XML 16 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest and fees on loans    
Taxable $ 22,906 $ 20,222
Tax-exempt 145 144
Interest and dividends on securities    
Interest Income, Securities, Operating, Taxable 1,686 1,372
Interest Income, Securities, Operating, Tax Exempt 900 1,019
Interest on interest bearing deposits with other banks 231 140
Total interest income 25,868 22,897
Interest expense    
Interest on deposits 5,564 3,549
Interest on short-term borrowings 1,472 1,405
Interest on long-term borrowings and subordinated debentures 259 686
Total interest expense 7,295 5,640
Net interest income 18,573 17,257
Provision for loan losses 250 500
Net interest income after provision for loan losses 18,323 16,757
Noninterest income    
Insurance commissions 1,174 1,113
Realized securities (losses) gains, net (3) 732
Bank owned life insurance income 238 275
Other 241 249
Total noninterest income 4,230 4,876
Noninterest expenses    
Salaries, commissions and employee benefits 7,347 6,821
Net occupancy expense 924 832
Equipment expense 1,179 1,083
Professional fees 403 333
Marketing and Advertising Expense 153 103
Amortization of intangibles 476 436
FDIC premiums 0 240
Bank card expense 439 335
Foreclosed properties expense, net of losses 384 325
Business Combination, Acquisition Related Costs 63 0
Other 2,492 1,806
Total noninterest expenses 13,860 12,314
Income before income tax expense 8,693 9,319
Income tax expense 1,601 1,876
Net income $ 7,092 $ 7,443
Basic earnings per common share $ 0.56 $ 0.60
Diluted earnings per common share $ 0.56 $ 0.60
Fiduciary and Trust [Member]    
Noninterest income    
Revenue from Contract with Customer, Including Assessed Tax $ 586 $ 667
Deposit Account [Member]    
Noninterest income    
Revenue from Contract with Customer, Including Assessed Tax 1,180 1,091
Credit and Debit Card [Member]    
Noninterest income    
Revenue from Contract with Customer, Including Assessed Tax $ 814 $ 749