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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest income        
Loans, including fees $ 31,855,000 $ 28,927,000 $ 64,170,000 $ 55,660,000
Securities, taxable 1,618,000 1,285,000 3,220,000 2,563,000
Securities, tax-exempt 559,000 575,000 1,153,000 1,125,000
Other interest-earning assets 287,000 116,000 757,000 259,000
Total interest income 34,319,000 30,903,000 69,300,000 59,607,000
Interest expense        
Deposits 3,262,000 2,023,000 6,347,000 3,891,000
Short-term borrowings 61,000 46,000 118,000 97,000
Federal Home Loan Bank advances 988,000 1,002,000 1,933,000 1,657,000
Subordinated debentures and other borrowings 783,000 639,000 1,478,000 1,260,000
Total interest expense 5,094,000 3,710,000 9,876,000 6,905,000
Net interest income 29,225,000 27,193,000 59,424,000 52,702,000
Provision for loan losses 700,000 750,000 700,000 1,350,000
Net interest income after provision for loan losses 28,525,000 26,443,000 58,724,000 51,352,000
Noninterest income:        
Earnings on bank owned life insurance 321,000 328,000 652,000 2,066,000
Payroll services income 317,000 269,000 800,000 697,000
Other income 504,000 432,000 891,000 870,000
Total noninterest income 4,550,000 4,042,000 8,931,000 9,893,000
Noninterest expense        
Salaries and benefits 12,757,000 10,888,000 25,094,000 22,160,000
Occupancy 1,629,000 1,554,000 3,401,000 3,108,000
Furniture and equipment depreciation, rent and maintenance 582,000 546,000 1,130,000 1,081,000
Data processing costs 2,137,000 2,072,000 4,265,000 4,083,000
Other expense 4,309,000 4,822,000 8,671,000 9,226,000
Total noninterest expenses 21,414,000 19,882,000 42,561,000 39,658,000
Income before federal income tax expense 11,661,000 10,603,000 25,094,000 21,587,000
Federal income tax expense 2,215,000 3,260,000 4,767,000 6,629,000
Net income $ 9,446,000 $ 7,343,000 $ 20,327,000 $ 14,958,000
Basic earnings per share (in dollars per share) $ 0.57 $ 0.45 $ 1.22 $ 0.91
Diluted earnings per share (in dollars per share) 0.57 0.45 1.22 0.91
Cash dividends per common share (in dollars per share) $ 0.22 $ 0.18 $ 0.44 $ 0.36
Average basic shares outstanding (in shares) 16,601,400 16,471,060 16,598,274 16,452,954
Average diluted shares outstanding (in shares) 16,610,819 16,485,356 16,607,593 16,467,384
Deposit Account [Member]        
Noninterest income:        
Noninterest income $ 1,079,000 $ 1,054,000 $ 2,132,000 $ 2,072,000
Credit and Debit Card [Member]        
Noninterest income:        
Noninterest income 1,334,000 1,176,000 2,577,000 2,282,000
Mortgage Banking [Member]        
Noninterest income:        
Noninterest income $ 995,000 $ 783,000 $ 1,879,000 $ 1,906,000