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Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income    
Interest and fees on loans (includes tax-exempt income of $290,000 YTD March 31, 2021 and $310,000 YTD March 31, 2020) $ 15,119 $ 15,856
Interest on deposits with other banks 12 74
Interest and dividends on investments (includes tax-exempt income of $1,956,000 YTD March 31, 2021 and $1,841,000 YTD March 31, 2020) 3,822 4,764
     Total interest income 18,953 20,694
Interest expense    
Interest on deposits 2,198 5,186
Interest on borrowed funds 882 590
     Total interest expense 3,080 5,776
Net interest income 15,873 14,918
Provision for loan losses 525 400
Net interest income after provision for loan losses 15,348 14,518
Non-interest income    
Net securities gains 119 752
Other operating income 1,810 1,494
     Total non-interest income 5,298 4,221
Non-interest expense    
Salaries and employee benefits 5,123 5,025
Occupancy expense 753 713
Furniture and equipment expense 1,215 1,116
FDIC insurance premiums 199 173
Amortization of identified intangibles 17 11
Other operating expense 2,567 4,005
     Total non-interest expense 9,874 11,043
Income before income taxes 10,772 7,696
Income tax expense 1,850 1,201
NET INCOME $ 8,922 $ 6,495
Basic earnings per common share (usd per share) $ 0.82 $ 0.60
Diluted earnings per common share (usd per share) $ 0.81 $ 0.60
Other comprehensive income (loss) net of tax    
Net unrealized gain (loss) on securities available for sale $ (4,790) $ 4,233
Net unrealized gain on securities transferred from available for sale to held to maturity, net of amortization 9 8
Net unrealized gain (loss) on cash flow hedging derivative instruments 3,469 (4,870)
Other comprehensive loss (1,312) (629)
Comprehensive income 7,610 5,866
Investment management and fiduciary income    
Non-interest income    
Revenue from Contract with Customer, Including Assessed Tax 1,065 894
Service charges on deposit accounts    
Non-interest income    
Revenue from Contract with Customer, Including Assessed Tax 337 577
Mortgage origination and servicing income, net of amortization    
Non-interest income    
Revenue from Contract with Customer, Including Assessed Tax $ 1,967 $ 504