XML 20 R4.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest and Dividend Income:      
Loans, including fees $ 57,840 $ 52,840 $ 49,677
Taxable securities 4,804 5,503 5,239
Tax exempt securities 1,153 1,149 945
Interest-earning deposits 756 563 307
Total interest and dividend income 64,553 60,055 56,168
Interest Expense:      
Deposits 3,323 2,168 2,170
Securities sold under agreements to repurchase 137 478 849
Borrowed funds 613 422 820
Total interest expense 4,073 3,068 3,839
Net interest income 60,480 56,987 52,329
Provision for loan losses 3,153 9,022 2,437
Net interest income after provision for loan losses 57,327 47,965 49,892
Non-Interest Income:      
Net gains on securities transactions 0 109 987
Change in fair value of equity investments 2,004 80 43
Net gain on sales of loans held for sale 351 260 326
Net gains on sales of other real estate owned 90 38 21
Income from bank owned life insurance 66 70 73
Other 2,479 2,408 2,267
Total non-interest income 23,074 20,491 21,149
Non-Interest Expenses:      
Salaries and wages 22,322 21,476 20,954
Pension and other employee benefits 5,524 5,510 4,850
Other components of net periodic pension cost (benefit) (770) (1,234) 1,282
Net occupancy expenses 6,550 6,263 6,837
Furniture and equipment expenses 2,550 2,828 2,967
Data processing expense 6,997 6,539 6,593
Professional services 2,169 1,774 2,175
Legal accruals and settlements 989 850 1,200
Amortization of intangible assets 734 860 986
Marketing and advertising expense 1,181 794 877
Other real estate owned expenses 422 110 180
FDIC insurance 1,142 1,236 1,193
Loan expense 863 694 669
Other 6,093 6,064 5,847
Total non-interest expenses 56,766 53,764 56,610
Income before income tax expense 23,635 14,692 14,431
Income tax expense 4,009 7,262 4,404
Net income $ 19,626 $ 7,430 $ 10,027
Weighted average shares outstanding (in shares) 4,832 4,800 4,762
Basic and diluted earnings per share (in dollars per share) $ 4.06 $ 1.55 $ 2.11
WMG      
Non-Interest Income:      
Revenues from contracts with customer $ 9,317 $ 8,804 $ 8,316
Service Charge on Deposits      
Non-Interest Income:      
Revenues from contracts with customer 4,727 4,961 5,089
Interchange Revenue      
Non-Interest Income:      
Revenues from contracts with customer $ 4,040 $ 3,761 $ 4,027