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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest and fees on loans:    
Taxable $ 20,917 $ 20,103
Tax-exempt 1,031 1,099
Interest and dividends on investment securities:    
Taxable 1,548 1,010
Tax-exempt 299 562
Dividends 23 19
Interest on interest-bearing deposits in other banks 24 8
Total interest income 23,842 22,801
Interest expense:    
Interest on deposits 3,503 3,411
Interest on short-term borrowings 573 813
Interest on long-term debt 205 280
Total interest expense 4,281 4,504
Net interest income 19,561 18,297
Provision for loan losses 3,500 1,050
Net interest income after provision for loan losses 16,061 17,247
Noninterest income:    
Mortgage banking income 137 148
Bank owned life insurance income 187 186
Interest rate swap revenue 470 280
Net (losses) gains on equity investment securities (123) 1
Net gains on sale of investment securities available-for-sale 267  
Total noninterest income 3,550 3,416
Noninterest expense:    
Salaries and employee benefits expense 7,856 7,595
Net occupancy and equipment expense 3,079 2,961
Amortization of intangible assets 154 192
Professional fees and outside services 365 331
FDIC insurance and assessments 74 259
Donations 338 332
Other expenses 1,785 1,820
Total noninterest expense 13,651 13,490
Income before income taxes 5,960 7,173
Income tax expense 679 761
Net income 5,281 6,412
Other comprehensive income:    
Unrealized gain on investment securities available-for-sale 7,629 2,439
Reclassification adjustment for net gain on sales included in net income (267)  
Change in derivative fair value 1,036 63
Other comprehensive income 8,398 2,502
Income tax expense 1,765 526
Other comprehensive income, net of income taxes 6,633 1,976
Comprehensive income $ 11,914 $ 8,388
Net income:    
Basic $ 0.72 $ 0.87
Diluted $ 0.71 $ 0.87
Average common shares outstanding:    
Basic 7,379,438 7,399,054
Diluted 7,406,291 7,408,536
Dividends declared $ 0.36 $ 0.34
Service charges, fees and commissions    
Noninterest income:    
Revenue from contracts with customers $ 1,605 $ 1,719
Merchant services income    
Noninterest income:    
Revenue from contracts with customers 114 198
Commission and fees on fiduciary activities    
Noninterest income:    
Revenue from contracts with customers 506 507
Wealth management income    
Noninterest income:    
Revenue from contracts with customers $ 387 $ 377