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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest and dividend income    
Loans $ 24,205 $ 27,987
Securities and other 3,979 5,507
Total interest and dividend income 28,184 33,494
Interest expense    
Deposits 2,951 6,020
Borrowings 1,811 2,911
Total interest expense 4,762 8,931
Net interest income 23,422 24,563
Provision for credit losses (489) 1,111
Net interest income after provision for loan losses 23,911 23,452
Non-interest income    
Trust and investment management fee income 3,666 3,369
Customer service fees 2,970 3,112
Gain on sales of securities, net 0 135
Mortgage banking income 2,570 457
Bank-owned life insurance income 518 537
Customer derivative income 410 588
Other income 114 223
Total non-interest income 10,248 8,421
Non-interest expense    
Salaries and employee benefits 12,176 11,884
Occupancy and equipment 4,328 4,420
Loss on premises and equipment, net 8 92
Outside services 432 534
Professional services 558 672
Communication 321 289
Marketing 290 388
Amortization of intangible assets 241 256
Acquisition, conversion and other expenses 889 103
Other expenses 3,248 3,721
Total non-interest expense 22,491 22,359
Income before income taxes 11,668 9,514
Income tax expense 2,188 1,793
Net income $ 9,480 $ 7,721
Earnings per share:    
Basic (in dollars per share) $ 0.63 $ 0.50
Diluted (in dollars per share) $ 0.63 $ 0.50
Weighted average common shares outstanding:    
Basic (in shares) 14,933,554 15,558,132
Diluted (in shares) 15,006,715 15,592,595