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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Interest and fees on loans $ 34,588 $ 34,053
Interest and dividends on taxable investment securities 5,383 5,810
Interest on tax-exempt investment securities 655 537
Other interest income 236 176
Total interest income 40,862 40,576
Interest expense:    
Interest on deposits 4,629 4,844
Interest on short-term borrowings 1,039 1,173
Interest on long-term borrowings 558 645
Total interest expense 6,226 6,662
Net interest income 34,636 33,914
Provision for (recovery of) credit losses (a) 16,969 (263)
Net interest income after provision for (recovery of) credit losses 17,667 34,177
Non-interest income:    
Insurance income 4,130 4,621
Mortgage banking income 750 788
Bank owned life insurance income 582 485
Net gain on investment securities 319 30
Net loss on asset disposals and other transactions (87) (182)
Other non-interest income 437 1,101
Total non-interest income 15,737 15,429
Non-interest expense:    
Salaries and employee benefit costs 19,918 19,202
Net occupancy and equipment expense 3,154 2,978
Electronic banking expense 1,865 1,577
Data processing and software expense 1,752 1,545
Professional fees 1,693 1,276
Amortization of other intangible assets 729 694
Franchise tax expense 882 705
Marketing expense 473 594
Foreclosed real estate and other loan expenses 578 255
Communication expense 280 278
FDIC insurance premium (5) 371
Other non-interest expense 3,006 2,385
Total non-interest expense 34,325 31,860
(Loss) income before income taxes (921) 17,746
Income tax (benefit) expense (156) 3,377
Net (loss) income $ (765) $ 14,369
(Loss) earnings per common share - basic $ (0.04) $ 0.74
(Loss) earnings per common share - diluted $ (0.04) $ 0.73
Weighted-average number of common shares outstanding - basic 20,367,564 19,366,008
Weighted-average number of common shares outstanding - diluted 20,538,214 19,508,868
Cash dividends declared $ 7,038 $ 5,868
Cash dividends declared per common share $ 0.34 $ 0.30
Credit and Debit Card [Member]    
Non-interest income:    
Revenue from Contract with Customer, Including Assessed Tax $ 3,280 $ 2,987
Deposit Account [Member]    
Non-interest income:    
Revenue from Contract with Customer, Including Assessed Tax 2,820 2,341
Fiduciary and Trust [Member]    
Non-interest income:    
Revenue from Contract with Customer, Including Assessed Tax 3,262 3,112
Interest Rate Swap [Member] | Transaction fee [Member]    
Non-interest income:    
Revenue from Contract with Customer, Including Assessed Tax $ 244 $ 146