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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest Income        
Loans, Including Fees $ 13,580 $ 10,255 $ 36,344 $ 30,048
Loans Held for Sale 73 92
Deposits with Other Banks 186 48 749 192
Investment Securities:        
U.S. Treasury 1 1
U.S. Government Agencies 2,230 1,847 6,738 5,635
State, County and Municipal 24 25 82 77
Corporate Bonds 27 27 84 84
Federal Funds Sold 20 60
Dividends on Other Investments 49 49 150 134
Total Interest Income 16,190 12,251 44,300 36,170
Interest Expense        
Deposits 2,815 1,564 7,569 4,165
Federal Funds Purchased 1 3 1 4
Borrowed Money 726 579 1,900 1,602
Total Interest Expense 3,542 2,146 9,470 5,771
Net Interest Income 12,648 10,105 34,830 30,399
Provision for Loan Losses 214 61 524 131
Net Interest Income After Provision for Loan Losses 12,434 10,044 34,306 30,268
Noninterest Income        
Securities Gains 34 99 116
Other 325 292 1,864 860
Total Noninterest Income 4,039 2,405 10,373 7,163
Noninterest Expenses        
Salaries and Employee Benefits 7,186 5,110 18,848 15,032
Occupancy and Equipment 1,290 1,052 3,459 3,077
Acquisition Related Expenses 649 53 2,610 53
Deposit Intangible Expenses 212 9 388 27
Other 4,021 2,854 10,092 8,026
Total Noninterest Expense 13,358 9,078 35,397 26,215
Income Before Income Taxes 3,115 3,371 9,282 11,216
Income Taxes 597 676 1,827 2,264
Net Income $ 2,518 $ 2,695 $ 7,455 $ 8,952
Net Income Per Share of Common Stock        
Basic (in dollars per share) $ 0.27 $ 0.32 $ 0.83 $ 1.06
Diluted (in dollars per share) 0.27 0.32 0.83 1.04
Cash Dividends Paid Per Share of Common Stock (in dollars per share) $ 0.075 $ 0.05 $ 0.225 $ 0.15
Weighted Average Basic Shares Outstanding (in shares) 9,494,771 8,439,415 9,008,196 8,439,310
Weighted Average Diluted Shares Outstanding (in shares) 9,494,771 8,444,816 9,008,196 8,571,516
Deposit Account [Member]        
Noninterest Income        
Non interest revenue from banking services $ 1,325 $ 1,134 $ 3,359 $ 3,266
Bank Servicing [Member]        
Noninterest Income        
Non interest revenue from banking services 1,100 803 3,110 2,414
Mortgage Banking [Member]        
Noninterest Income        
Non interest revenue from banking services $ 1,255 $ 176 $ 1,941 $ 507