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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest and Dividend Income:    
Interest and fees on loans $ 22,273,000 $ 21,321,000
Interest and dividends on securities:    
Taxable 1,632,000 2,037,000
Tax-exempt 103,000 112,000
Dividends 119,000 132,000
Other interest income 77,000 264,000
Total interest and dividend income 24,204,000 23,866,000
Interest Expense:    
Interest on deposits 1,287,000 3,312,000
Interest on short-term borrowings 11,000 129,000
Interest on long-term borrowings 483,000 506,000
Total interest expense 1,781,000 3,947,000
Net Interest Income 22,423,000 19,919,000
Provision for loan losses 0 953,000
Net Interest Income After Provision for Loan Losses 22,423,000 18,966,000
Noninterest Income:    
Securities gains, net 0 814,000
Brokerage fees 218,000 211,000
Income from Small Business Investment Companies 428,000 55,000
Income from insurance investments 788,000 48,000
Losses on premises and equipment, net (49,000) (82,000)
Other 252,000 226,000
Total noninterest income 5,922,000 4,495,000
Noninterest Expense:    
Salaries and employee benefits 7,518,000 7,360,000
Occupancy and equipment 1,533,000 1,366,000
FDIC assessment 224,000 95,000
Bank franchise tax 438,000 426,000
Core deposit intangible amortization 381,000 427,000
Data processing 778,000 763,000
Software 329,000 356,000
Other real estate owned, net 117,000 (9,000)
Other 2,747,000 2,550,000
Total noninterest expense 14,065,000 13,334,000
Income Before Income Taxes 14,280,000 10,127,000
Income Taxes 2,991,000 1,585,000
Net Income $ 11,289,000 $ 8,542,000
Net Income Per Common Share:    
Basic (in dollars per share) $ 1.03 $ 0.77
Diluted (in dollars per share) $ 1.03 $ 0.77
Weighted Average Common Shares Outstanding:    
Basic (in shares) 10,971,466 11,025,185
Diluted (in shares) 10,976,177 11,031,310
Fiduciary and Trust [Member]    
Noninterest Income:    
Noninterest Income $ 1,206,000 $ 1,012,000
Deposit Account [Member]    
Noninterest Income:    
Noninterest Income 622,000 721,000
Financial Service, Other [Member]    
Noninterest Income:    
Noninterest Income 1,139,000 941,000
Mortgage Banking [Member]    
Noninterest Income:    
Noninterest Income $ 1,318,000 $ 549,000