEREST EXPENSE      
Salaries and employee benefits 37,172 35,976 34,759
Occupancy and equipment 6,649 6,478 6,292
State and local taxes 1,826 1,887 1,663
Professional fees 3,122 2,856 2,891
Merger related costs (income) 197 (155) 888
Advertising 1,736 1,559 1,527
FDIC insurance 331 899 869
Intangible amortization 1,306 1,418 1,494
Core processing charges 3,370 3,073 2,880
Telephone and data 948 1,061 973
Other operating expenses 8,798 7,665 6,950
TOTAL NONINTEREST EXPENSE 65,455 62,717 61,186
INCOME BEFORE INCOME TAXES 43,075 38,283 33,161
INCOME TAXES 7,315 5,714 10,450
NET INCOME $ 35,760 $ 32,569 $ 22,711
Basic $ 1.29 $ 1.18 $ 0.82
Diluted $ 1.28 $ 1.16 $ 0.82
Service Charges on Deposit Accounts      
NONINTEREST INCOME      
Noninterest income $ 4,514 $ 4,254 $ 4,077
Trust Fees      
NONINTEREST INCOME      
Noninterest income 7,475 7,126 6,431
Insurance Agency Commissions      
NONINTEREST INCOME      
Noninterest income 2,919 2,621 2,407
Retirement Plan Consulting Fees      
NONINTEREST INCOME      
Noninterest income 1,489 1,684 1,857
Investment Commissions      
NONINTEREST INCOME      
Noninterest income 1,406 1,103 919
Debit Card and EFT Fees      
NONINTEREST INCOME      
Noninterest income $ 3,522 $ 3,351 $ 3,089