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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest and Dividend Income:      
Loans, including fees $ 52,840 $ 49,677 $ 48,271
Taxable securities 5,503 5,239 4,958
Tax exempt securities 1,149 945 939
Interest-earning deposits 563 307 76
Total interest and dividend income 60,055 56,168 54,244
Interest Expense:      
Deposits 2,168 2,170 2,003
Securities sold under agreements to repurchase 478 849 848
Borrowed funds 422 820 751
Total interest expense 3,068 3,839 3,602
Net interest income 56,987 52,329 50,642
Provision for loan losses 9,022 2,437 1,571
Net interest income after provision for loan losses 47,965 49,892 49,071
Non-Interest Income:      
Wealth management group fee income 8,804 8,316 8,522
Service charges on deposit accounts 4,961 5,089 4,886
Interchange revenue from debit card transactions 3,761 4,027 3,307
Net gains on securities transactions 109 987 372
Net gain on sales of loans held for sale 260 326 294
Net gains on sales of other real estate owned 38 21 84
Income from bank owned life insurance 70 73 75
Other 2,488 2,310 2,907
Total non-interest income 20,491 21,149 20,447
Non-Interest Expenses:      
Salaries and wages 21,476 20,954 21,223
Pension and other employee benefits 4,276 6,132 5,908
Net occupancy expenses 6,263 6,837 7,006
Furniture and equipment expenses 2,828 2,967 2,979
Data processing expense 6,539 6,593 6,586
Professional services 1,774 2,175 1,293
Legal accruals and settlements 850 1,200 0
Amortization of intangible assets 860 986 1,136
Marketing and advertising expense 794 877 899
Other real estate owned expenses 110 180 812
FDIC insurance 1,236 1,193 1,075
Loan expense 694 669 693
Other 6,064 5,847 5,817
Total non-interest expenses 53,764 56,610 55,427
Income before income tax expense 14,692 14,431 14,091
Income tax expense 7,262 4,404 4,658
Net income $ 7,430 $ 10,027 $ 9,433
Weighted average shares outstanding (in shares) 4,800 4,762 4,719
Basic and diluted earnings per share (in dollars per share) $ 1.55 $ 2.11 $ 2.00