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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2020
USD ($)
$ / shares
shares
Dec. 31, 2019
USD ($)
$ / shares
shares
Dec. 31, 2018
USD ($)
$ / shares
shares
Interest income      
Interest and fees on loans $ 84,674 $ 84,331 $ 79,527
Interest on investment securities 14,503 14,785 14,092
Interest on federal funds sold and due from banks 461 1,321 1,461
Total interest income 99,638 100,437 95,080
Interest expense      
Interest on interest-bearing transaction accounts 186 347 226
Interest on savings accounts 68 70 72
Interest on money market accounts 2,009 3,439 1,355
Interest on time accounts 554 595 542
Interest on borrowings and other obligations 4 77 2
Interest on subordinated debentures 158 229 1,339
Total interest expense 2,979 4,757 3,536
Net interest income 96,659 95,680 91,544
Provision for credit losses on loans 4,594 900 0
Net interest income after provision for credit losses 92,065 94,780 91,544
Non-interest income      
Earnings on bank-owned life Insurance, net 973 1,196 913
Gains on investment securities, net 915 55 876
Dividends on FHLB stock 654 799 959
Other income 1,166 1,345 1,642
Total non-interest income 8,550 9,084 10,139
Non-interest expense      
Salaries and employee benefits 34,393 34,253 33,335
Occupancy and equipment 6,943 6,143 5,976
Data processing 3,184 3,717 4,358
Professional services 2,181 2,132 3,317
Depreciation and amortization 2,149 2,228 2,143
Provision for credit losses on unfunded loan commitments 1,570 129 0
Information technology 1,050 1,065 1,023
Charitable contributions 1,034 508 463
Amortization of core deposit intangible 853 887 921
Directors' expense 713 735 700
Federal Deposit Insurance Corporation insurance 474 361 756
Other expense 5,484 5,812 5,274
Total non-interest expense 60,028 57,970 58,266
Income before provision for income taxes 40,587 45,894 43,417
Provision for income taxes 10,345 11,653 10,795
Net income $ 30,242 $ 34,241 $ 32,622
Net income per common share      
Basic (in dollars per share) | $ / shares [1] $ 2.24 $ 2.51 $ 2.35
Diluted (in dollars per share) | $ / shares [1] $ 2.22 $ 2.48 $ 2.33
Weighted average shares      
Basic (in shares) | shares [1] 13,525 13,620 13,864
Diluted (in shares) | shares [1] 13,617 13,794 14,029
Comprehensive income:      
Net income $ 30,242 $ 34,241 $ 32,622
Other comprehensive income (loss):      
Change in net unrealized gains or losses on available-for-sale securities 11,891 11,839 (1,707)
Reclassification adjustment for (gains) losses on available-for-sale securities in net income (915) (55) 79
Net unrealized losses on securities transferred from available-for-sale to held-to-maturity 0 0 (278)
Amortization of net unrealized losses on securities transferred from available-for-sale to held-to-maturity 524 445 516
Other comprehensive income (loss), before tax 11,500 12,229 (1,390)
Deferred tax expense (benefit) 3,402 3,624 (412)
Other comprehensive income (loss), net of tax 8,098 8,605 (978)
Comprehensive income 38,340 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 1,314 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 1,851 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 1,438 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 $ 239 $ 331 $ 378
[1] Share and per share data have been adjusted to reflect the two-for-one stock split effective November 27, 2018.