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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest and dividend income      
Loans $ 95,236 $ 107,085 $ 111,042
Securities and other 15,568 19,019 24,349
Total interest and dividend income 110,804 126,104 135,391
Interest expense      
Deposits 8,543 18,043 27,034
Borrowings 6,688 8,881 18,547
Total interest expense 15,231 26,924 45,581
Net interest income 95,573 99,180 89,810
Provision for credit losses (1,302) 5,625 2,317
Net interest income after provision for loan losses 96,875 93,555 87,493
Non-interest income      
Trust and investment management fee income 15,179 13,378 12,063
Customer service fees 13,212 11,327 10,127
Gain on sales of securities, net 2,870 5,445 237
Mortgage banking income 6,536 6,884 1,626
Bank-owned life insurance income 2,179 2,007 2,053
Customer derivative income 1,010 2,503 2,028
Other income 1,275 1,412 935
Total non-interest income 42,261 42,956 29,069
Non-interest expense      
Salaries and employee benefits 47,117 48,920 45,000
Occupancy and equipment 16,356 16,751 14,214
Loss (gain) on sales of premises and equipment, net 378 (32) 18
Outside services 1,943 1,985 1,818
Professional services 1,756 2,060 2,191
Communication 912 892 821
Marketing 1,541 1,385 1,872
Amortization of intangible assets 940 1,024 861
Loss on debt extinguishment 2,851 1,351 1,096
Acquisition, conversion and other expenses 1,667 5,801 8,317
Other expenses 15,047 14,723 13,525
Total non-interest expense 90,508 94,860 89,733
Income before income taxes 48,628 41,651 26,829
Income tax expense 9,329 8,407 4,209
Net income $ 39,299 $ 33,244 $ 22,620
Earnings per share:      
Basic (in dollars per share) $ 2.63 $ 2.18 $ 1.46
Diluted (in dollars per share) $ 2.61 $ 2.18 $ 1.45
Weighted average common shares outstanding:      
Basic (in shares) 14,968,973 15,245,728 15,540,884
Diluted (in shares) 15,045,162 15,271,547 15,586,993