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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest Income    
Interest and fees on loans $ 35,721 $ 29,834
Taxable interest on investments 4,994 4,225
Nontaxable interest on investments 644 672
Dividend Income, Operating 230 286
Dividend income 420 261
Total interest income 42,009 35,278
Interest Expense    
Interest on deposits 8,423 3,749
Interest on borrowings 974 1,780
Interest on subordinated debentures 717 847
Total interest expense 10,114 6,376
Net interest income 31,895 28,902
Provision (credit) for credit losses 744 (497)
Net interest income after provision (credit) for credit losses 31,151 29,399
Non-Interest Income    
Service charges on deposit accounts 2,023 1,967
Debit card income 2,010 1,929
Income from fiduciary services 1,392 1,283
Mortgage banking income, net 1,252 1,391
Bank-owned life insurance 594 608
Brokerage and insurance commissions 585 650
Customer loan swap fees 525 87
Other income 1,008 889
Total non-interest income 9,389 8,804
Non-Interest Expense    
Salaries and employee benefits 12,978 12,562
Furniture, equipment and data processing 2,680 2,586
Net occupancy costs 1,914 1,873
Consulting and professional fees 813 804
Debit card expense 823 730
Regulatory assessments 472 499
Other real estate owned and collection (recoveries) costs, net (307) 75
Amortization of intangible assets 176 181
Other expenses 3,234 2,994
Total non-interest expense 22,783 22,304
Income before income tax expense 17,757 15,899
Income tax expense 3,484 3,079
Net Income $ 14,273 $ 12,820
Per Share Data    
Basic earnings per share $ 0.91 $ 0.82
Diluted earnings per share $ 0.91 $ 0.82
Weighted average number of common shares outstanding 15,592,141 15,541,975
Diluted weighted average number of common shares outstanding 15,634,126 15,603,380
Cash dividends declared per share $ 0.30 $ 0.25