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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
INTEREST INCOME        
Interest and fees on loans $ 12,631 $ 10,441 $ 24,675 $ 19,991
Interest and dividends on investment securities:        
Taxable 982 937 2,003 1,764
Tax-exempt   1   3
Interest on deposits with other banks 61 70 99 138
Total interest income 13,674 11,449 26,777 21,896
INTEREST EXPENSE        
Interest on deposits 580 538 1,128 1,049
Interest on short-term borrowings 461 11 687 14
Total interest expense 1,041 549 1,815 1,063
NET INTEREST INCOME 12,633 10,900 24,962 20,833
Provision for credit losses 418 974 907 1,401
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 12,215 9,926 24,055 19,432
NONINTEREST INCOME        
Service charges on deposit accounts 947 878 1,852 1,712
Trust and investment fee income 414 372 814 733
Insurance agency commissions 2,151 2,032 4,845 4,851
Other noninterest income 1,028 897 1,958 1,690
Total noninterest income 4,540 4,179 9,469 8,986
NONINTEREST EXPENSE        
Salaries and wages 5,383 4,803 10,856 9,305
Employee benefits 1,369 1,127 2,886 2,367
Occupancy expense 755 629 1,536 1,254
Furniture and equipment expense 275 284 562 517
Data processing 720 1,015 1,617 1,887
Directors' fees 152 102 266 182
Amortization of other intangible assets 239 55 350 88
FDIC insurance premium expense 214 45 419 209
Other real estate owned expense, net 5 108 (41) 163
Legal and professional 505 702 969 1,362
Other noninterest expenses 1,211 1,329 2,870 2,516
Total noninterest expense 10,828 10,199 22,290 19,850
INCOME BEFORE INCOME TAXES 5,927 3,906 11,234 8,568
Income tax expense 1,536 1,554 2,785 3,416
NET INCOME $ 4,391 $ 2,352 $ 8,449 $ 5,152
Earnings per common share - Basic (in dollars per share) $ 0.34 $ 0.19 $ 0.66 $ 0.41
Earnings per common share - Diluted (in dollars per share) 0.34 0.19 0.66 0.41
Dividends paid per common share (in dollars per share) $ 0.08 $ 0.05 $ 0.15 $ 0.10