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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest income        
Loans, including fees $ 37,005,000 $ 32,918,000 $ 109,559,000 $ 97,087,000
Securities, taxable 2,104,000 1,718,000 5,930,000 4,938,000
Securities, tax-exempt 556,000 537,000 1,657,000 1,690,000
Other interest-earning assets 651,000 313,000 1,627,000 1,071,000
Total interest income 40,316,000 35,486,000 118,773,000 104,786,000
Interest expense        
Deposits 5,573,000 3,574,000 15,906,000 9,921,000
Short-term borrowings 71,000 63,000 244,000 181,000
Federal Home Loan Bank advances 2,257,000 1,201,000 6,751,000 3,134,000
Subordinated debentures and other borrowings 810,000 808,000 2,506,000 2,286,000
Total interest expense 8,711,000 5,646,000 25,407,000 15,522,000
Net interest income 31,605,000 29,840,000 93,366,000 89,264,000
Provision for loan losses 700,000 400,000 2,450,000 1,100,000
Net interest income after provision for loan losses 30,905,000 29,440,000 90,916,000 88,164,000
Noninterest income:        
Mortgage banking income 2,889,000 1,235,000 5,291,000 3,115,000
Earnings on bank owned life insurance 330,000 318,000 3,567,000 969,000
Payroll services income 367,000 328,000 1,227,000 1,128,000
Other income 358,000 322,000 1,755,000 1,213,000
Total noninterest income 6,676,000 4,708,000 19,643,000 13,639,000
Noninterest expense        
Salaries and benefits 13,680,000 12,932,000 39,982,000 38,027,000
Occupancy 1,697,000 1,648,000 5,089,000 5,049,000
Furniture and equipment depreciation, rent and maintenance 629,000 659,000 1,885,000 1,789,000
Data processing costs 2,342,000 2,150,000 6,854,000 6,415,000
Other expense 3,679,000 4,261,000 12,134,000 12,931,000
Total noninterest expenses 22,027,000 21,650,000 65,944,000 64,211,000
Income before federal income tax expense 15,554,000 12,498,000 44,615,000 37,592,000
Federal income tax expense 2,954,000 2,375,000 8,476,000 7,142,000
Net income $ 12,600,000 $ 10,123,000 $ 36,139,000 $ 30,450,000
Basic earnings per share (in dollars per share) $ 0.77 $ 0.61 $ 2.20 $ 1.83
Diluted earnings per share (in dollars per share) 0.77 0.61 2.20 1.83
Cash dividends per share (in dollars per share) $ 0.27 $ 0.24 $ 0.79 $ 0.68
Average basic shares outstanding (in shares) 16,390,203 16,611,411 16,415,843 16,602,701
Average diluted shares outstanding (in shares) 16,393,078 16,619,295 16,420,845 16,610,544
Deposit Account [Member]        
Noninterest income:        
Noninterest income $ 1,185,000 $ 1,127,000 $ 3,406,000 $ 3,259,000
Credit and Debit Card [Member]        
Noninterest income:        
Noninterest income $ 1,547,000 $ 1,378,000 $ 4,397,000 $ 3,955,000