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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest and dividend income      
Interest and fees on loans (includes tax-exempt income of $798,000 in 2017, $670,000 in 2016, and $578,000 in 2015) $ 45,373 $ 39,996 $ 36,620
Interest on deposits with other banks 52 22 19
Interest and dividends on investments (includes tax-exempt income of $6,501,000 in 2017, $5,168,000 in 2016, and $5,157,000 in 2015) 15,407 13,741 14,171
Total interest and dividend income 60,832 53,759 50,810
Interest expense      
Interest on deposits 9,479 6,028 5,285
Interest on borrowed funds 4,050 4,784 4,589
Total interest expense 13,529 10,812 9,874
Net interest income 47,303 42,947 40,936
Provision for loan losses 2,000 1,600 1,550
Net interest income after provision for loan losses 45,303 41,347 39,386
Non-interest income      
Fiduciary and investment management income 2,680 2,411 2,258
Service charges on deposit accounts 2,081 2,237 2,384
Net securities gains 471 673 1,399
Mortgage origination and servicing income 1,853 2,192 1,558
Other operating income 5,463 4,986 4,631
Total non-interest income 12,548 12,499 12,230
Non-interest expense      
Salaries and employee benefits 16,601 15,215 15,080
Occupancy expense 2,400 2,313 2,312
Furniture and equipment expense 3,681 3,305 3,171
FDIC insurance premiums 1,008 789 890
Amortization of identified intangibles 43 43 58
Other operating expense 7,918 7,718 8,385
Total non-interest expense 31,651 29,383 29,896
Income before income taxes 26,200 24,463 21,720
Applicable tax expense 6,612 6,454 5,514
Net income $ 19,588 $ 18,009 $ 16,206
Basic earnings per common share (in usd per share) $ 1.82 $ 1.68 $ 1.52
Diluted earnings per common share (in usd per share) $ 1.81 $ 1.66 $ 1.51
Other comprehensive income (loss), net of tax      
Net unrealized loss on securities available for sale $ (1,452) $ (2,058) $ (1,399)
Net unrealized loss on securities transferred from available for sale to held to maturity, net of amortization (14) (17) (64)
Net unrealized gain on cash flow hedging derivative instruments 107 1,163 0
Net unrecognized gain (loss) on postretirement benefits (19) 54 (31)
Other comprehensive loss (1,378) (858) (1,494)
Comprehensive income $ 18,210 $ 17,151 $ 14,712