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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest Income    
Interest and fees on loans $ 34,045 $ 35,721
Taxable interest on investments 4,878 4,994
Nontaxable interest on investments 787 644
Dividend income 168 230
Other interest income 335 420
Total interest income 40,213 42,009
Interest Expense    
Interest on deposits 6,662 8,423
Interest on borrowings 838 974
Interest on subordinated debentures 887 717
Total interest expense 8,387 10,114
Net interest income 31,826 31,895
Provision for credit losses 1,775 744
Net interest income after provision for credit losses 30,051 31,151
Non-Interest Income    
Mortgage banking income, net 3,534 1,252
Bank-owned life insurance 689 594
Brokerage and insurance commissions 657 585
Customer loan swap fees 114 525
Other income 754 1,008
Total non-interest income 11,403 9,389
Non-Interest Expense    
Salaries and employee benefits 14,327 12,978
Furniture, equipment and data processing 2,790 2,680
Net occupancy costs 2,003 1,914
Debit card expense 934 823
Consulting and professional fees 783 813
Amortization of core deposit intangible assets 170 176
Regulatory assessments 162 472
Other real estate owned and collection costs (recoveries), net 101 (307)
Other expenses 3,291 3,234
Total non-interest expense 24,561 22,783
Income before income tax expense 16,893 17,757
Income Tax Expense 3,400 3,484
Net Income $ 13,493 $ 14,273
Per Share Data    
Basic earnings per share $ 0.89 $ 0.91
Diluted earnings per share $ 0.89 $ 0.91
Weighted average number of common shares outstanding 15,103,176 15,592,141
Diluted weighted average number of common shares outstanding 15,147,218 15,634,126
Cash dividends declared per share $ 0.33 $ 0.30
Debit Card [Member]    
Non-Interest Income    
Revenue $ 2,141 $ 2,010
Deposit Account [Member]    
Non-Interest Income    
Revenue 2,012 2,023
Fiduciary and Trust [Member]    
Non-Interest Income    
Revenue $ 1,502 $ 1,392