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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest and dividend income      
Interest and fees on loans (includes tax-exempt income of $1,157,000 in 2018, $798,000 in 2017, and $670,000 in 2016) $ 53,548 $ 45,373 $ 39,996
Interest on deposits with other banks 242 52 22
Interest and dividends on investments (includes tax-exempt income of $6,954,000 in 2018, $6,501,000 in 2017, and $5,168,000 in 2016) 16,753 15,407 13,741
Total interest and dividend income 70,543 60,832 53,759
Interest expense      
Interest on deposits 15,970 9,479 6,028
Interest on borrowed funds 4,364 4,050 4,784
Total interest expense 20,334 13,529 10,812
Net interest income 50,209 47,303 42,947
Provision for loan losses 1,500 2,000 1,600
Net interest income after provision for loan losses 48,709 45,303 41,347
Non-interest income      
Net securities gains 137 471 673
Other operating income 5,674 5,463 4,986
Total non-interest income 12,600 12,548 12,499
Non-interest expense      
Salaries and employee benefits 17,641 16,601 15,215
Occupancy expense 2,435 2,400 2,313
Furniture and equipment expense 3,924 3,681 3,305
FDIC insurance premiums 1,226 1,008 789
Amortization of identified intangibles 43 43 43
Other operating expense 8,198 7,918 7,718
Total non-interest expense 33,467 31,651 29,383
Income before income taxes 27,842 26,200 24,463
Applicable tax expense 4,306 6,612 6,454
Net income $ 23,536 $ 19,588 $ 18,009
Basic earnings per common share (in usd per share) $ 2.18 $ 1.82 $ 1.68
Diluted earnings per common share (in usd per share) $ 2.17 $ 1.81 $ 1.66
Other comprehensive income (loss), net of tax      
Net unrealized loss on securities available for sale $ (2,150) $ (1,452) $ (2,058)
Net unrealized loss on securities transferred from available for sale to held to maturity, net of amortization (23) (14) (17)
Net unrealized gain (loss) on cash flow hedging derivative instruments (106) 107 1,163
Net unrecognized gain (loss) on postretirement benefits 184 (19) 54
Other comprehensive loss (2,095) (1,378) (858)
Comprehensive income 21,441 18,210 17,151
Fiduciary and investment management income      
Non-interest income      
Non-interest income 3,030 2,680 2,411
Service charges on deposit accounts      
Non-interest income      
Non-interest income 2,194 2,081 2,237
Mortgage origination and servicing income      
Non-interest income      
Non-interest income $ 1,565 $ 1,853 $ 2,192