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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
INTEREST INCOME    
Interest and fees on loans $ 55,391 $ 51,332
Interest and dividends on investment securities:    
Taxable 3,582 4,289
Interest on deposits with other banks 794 286
Total interest income 59,767 55,907
INTEREST EXPENSE    
Interest on deposits 8,726 3,531
Interest on short-term borrowings 481 1,636
Interest on long-term borrowings 429 105
Total interest expense 9,636 5,272
NET INTEREST INCOME 50,131 50,635
Provision for credit losses 700 1,674
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 49,431 48,961
NONINTEREST INCOME    
Service charges on deposit accounts 3,910 3,879
Trust and investment fee income 1,522 1,557
Other noninterest income 4,588 3,577
Total noninterest income 10,020 9,013
NONINTEREST EXPENSE    
Salaries and wages 15,413 16,535
Employee benefits 5,283 4,001
Occupancy expense 2,758 2,622
Furniture and equipment expense 1,107 950
Data processing 3,790 3,331
Directors’ fees 479 556
Amortization of other intangible assets 605 866
FDIC insurance premium expense 344 771
Other real estate owned expenses, net 425 353
Legal and professional fees 2,223 1,981
Other noninterest expenses 5,130 4,865
Total noninterest expense 37,557 36,831
Income from continuing operations before income taxes 21,894 21,143
Income tax expense 5,610 5,380
Income from continuing operations 16,284 15,763
(Loss) income from discontinued operations before income taxes (113) 1,421
Gain on sale of insurance agency   12,736
Income tax (benefit) expense (27) 4,923
(Loss) income from discontinued operations (86) 9,234
NET INCOME $ 16,198 $ 24,997
Earnings per common share - Basic    
Income from continuing operations $ 1.28 $ 1.24
(Loss) income from discontinued operations (0.01) 0.72
Net income 1.27 1.96
Earnings per common share - Diluted    
Income from continuing operations 1.28 1.24
(Loss) income from discontinued operations (0.01) 0.72
Net income 1.27 1.96
Dividends paid per common share (in dollars per share) $ 0.42 $ 0.32