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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2019
USD ($)
$ / shares
shares
Dec. 31, 2018
USD ($)
$ / shares
shares
Interest income    
Interest and fees on loans $ 84,331 $ 79,527
Interest on investment securities 14,785 14,092
Interest on federal funds sold and due from banks 1,321 1,461
Total interest income 100,437 95,080
Interest expense    
Interest on interest-bearing transaction accounts 347 226
Interest on savings accounts 70 72
Interest on money market accounts 3,439 1,355
Interest on time accounts 595 542
Interest on borrowings and other obligations 77 2
Interest on subordinated debentures 229 1,339
Total interest expense 4,757 3,536
Net interest income 95,680 91,544
Provision for loan losses 900 0
Net interest income after provision for loan losses 94,780 91,544
Non-interest income    
Earnings on bank-owned life Insurance, net 1,196 913
Dividends on FHLB stock 799 959
Gains on investment securities, net 55 876
Other income 1,345 1,642
Total non-interest income 9,084 10,139
Non-interest expense    
Salaries and related benefits 34,253 33,335
Occupancy and equipment 6,143 5,976
Depreciation and amortization 2,228 2,143
Federal Deposit Insurance Corporation insurance 361 756
Data processing 3,717 4,358
Professional services 2,132 3,317
Directors' expense 735 700
Information technology 1,065 1,023
Amortization of core deposit intangible 887 921
Provision for losses on off-balance sheet commitments 129 0
Other expense 6,320 5,737
Total non-interest expense 57,970 58,266
Income before provision for income taxes 45,894 43,417
Provision for income taxes 11,653 10,795
Net income $ 34,241 $ 32,622
Net income per common share    
Basic (in dollars per share) | $ / shares [1] $ 2.51 $ 2.35
Diluted (in dollars per share) | $ / shares [1] $ 2.48 $ 2.33
Weighted average shares    
Basic (in shares) | shares [1] 13,620 13,864
Diluted (in shares) | shares [1] 13,794 14,029
Comprehensive income:    
Net income $ 34,241 $ 32,622
Other comprehensive income (loss):    
Change in net unrealized gains or losses on available-for-sale securities 11,839 (1,707)
Reclassification adjustment for (gains) losses on available-for-sale securities in net income (55) 79
Net unrealized losses on securities transferred from available-for-sale to held-to-maturity 0 (278)
Amortization of net unrealized losses on securities transferred from available-for-sale to held-to-maturity 445 516
Subtotal 12,229 (1,390)
Deferred tax expense (benefit) 3,624 (412)
Other comprehensive income (loss), net of tax 8,605 (978)
Comprehensive income 42,846 31,644
Deposit Account    
Non-interest income    
Service charges on deposit accounts, wealth management and trust services, debit card interchange fees net, and merchant interchange fees net 1,865 1,891
Fiduciary and Trust    
Non-interest income    
Service charges on deposit accounts, wealth management and trust services, debit card interchange fees net, and merchant interchange fees net 1,907 1,919
Debit Card    
Non-interest income    
Service charges on deposit accounts, wealth management and trust services, debit card interchange fees net, and merchant interchange fees net 1,586 1,561
Merchant Interchange Fees, Net    
Non-interest income    
Service charges on deposit accounts, wealth management and trust services, debit card interchange fees net, and merchant interchange fees net $ 331 $ 378
[1] Share and per share data have been adjusted to reflect the two-for-one stock split effective November 27, 2018.