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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest Income      
Loans, including fees $ 48,200 $ 44,279 $ 41,450
Interest-bearing time deposits in other banks 1,709 588 592
Interest-bearing deposits in other banks 1,800 1,933 828
Total interest income 51,709 46,800 42,870
Interest Expense      
Deposits 9,516 6,994 4,502
Other borrowings 0 175 237
Total interest expense 9,516 7,169 4,739
Net Interest Income 42,193 39,631 38,131
Provision for Loan Losses 0 200 1,246
Net Interest Income After Provision for Loan Losses 42,193 39,431 36,885
Noninterest Income      
Secondary market income 164 212 183
Service charges on deposit accounts 392 347 336
Other 752 772 916
Total noninterest income 1,308 1,331 1,435
Noninterest Expense      
Salaries and employee benefits 21,265 8,113 7,611
Furniture and equipment 829 684 831
Occupancy 1,677 1,310 1,049
Data and item processing 1,078 966 891
Accounting, marketing and legal fees 757 305 284
Regulatory assessments 126 542 450
Advertising and public relations 588 553 433
Travel, lodging and entertainment 368 699 1,041
Other 1,744 1,793 1,941
Total noninterest expense 28,432 14,965 14,531
Income Before Taxes 15,069 25,797 23,789
Income tax expense 6,844 797 0
Net Income $ 8,225 $ 25,000 $ 23,789
Earnings per common share - basic (in dollars per share) $ 0.81 $ 3.08 $ 3.26
Earnings per common share - diluted (in dollars per share) $ 0.81 $ 3.03 $ 3.26
Weighted average common shares outstanding - basic (in shares) 10,145,032 8,105,856 7,287,500
Weighted average common shares outstanding - diluted (in shares) 10,147,311 8,237,638 7,287,500