XML 13 R4.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest and dividend income    
Loans $ 27,987 $ 26,864
Securities and other 5,507 6,363
Total interest and dividend income 33,494 33,227
Interest expense    
Deposits 6,020 6,307
Borrowings 2,911 5,155
Total interest expense 8,931 11,462
Net interest income 24,563 21,765
Provision for loan losses 1,111 324
Net interest income after provision for loan losses 23,452 21,441
Non-interest income    
Trust and investment management fee income 3,369 2,757
Customer service fees 3,112 2,165
Gain on sales of securities, net 135 0
Bank-owned life insurance income 537 542
Customer derivative income 588 0
Other income 680 703
Total non-interest income 8,421 6,167
Non-interest expense    
Salaries and employee benefits 11,884 10,519
Occupancy and equipment 4,420 3,386
Loss on premises and equipment, net 92 0
Outside services 534 411
Professional services 672 544
Communication 289 235
Marketing 388 295
Amortization of intangible assets 256 207
Acquisition, restructuring and other expenses 103 0
Other expenses 3,721 3,027
Total non-interest expense 22,359 18,624
Income before income taxes 9,514 8,984
Income tax expense 1,793 1,703
Net income $ 7,721 $ 7,281
Earnings per share:    
Basic (in dollars per share) $ 0.50 $ 0.47
Diluted (in dollars per share) $ 0.50 $ 0.47
Weighted average common shares outstanding:    
Basic (in shares) 15,558,132 15,523,423
Diluted (in shares) 15,592,595 15,586,649