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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
INTEREST INCOME      
Loans, taxable $ 34,324 $ 32,136 $ 32,198
Loans, non-taxable 23,440 19,992 17,910
Securities available-for-sale, taxable 3,003 1,900 2,601
Securities available-for-sale, non-taxable 1,051 583 282
Federal Home Loan Bank of Boston dividends 966 658 283
Securities held-to-maturity 32,679 34,388 31,745
Federal funds sold, interest-bearing deposits in other banks and short-term investments 1,236 436 352
Total interest income 96,699 90,093 85,371
INTEREST EXPENSE      
Savings and NOW deposits 4,020 2,817 2,539
Money market accounts 3,542 3,038 2,715
Time deposits 5,706 4,887 4,421
Securities sold under agreements to repurchase 472 487 391
Other borrowed funds and subordinated debentures 8,877 8,905 9,070
Total interest expense 22,617 20,134 19,136
Net interest income 74,082 69,959 66,235
Provision for loan losses (Note 6) 1,375 200 2,050
Net interest income after provision for loan losses 72,707 69,759 64,185
OTHER OPERATING INCOME      
Service charges on deposit accounts 7,907 7,732 8,063
Lockbox fees 3,164 3,211 3,099
Brokerage commissions 315 380 302
Net gains on sales of securities 64 594 450
Gains on sales of mortgage loans 1,331 1,034 757
Other income 3,441 3,042 2,600
Total other operating income 16,222 15,993 15,271
OPERATING EXPENSES      
Salaries and employee benefits (Note 17) 40,048 38,596 35,096
Occupancy 6,147 6,116 5,503
Equipment 2,845 2,626 2,329
FDIC assessments 1,902 2,152 1,970
Other (Note 20) 13,815 12,708 11,832
Total operating expenses 64,757 62,198 56,730
Income before income taxes 24,172 23,554 22,726
Provision for income taxes (Note 16) (362) 533 866
Net income 24,534 23,021 21,860
Class A Common Stock [Member]      
OPERATING EXPENSES      
Net income $ 19,270 $ 18,081 $ 17,157
SHARE DATA (Note 14)      
Weighted average number of shares outstanding, basic 3,600,729 3,600,729 3,591,732
Weighted average number of shares outstanding, diluted 5,567,909 5,567,909 5,562,209
Basic earnings per share $ 5.35 $ 5.02 $ 4.78
Diluted earnings per share $ 4.41 $ 4.13 $ 3.93
Class B Common Stock [Member]      
OPERATING EXPENSES      
Net income $ 5,264 $ 4,940 $ 4,703
SHARE DATA (Note 14)      
Weighted average number of shares outstanding, basic 1,967,180 1,967,180 1,969,030
Weighted average number of shares outstanding, diluted 1,967,180 1,967,180 1,969,030
Basic earnings per share $ 2.68 $ 2.51 $ 2.39
Diluted earnings per share $ 2.68 $ 2.51 $ 2.39