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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest income        
Loans, including fees $ 33,664,000 $ 37,005,000 $ 101,428,000 $ 109,559,000
Securities, taxable 1,212,000 2,104,000 6,840,000 5,930,000
Securities, tax-exempt 576,000 556,000 1,714,000 1,657,000
Other interest-earning assets 142,000 651,000 711,000 1,627,000
Total interest income 35,594,000 40,316,000 110,693,000 118,773,000
Interest expense        
Deposits 3,466,000 5,573,000 11,808,000 15,906,000
Short-term borrowings 38,000 71,000 132,000 244,000
Federal Home Loan Bank advances 2,072,000 2,257,000 6,499,000 6,751,000
Subordinated debentures and other borrowings 509,000 810,000 1,857,000 2,506,000
Total interest expense 6,085,000 8,711,000 20,296,000 25,407,000
Net interest income 29,509,000 31,605,000 90,397,000 93,366,000
Provision for loan losses 3,200,000 700,000 11,550,000 2,450,000
Net interest income after provision for loan losses 26,309,000 30,905,000 78,847,000 90,916,000
Noninterest income:        
Mortgage banking income 9,479,000 2,889,000 19,746,000 5,291,000
Payroll services income 399,000 367,000 1,346,000 1,227,000
Earnings on bank owned life insurance 290,000 330,000 933,000 3,567,000
Other income 368,000 358,000 1,042,000 1,755,000
Total noninterest income 13,307,000 6,676,000 30,839,000 19,643,000
Noninterest expense        
Salaries and benefits 16,734,000 13,680,000 44,388,000 39,982,000
Occupancy 2,023,000 1,697,000 5,944,000 5,089,000
Furniture and equipment depreciation, rent and maintenance 871,000 629,000 2,500,000 1,885,000
Data processing costs 2,676,000 2,342,000 7,793,000 6,854,000
Other expense 4,119,000 3,679,000 11,954,000 12,134,000
Total noninterest expense 26,423,000 22,027,000 72,579,000 65,944,000
Income before federal income tax expense 13,193,000 15,554,000 37,107,000 44,615,000
Federal income tax expense 2,507,000 2,954,000 7,051,000 8,476,000
Net income $ 10,686,000 $ 12,600,000 $ 30,056,000 $ 36,139,000
Basic earnings per share (in dollars per share) $ 0.66 $ 0.77 $ 1.85 $ 2.20
Diluted earnings per share (in dollars per share) 0.66 0.77 1.85 2.20
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share) $ 0.28 $ 0.27 $ 0.84 $ 0.79
Average basic shares outstanding (in shares) 16,233,196 16,390,203 16,265,208 16,415,843
Average diluted shares outstanding (in shares) 16,233,666 16,393,078 16,265,986 16,420,845
Deposit Account [Member]        
Noninterest income:        
Noninterest income $ 1,135,000 $ 1,185,000 $ 3,401,000 $ 3,406,000
Credit and Debit Card [Member]        
Noninterest income:        
Noninterest income $ 1,636,000 $ 1,547,000 $ 4,371,000 $ 4,397,000