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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest and Dividend Income:        
Interest and fees on loans $ 15,062 $ 14,394 $ 44,485 $ 40,850
Interest and dividends on securities:        
Taxable 1,568 1,108 4,432 3,395
Tax-exempt 362 460 1,204 1,604
Dividends 82 77 240 240
Other interest income 143 235 516 469
Total interest and dividend income 17,217 16,274 50,877 46,558
Interest Expense:        
Interest on deposits 2,048 1,529 5,746 4,081
Interest on short-term borrowings 29 52 41 94
Interest on long-term borrowings 0 82 0 243
Interest on junior subordinated debt 389 273 1,008 756
Total interest expense 2,466 1,936 6,795 5,174
Net Interest Income 14,751 14,338 44,082 41,384
Provision for (recovery of) Loan Losses (23) 440 (97) 1,090
Net Interest Income After Provision for Loan Losses 14,774 13,898 44,179 40,294
Noninterest Income:        
Trust fees 1,001 1,098 2,875 2,918
Service charges on deposit accounts 605 622 1,809 1,818
Other fees and commissions 656 618 1,977 1,852
Mortgage banking income 551 612 1,492 1,603
Securities gains (losses), net (17) 0 393 590
Brokerage fees 172 219 603 603
Income from Small Business Investment Companies 150 86 476 118
Gains on premises and equipment, net 63 337 66 337
Other 199 212 585 584
Total noninterest income 3,380 3,804 10,276 10,423
Noninterest Expense:        
Salaries 5,285 5,072 15,377 14,604
Employee benefits 1,036 1,048 3,322 3,229
Occupancy and equipment 1,069 1,151 3,297 3,367
FDIC assessment 134 138 412 401
Bank franchise tax 291 276 863 795
Core deposit intangible amortization 56 80 210 448
Data processing 420 475 1,309 1,464
Software 307 303 966 853
Other real estate owned, net 46 62 101 173
Other 2,260 2,105 6,751 6,528
Total noninterest expense 10,904 10,710 32,608 31,862
Income Before Income Taxes 7,250 6,992 21,847 18,855
Income Taxes 1,465 2,205 4,270 5,726
Net Income $ 5,785 $ 4,787 $ 17,577 $ 13,129
Net Income Per Common Share:        
Basic (in dollars per share) $ 0.66 $ 0.55 $ 2.02 $ 1.52
Diluted (in dollars per share) $ 0.66 $ 0.55 $ 2.02 $ 1.52
Average Common Shares Outstanding:        
Basic (in shares) 8,712,443 8,644,310 8,691,423 8,639,433
Diluted (in shares) 8,718,918 8,663,246 8,703,662 8,657,891