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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest Income      
Loans, including fees $ 65,317 $ 62,213 $ 42,303
Debt securities:      
U.S. Treasury and government agencies 3,369 3,341 2,478
Municipalities 1,079 837 1,095
Dividends 142 293 220
Federal funds sold 20 416 19
Other 242 1,206 314
Total interest income 70,169 68,306 46,429
Interest Expense      
Deposits 8,638 12,942 5,989
Federal funds purchased and securities sold under agreements to repurchase 775 734 503
Borrowed funds 980 1,083 80
Total interest expense 10,393 14,759 6,572
Net Interest Income Before Provision for Loan Losses 59,776 53,547 39,857
Provision for Loan Losses 6,981 1,138 324
Net Interest Income After Provision for Loan Losses 52,795 52,409 39,533
Noninterest Income      
Net gain on sale of loans 4,022 677 757
Net gain (loss) on sale of available-for-sale securities 270 (26) (9)
Total noninterest income 16,787 11,820 10,864
Noninterest Expense      
Salaries and wages 18,488 16,329 13,760
Employee benefits 5,601 5,558 4,115
Net occupancy expense 2,271 2,317 1,757
Furniture and equipment 3,143 2,775 2,110
Data processing 1,768 2,553 1,318
Franchise taxes 1,346 981 954
ATM expense 1,690 1,715 1,340
Advertising 1,332 1,569 887
Net loss on sale of other assets owned 7 81 44
FDIC assessment 633 183 326
Mortgage servicing rights amortization 1,031 487 364
Consulting fees 968 668 928
Other general and administrative 6,098 6,251 4,244
Total noninterest expense 44,376 41,467 32,147
Income Before Income Taxes 25,206 22,762 18,250
Income Taxes 5,111 4,360 3,301
Net Income $ 20,095 $ 18,402 $ 14,949
Basic and Diluted Earnings Per Share $ 1.80 $ 1.66 $ 1.61
Dividends Declared $ 0.66 $ 0.61 $ 0.56
Customer Service Fees [Member]      
Noninterest Income      
Noninterest income $ 8,893 $ 6,726 $ 5,935
Other Service Charges and Fees [Member]      
Noninterest Income      
Noninterest income $ 3,602 $ 4,443 $ 4,181