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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest income:      
Interest and fees on loans $ 43,534,000 $ 34,051,000 $ 30,504,000
Interest on deposits in other banks 424,000 289,000 210,000
Interest and dividends on investment securities:      
Taxable 6,526,000 5,876,000 4,793,000
Exempt from Federal income taxes 6,892,000 6,460,000 6,315,000
Total interest income 57,376,000 46,676,000 41,822,000
Interest expense:      
Interest on deposits 969,000 975,000 948,000
Interest on junior subordinated deferrable interest debentures 147,000 121,000 99,000
Other 21,000 0 0
Total interest expense 1,137,000 1,096,000 1,047,000
Net interest income before provision for credit losses 56,239,000 45,580,000 40,775,000
(Reversal of) Provision for credit losses (1,150,000) (5,850,000) 600,000
Net interest income after provision for credit losses 57,389,000 51,430,000 40,175,000
Non-interest income:      
Service charges 3,053,000 2,849,000 2,970,000
Appreciation in cash surrender value of bank owned life insurance 621,000 558,000 596,000
Interchange fees 1,458,000 1,228,000 1,197,000
Loan placement fees 706,000 1,083,000 1,042,000
Net realized gains on sales and calls of investment securities 2,802,000 1,920,000 1,495,000
Other-than-temporary impairment loss on investment securities 0 (136,000) 0
Federal Home Loan Bank dividends 443,000 630,000 580,000
Other income 1,753,000 1,459,000 1,507,000
Total non-interest income 10,836,000 9,591,000 9,387,000
Non-interest expenses:      
Salaries and employee benefits 24,738,000 21,881,000 20,836,000
Occupancy and equipment 5,186,000 4,754,000 4,669,000
Regulatory assessments 652,000 642,000 1,059,000
Data processing expense 1,740,000 1,707,000 1,139,000
Professional services 1,509,000 1,258,000 1,504,000
ATM/Debit card expenses 750,000 633,000 548,000
License & maintenance contracts 818,000 531,000 520,000
Directors’ expenses 597,000 530,000 439,000
Advertising 638,000 576,000 608,000
Internet banking expenses 705,000 678,000 709,000
Acquisition and integration expenses     0
Amortization of core deposit intangibles 234,000 149,000 320,000
Other expense 5,011,000 3,801,000 3,665,000
Total non-interest expenses 44,406,000 38,922,000 36,016,000
Income before provision for income taxes 23,819,000 22,099,000 13,546,000
Provision for income taxes 9,793,000 6,917,000 2,582,000
Net income 14,026,000 15,182,000 10,964,000
Net income available to common shareholders $ 14,026,000 $ 15,182,000 $ 10,964,000
Net income per common share:      
Basic earnings per common share (in dollars per share) $ 1.12 $ 1.34 $ 1.00
Diluted earnings per common share (in dollars per share) 1.10 1.33 1.00
Cash dividends per common share (in dollars per share) $ 0.24 $ 0.24 $ 0.18