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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest Income    
Interest and fees on loans $ 29,834 $ 27,062
Interest on U.S. government and sponsored enterprise obligations (taxable) 4,225 4,256
Interest on state and political subdivision obligations (nontaxable) 672 702
Interest on deposits in other banks and other investments 547 394
Total interest income 35,278 32,414
Interest Expense    
Interest on deposits 3,749 2,554
Interest on borrowings 1,780 1,161
Interest on subordinated debentures 847 844
Total interest expense 6,376 4,559
Net interest income 28,902 27,855
(Credit) provision for credit losses (497) 579
Net interest income after (credit) provision for credit losses 29,399 27,276
Non-Interest Income    
Service charges on deposit accounts 1,836 1,823
Mortgage banking income, net 1,391 1,553
Debit card income 1,929 1,834
Income from fiduciary services 1,283 1,247
Bank-owned life insurance 608 577
Brokerage and insurance commissions 650 453
Other service charges and fees 462 468
Other income 645 617
Total non-interest income 8,804 8,572
Non-Interest Expense    
Salaries and employee benefits 12,562 11,933
Furniture, equipment and data processing 2,586 2,325
Net occupancy costs 1,873 1,946
Consulting and professional fees 804 845
Debit card expense 730 660
Regulatory assessments 499 545
Amortization of intangible assets 181 472
Other real estate owned and collection costs (recoveries), net 75 (44)
Other expenses 2,994 2,746
Total non-interest expense 22,304 21,428
Income before income tax expense 15,899 14,420
Income tax expense 3,079 4,344
Net Income $ 12,820 $ 10,076
Per Share Data    
Basic earnings per share (in dollars per share) $ 0.82 $ 0.65
Diluted earnings per share (in dollars per share) $ 0.82 $ 0.64
Weighted average number of common shares outstanding (in shares) 15,541,975 15,488,848
Diluted weighted average number of common shares outstanding (in shares) 15,603,380 15,568,639
Dividends, Common Stock, Cash $ 0.25 $ 0.23