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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest and dividend income        
Loans $ 26,212 $ 24,661 $ 77,272 $ 70,081
Securities and other 5,972 5,402 17,407 15,832
Total interest and dividend income 32,184 30,063 94,679 85,913
Interest expense        
Deposits 5,478 3,177 13,868 7,926
Borrowings 4,237 3,408 12,192 9,327
Total interest expense 9,715 6,585 26,060 17,253
Net interest income 22,469 23,478 68,619 68,660
Provision for loan losses 643 660 2,208 2,191
Net interest income after provision for loan losses 21,826 22,818 66,411 66,469
Non-interest income        
Trust and investment management fee income 2,952 3,040 9,036 9,228
Insurance brokerage service income 0 329 0 1,020
Customer service fees 2,490 2,638 7,061 6,402
Gain on sales of securities, net 0 19 0 19
Bank-owned life insurance income 505 380 1,328 1,165
Other income 1,179 554 3,060 1,631
Total non-interest income 7,126 6,960 20,485 19,465
Non-interest expense        
Salaries and employee benefits 10,331 9,617 31,695 30,065
Occupancy and equipment 3,366 2,700 9,364 8,195
Loss on premises and equipment, net 0 (1) 0 94
Outside services 456 907 1,597 2,220
Professional services 223 428 1,016 1,357
Communication 217 382 701 1,040
Amortization of intangible assets 207 212 621 603
Acquisition, conversion and other expenses 70 346 619 5,917
Other expenses 3,036 2,995 9,830 8,972
Total non-interest expense 17,906 17,586 55,443 58,463
Income before income taxes 11,046 12,192 31,453 27,471
Income tax expense 2,076 3,575 6,136 8,085
Net income $ 8,970 $ 8,617 $ 25,317 $ 19,386
Earnings per share:        
Basic (in dollars per share) $ 0.58 $ 0.56 $ 1.64 $ 1.27
Diluted (in dollars per share) $ 0.58 $ 0.56 $ 1.63 $ 1.27
Weighted average common shares outstanding:        
Basic (in shares) 15,503,488 15,420,499 15,478,207 15,098,377
Diluted (in shares) 15,580,063 15,510,525 15,563,766 15,204,038