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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
INTEREST INCOME        
Interest and fees on loans $ 13,205 $ 11,771 $ 37,880 $ 31,762
Interest and dividends on investment securities:        
Taxable 947 1,035 2,950 2,799
Tax-exempt       3
Interest on deposits with other banks 84 131 183 269
Total interest income 14,236 12,937 41,013 34,833
INTEREST EXPENSE        
Interest on deposits 826 607 1,954 1,656
Interest on short-term borrowings 463 4 1,150 18
Total interest expense 1,289 611 3,104 1,674
NET INTEREST INCOME 12,947 12,326 37,909 33,159
Provision for credit losses 307 345 1,214 1,746
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 12,640 11,981 36,695 31,413
NONINTEREST INCOME        
Service charges on deposit accounts 982 945 2,834 2,657
Trust and investment fee income 383 389 1,197 1,122
Gains on sales and calls of investment securities   5   5
Insurance agency commissions 2,170 2,088 7,015 6,939
Other noninterest income 1,175 998 3,133 2,688
Total noninterest income 4,710 4,425 14,179 13,411
NONINTEREST EXPENSE        
Salaries and wages 5,516 5,203 16,372 14,508
Employee benefits 1,271 1,197 4,157 3,564
Occupancy expense 767 696 2,303 1,950
Furniture and equipment expense 251 286 813 803
Data processing 963 922 2,580 2,809
Directors' fees 145 99 411 281
Amortization of other intangible assets 281 115 631 203
FDIC insurance premium expense 193 189 612 398
Other real estate owned expense, net 166 195 125 358
Legal and professional 463 493 1,432 1,855
Other noninterest expenses 1,270 1,325 4,140 3,841
Total noninterest expense 11,286 10,720 33,576 30,570
INCOME BEFORE INCOME TAXES 6,064 5,686 17,298 14,254
Income tax expense 1,610 2,274 4,395 5,690
NET INCOME $ 4,454 $ 3,412 $ 12,903 $ 8,564
Earnings per common share - Basic (in dollars per share) $ 0.35 $ 0.27 $ 1.01 $ 0.68
Earnings per common share - Diluted (in dollars per share) 0.35 0.27 1.01 0.67
Dividends paid per common share (in dollars per share) $ 0.08 $ 0.05 $ 0.23 $ 0.15