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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest and dividend income        
Loans $ 24,581 $ 23,191 $ 47,252 $ 47,396
Securities and other 4,207 3,992 8,033 7,971
Total interest and dividend income 28,788 27,183 55,285 55,367
Interest expense        
Deposits 1,195 2,603 2,384 5,554
Borrowings 1,074 1,826 2,084 3,637
Total interest expense 2,269 4,429 4,468 9,191
Net interest income 26,519 22,754 50,817 46,176
Provision for credit losses 534 (765) 911 (1,254)
Net interest income after provision for credit losses 25,985 23,519 49,906 47,430
Non-interest income        
Trust and investment management fee income 3,829 3,801 7,583 7,467
Customer service fees 3,656 3,257 7,272 6,227
Gain on sales of securities, net   50 9 50
Mortgage banking income 488 1,553 1,112 4,123
Bank-owned life insurance income 504 498 1,005 1,016
Customer derivative income 137 86 155 496
Other income 347 260 1,134 374
Total non-interest income 8,961 9,505 18,270 19,753
Non-interest expense        
Salaries and employee benefits 11,368 11,356 23,515 23,532
Occupancy and equipment 4,373 3,894 8,796 8,222
Loss (gain) on sales of premises and equipment, net 10 1 (65) 9
Outside services 410 533 750 965
Professional services 528 151 701 709
Communication 188 198 413 519
Marketing 369 534 632 824
Amortization of intangible assets 233 233 466 474
Acquisition, conversion and other expenses   552 325 1,441
Other expenses 4,221 4,272 8,053 7,520
Total non-interest expense 21,700 21,724 43,586 44,215
Income before income taxes 13,246 11,300 24,590 22,968
Income tax expense 2,743 2,275 4,975 4,463
Net income $ 10,503 $ 9,025 $ 19,615 $ 18,505
Earnings per share:        
Basic (in dollars per share) $ 0.70 $ 0.60 $ 1.31 $ 1.24
Diluted (in dollars per share) $ 0.70 $ 0.60 $ 1.30 $ 1.23
Weighted average common shares outstanding:        
Basic (in shares) 15,017,943 14,965,398 15,014,408 14,949,564
Diluted (in shares) 15,077,427 15,041,825 15,093,627 15,025,694