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Quarterly Information (Tables)
12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Quarterly information
The following tables provide unaudited financial information by quarter for each of the past two years:
Dollars in thousands except per share data2019Q12019Q22019Q32019Q42020Q12020Q22020Q32020Q4
Balance Sheets
Cash and cash equivalents$15,270 $16,918 $21,418 $14,433 $21,117 $22,143 $22,742 $26,212 
Interest-bearing deposits in other banks231 917 16,714 11,310 6,047 21,907 48,111 56,151 
Investments606,495 625,097 625,584 642,126 654,520 653,462 672,102 678,989 
Restricted equity securities8,982 8,982 8,982 8,982 9,994 10,545 10,545 10,545 
Net loans and loans held for sale1,253,585 1,237,661 1,252,546 1,285,590 1,332,911 1,442,463 1,427,662 1,466,363 
Other assets106,782 109,124 107,983 106,355 111,807 116,604 115,464 122,976 
Total assets$1,991,345 $1,998,699 $2,033,227 $2,068,796 $2,136,396 $2,267,124 $2,296,626 $2,361,236 
Deposits$1,606,875 $1,592,956 $1,623,290 $1,650,466 $1,644,612 $1,740,121 $1,763,059 $1,844,611 
Borrowed funds170,419 181,858 181,417 184,955 248,040 278,805 283,787 262,038 
Other liabilities16,264 19,292 20,031 20,867 28,487 31,614 30,340 30,861 
Shareholders' equity197,787 204,593 208,489 212,508 215,257 216,584 219,440 223,726 
  Total liabilities
   & equity
$1,991,345 $1,998,699 $2,033,227 $2,068,796 $2,136,396 $2,267,124 $2,296,626 $2,361,236 
Income and Comprehensive Income Statements
Interest income$19,268 $19,822 $19,904 $19,657 $20,694 $18,786 $18,506 $19,133 
Interest expense6,369 6,872 6,678 6,239 5,776 4,295 3,761 3,454 
Net interest income12,899 12,950 13,226 13,418 14,918 14,491 14,745 15,679 
   Provision for
   loan losses
375 250 250 375 400 2,350 1,800 1,500 
Net interest income after provision for loan losses12,524 12,700 12,976 13,043 14,518 12,141 12,945 14,179 
Non-interest income3,144 3,605 3,532 3,908 4,221 4,601 4,805 4,492 
Non-interest expense8,398 8,730 9,040 9,004 11,043 8,917 9,276 10,416 
Income before taxes7,270 7,575 7,468 7,947 7,696 7,825 8,474 8,255 
Income taxes1,114 1,180 1,180 1,261 1,201 1,256 1,379 1,285 
Net income$6,156 $6,395 $6,288 $6,686 $6,495 $6,569 $7,095 $6,970 
Basic earnings per share$0.57 $0.59 $0.58 $0.62 $0.60 $0.61 $0.65 $0.64 
Diluted earnings per share$0.57 $0.59 $0.58 $0.60 $0.60 $0.60 $0.65 $0.63 
Other comprehensive income (loss), net of tax
Net unrealized gain (loss) on securities available for sale$3,512 $4,289 $936 $(29)$4,233 $(790)$(1,580)$(511)
Net unrealized gain on securities transferred from available for sale to held to maturity28 
Net unrealized gain (loss) on cash flow hedging derivative instruments(465)(898)(340)362 (4,870)(1,414)387 868 
Unrecognized gain (loss) on postretirement benefit costs— — — (13)— — — 
Other comprehensive income (loss)$3,050 $3,395 $597 $327 $(629)$(2,176)$(1,186)$367 
Comprehensive income $9,206 $9,790 $6,885 $7,013 $5,866 $4,393 $5,909 $7,337