XML 21 R4.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest and dividend income      
Loans $ 107,085 $ 111,042 $ 104,015
Securities and other 19,019 24,349 23,436
Total interest and dividend income 126,104 135,391 127,451
Interest expense      
Deposits 18,043 27,034 19,521
Borrowings 8,881 18,547 17,047
Total interest expense 26,924 45,581 36,568
Net interest income 99,180 89,810 90,883
Provision for loan losses 5,625 2,317 2,780
Net interest income after provision for loan losses 93,555 87,493 88,103
Non-interest income      
Trust and investment management fee income 13,378 12,063 11,985
Customer service fees 11,327 10,127 9,538
Gain (loss) on sales of securities, net 5,445 237 (924)
Mortgage banking income 6,884 1,626 1,490
Bank-owned life insurance income 2,007 2,053 1,821
Customer derivative income 2,503 2,028 860
Other income 1,412 935 3,165
Total non-interest income 42,956 29,069 27,935
Non-interest expense      
Salaries and employee benefits 48,920 45,000 40,964
Occupancy and equipment 16,751 14,214 12,386
(Gain) loss on premises and equipment, net (32) 18  
Outside services 1,985 1,818 2,408
Professional services 2,060 2,191 1,474
Communication 892 821 804
Marketing 1,385 1,872 1,743
Amortization of intangible assets 1,024 861 828
Loss on debt extinguishment 1,351 1,096  
Acquisition, conversion and other expenses 5,801 8,317 1,728
Other expenses 14,723 13,525 13,204
Total non-interest expense 94,860 89,733 75,539
Income before income taxes 41,651 26,829 40,499
Income tax expense 8,407 4,209 7,562
Net income $ 33,244 $ 22,620 $ 32,937
Earnings per share:      
Basic (in dollars per share) $ 2.18 $ 1.46 $ 2.13
Diluted (in dollars per share) $ 2.18 $ 1.45 $ 2.12
Weighted average common shares outstanding:      
Basic (in shares) 15,245,728 15,540,884 15,487,686
Diluted (in shares) 15,271,547 15,586,993 15,564,464