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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
INTEREST AND DIVIDEND INCOME:    
Loans including fees $ 32,824 $ 26,457
Securities:    
Taxable 2,978 1,984
Tax-exempt 697 694
Dividends 254 252
Total interest and dividend income 36,753 29,387
INTEREST EXPENSE:    
Deposits 6,587 2,924
Borrowed funds 1,410 1,488
Subordinated debentures (includes $6 and $58 accumulated other comprehensive income reclassification for change in fair value of interest rate swap agreements in 2019 and 2018, respectively) 998 875
Total interest expense 8,995 5,287
NET INTEREST INCOME 27,758 24,100
PROVISION FOR LOAN LOSSES 1,306 1,631
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 26,452 22,469
NON-INTEREST INCOME:    
Service charges on deposit accounts 1,481 1,247
Other service charges and fees 646 618
Wealth and asset management fees 1,042 1,030
Net realized gains on available-for-sale securities (includes $148 and $0 accumulated other comprehensive income reclassifications for net realized gains on available-for-sale securities in 2019 and 2018, respectively) 148 0
Net realized and unrealized gains on trading securities 800 14
Mortgage banking 239 208
Bank owned life insurance 361 400
Card processing and interchange income 1,029 971
Other 407 263
Total non-interest income 6,153 4,751
NON-INTEREST EXPENSES:    
Salaries and benefits 10,900 9,535
Net occupancy expense 2,866 2,496
Amortization of core deposit intangible 165 248
Data processing 1,185 1,074
State and local taxes 768 853
Legal, professional, and examination fees 553 508
Advertising 411 597
FDIC insurance premiums 422 298
Card processing and interchange expenses 747 734
Other 3,158 2,656
Total non-interest expenses 21,175 18,999
INCOME BEFORE INCOME TAXES 11,430 8,221
INCOME TAX EXPENSE (includes $30 and ($12) income tax expense (benefit) from reclassification items in 2019 and 2018, respectively) 1,957 1,124
NET INCOME $ 9,473 $ 7,097
EARNINGS PER SHARE:    
Basic (in dollars per share) $ 0.62 $ 0.46
Diluted (in dollars per share) 0.62 0.46
DIVIDENDS PER SHARE:    
Cash dividends per share (in dollars per share) $ 0.17 $ 0.165