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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest and dividend income        
Loans $ 25,934 $ 24,226 $ 51,060 $ 45,420
Securities and other 5,784 5,439 11,435 10,430
Total interest and dividend income 31,718 29,665 62,495 55,850
Interest expense        
Deposits 4,405 2,539 8,390 4,749
Borrowings 4,321 3,317 7,955 5,920
Total interest expense 8,726 5,856 16,345 10,669
Net interest income 22,992 23,809 46,150 45,181
Provision for loan losses 770 736 1,565 1,531
Net interest income after provision for loan losses 22,222 23,073 44,585 43,650
Non-interest income        
Trust and investment management fee income 3,122 3,324 6,084 6,188
Insurance brokerage service income 0 327 0 691
Customer service fees 2,347 1,991 4,571 3,764
Bank-owned life insurance income 377 386 823 785
Other income 1,275 530 1,881 1,076
Total non-interest income 7,121 6,558 13,359 12,504
Non-interest expense        
Salaries and employee benefits 10,375 10,127 21,364 20,448
Occupancy and equipment 2,925 2,829 5,998 5,495
Loss on premises and equipment, net 0 0 0 95
Outside services 581 716 1,141 1,313
Professional services 360 489 793 929
Communication 304 290 484 658
Amortization of intangible assets 207 211 414 391
Acquisition, conversion and other expenses 214 2,459 549 5,571
Other expenses 3,719 2,925 6,794 5,977
Total non-interest expense 18,685 20,046 37,537 40,877
Income before income taxes 10,658 9,585 20,407 15,277
Income tax expense 2,123 3,029 4,060 4,510
Net income $ 8,535 $ 6,556 $ 16,347 $ 10,767
Earnings per share:        
Basic (in dollars per share) $ 0.55 $ 0.43 $ 1.06 $ 0.72
Diluted (in dollars per share) $ 0.55 $ 0.42 $ 1.05 $ 0.72
Weighted average common shares outstanding:        
Basic (in shares) 15,482,188 15,393,458 15,465,357 14,934,850
Diluted (in shares) 15,571,451 15,506,258 15,559,971 15,049,317