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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:      
Loans including fees $ 118,193 $ 97,005 $ 81,209
Securities:      
Taxable 9,921 8,165 9,134
Tax-exempt 2,739 2,983 3,390
Dividends 1,017 721 582
Total interest and dividend income 131,870 108,874 94,315
Interest Expense:      
Deposits 17,228 9,312 8,470
Borrowed funds 5,856 4,021 2,981
Subordinated debentures (includes $164, $288, and $340 accumulated other comprehensive income reclassification for change in fair value of interest rate swap agreements in 2018, 2017, and 2016, respectively) 3,866 4,032 1,577
Total interest expense 26,950 17,365 13,028
Net Interest Income 104,920 91,509 81,287
Provision for Loan Losses 6,072 6,655 4,149
Net Interest Income After Provision for Loan Losses 98,848 84,854 77,138
Non-Interest Income:      
Service charges on deposit accounts 5,759 4,809 4,297
Other service charges and fees 2,833 2,454 2,539
Wealth and asset management fees 4,172 3,724 3,087
Net realized gains on available-for-sale securities (includes $0, $1,543, and $1,005 accumulated other comprehensive income reclassifications for net realized gains on available-for-sale securities in 2018, 2017, and 2016, respectively) 0 1,543 1,005
Net realized gains on trading securities 151 93 70
Net unrealized gains (losses) on trading securities (602) 788 433
Mortgage banking 1,019 906 1,095
Bank owned life insurance 1,408 1,659 1,082
Card processing and interchange income 4,261 3,763 3,396
Gain on sale of branch 0 536 0
Other 1,722 1,160 687
Total non-interest income 20,723 21,435 17,691
Non-Interest Expenses:      
Salaries 31,323 26,205 23,472
Employee benefits (includes $84, $192, and $184 accumulated other comprehensive income reclassifications for net amortization of actuarial losses in 2018, 2017, and 2016, respectively) 10,533 9,821 8,722
Net occupancy expense 10,281 9,546 8,064
Amortization of core deposit intangible 898 1,229 1,125
Data processing 4,586 3,944 4,447
State and local taxes 3,441 2,815 2,171
Legal, professional and examination fees 1,851 1,819 1,772
Advertising 2,345 2,243 1,799
FDIC insurance 1,396 1,182 1,229
Directors fees and benefits 763 915 1,582
Prepayment penalties — long-term borrowings 0 0 1,506
Core processing conversion costs 0 0 1,693
Merger costs 0 0 486
Card processing and interchange expenses 2,834 2,116 1,889
Other 9,091 8,202 7,161
Total non-interest expenses 79,342 70,037 67,118
Income Before Income Taxes 40,229 36,252 27,711
Income Tax Expense (includes $(52), $372, and $168 income tax expense reclassification items in 2018, 2017, and 2016, respectively) 6,510 12,392 7,171
Net Income 33,719 23,860 20,540
Other Comprehensive Income (Loss):      
Net change in unrealized losses on available-for-sale securities, net of reclassification and tax (4,007) (1,004) (2,136)
Change in actuarial gain (loss), for post-employment health care plan, net of amortization and tax 386 825 (64)
Change in fair value of interest rate swap agreements designated as a cash flow hedge, net of interest and tax (32) 194 180
Total other comprehensive (loss) income (3,653) 15 (2,020)
Comprehensive Income $ 30,066 $ 23,875 $ 18,520
Earnings Per Share:      
Basic (in dollars per share) $ 2.21 $ 1.57 $ 1.42
Diluted (in dollars per share) $ 2.21 $ 1.57 $ 1.42