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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 $ 111,042 $ 104,015 $ 94,976
Securities and other 24,349 23,436 21,093
Total interest and dividend income 135,391 127,451 116,069
Interest expense      
Deposits 27,034 19,521 11,307
Borrowings 18,547 17,047 12,607
Total interest expense 45,581 36,568 23,914
Net interest income 89,810 90,883 92,155
Provision for loan losses 2,317 2,780 2,788
Net interest income after provision for loan losses 87,493 88,103 89,367
Non-interest income      
Trust and investment management fee income 12,063 11,985 12,270
Insurance brokerage service income 0 0 1,097
Customer service fees 10,127 9,538 8,484
(Loss) gain on sales of securities, net 237 (924) 19
Bank-owned life insurance income 2,053 1,821 1,539
Customer derivative income 2,028 860 0
Other income 2,561 4,655 2,573
Total non-interest income 29,069 27,935 25,982
Non-interest expense      
Salaries and employee benefits 45,000 40,964 39,589
Occupancy and equipment 14,214 12,386 11,061
Loss on premises and equipment, net 18 0 94
Outside services 1,818 2,408 3,000
Professional services 2,191 1,474 1,655
Communication 821 804 1,289
Marketing 1,872 1,743 945
Amortization of intangible assets 861 828 812
Loss on debt extinguishment 1,096 0 0
Acquisition, restructuring and other expenses 8,317 1,728 3,302
Other expenses 13,525 13,204 10,979
Total non-interest expense 89,733 75,539 72,726
Income before income taxes 26,829 40,499 42,623
Income tax expense 4,209 7,562 16,630
Net income $ 22,620 $ 32,937 $ 25,993
Earnings per share:      
Basic (in dollars per share) $ 1.46 $ 2.13 $ 1.71
Diluted (in dollars per share) $ 1.45 $ 2.12 $ 1.70
Weighted average common shares outstanding:      
Basic (in shares) 15,540,884 15,487,686 15,183,615
Diluted (in shares) 15,586,993 15,564,464 15,290,410