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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
INTEREST INCOME:        
Loans, including related fees $ 34,077 $ 33,363 $ 102,335 $ 87,650
Securities:        
Taxable 3,005 3,907 10,658 11,104
Tax-exempt 1,994 1,959 5,940 5,699
Other 463 366 1,265 1,017
TOTAL INTEREST INCOME 39,539 39,595 120,198 105,470
INTEREST EXPENSE:        
Interest Expense, Deposits 2,689 5,069 10,238 11,202
Short-term borrowings 107 305 475 786
Other borrowings 212 222 709 305
TOTAL INTEREST EXPENSE 3,008 5,596 11,422 12,293
NET INTEREST INCOME 36,531 33,999 108,776 93,177
Provision for loan losses 4,425 1,500 10,080 3,200
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 32,106 32,499 98,696 89,977
NON-INTEREST INCOME:        
Trust and financial services 1,210 1,329 4,032 3,657
Service charges and fees on deposit accounts 2,516 3,227 7,616 8,586
Other service charges and fees 4,269 3,720 11,468 10,242
Net securities gains (losses) 5 6 230 18
Gain on sales of mortgage loans 2,910 865 4,813 1,781
Other 829 599 1,451 2,841
TOTAL NON-INTEREST INCOME 11,739 9,746 29,610 27,125
NON-INTEREST EXPENSE:        
Salaries and employee benefits 15,474 14,031 45,769 39,332
Occupancy expense 2,003 1,804 6,094 5,432
Equipment expense 2,739 2,117 7,873 5,685
FDIC Expense 135 155 (46) 494
Other 6,779 9,302 21,877 23,651
TOTAL NON-INTEREST EXPENSE 27,130 27,409 81,567 74,594
INCOME BEFORE INCOME TAXES 16,715 14,836 46,739 42,508
Income tax expense 2,715 2,579 8,634 8,000
Unrealized gain (loss) on securities, net of tax 14,000 12,257 38,105 34,508
OTHER COMPREHENSIVE INCOME (LOSS)        
Change in unrealized gains/losses on securities, net of reclassifications 2,223 4,124 18,451 22,689
Change in funded status of post retirement benefits 383 303 1,171 910
COMPREHENSIVE INCOME (LOSS) $ 16,606 $ 16,684 $ 57,727 $ 58,107
PER SHARE DATA        
Basic and Diluted Earnings per Share (in dollars per share) $ 1.02 $ 0.93 $ 2.78 $ 2.74
Weighted average number of shares outstanding (in thousands) 13,715 13,141 13,723 12,574