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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
INTEREST INCOME        
Loans $ 15,645 $ 13,676 $ 45,149 $ 39,238
Interest-bearing deposits at banks 159 63 564 88
Securities:        
Taxable 993 805 2,736 2,465
Non-taxable 48 146 263 512
Total interest income 16,845 14,690 48,712 42,303
INTEREST EXPENSE        
Deposits 3,038 2,412 8,883 5,669
Other borrowings 45 51 135 509
Junior subordinated debentures 141 141 431 391
Total interest expense 3,224 2,604 9,449 6,569
NET INTEREST INCOME 13,621 12,086 39,263 35,734
PROVISION FOR LOAN LOSSES (431) 252 197 1,678
NET INTEREST INCOME (EXPENSE) AFTER PROVISION FOR LOAN LOSSES 14,052 11,834 39,066 34,056
NON-INTEREST INCOME        
Deposit service charges 687 571 1,822 1,605
Insurance service and fees 3,225 3,215 8,568 7,132
(Gain) loss on sale of securities   (98) 42 (98)
Gain on loans sold 43 6 105 6
Bank-owned life insurance 160 165 492 514
Loss on tax credit investment   (165)   (165)
Refundable state historic tax credit   150   150
Interchange fee income 438 413 1,299 1,325
Other 611 507 1,761 1,720
Total non-interest income 5,164 4,764 14,089 12,189
NON-INTEREST EXPENSE        
Salaries and employee benefits 7,644 7,090 22,273 20,192
Occupancy 853 795 2,561 2,280
Advertising and public relations 231 258 612 708
Professional services 1,009 588 2,683 1,867
Technology and communications 1,057 874 3,049 2,485
Amortization of intangibles 112 112 336 168
FDIC insurance   295 357 773
Other 1,370 1,445 3,778 3,388
Total non-interest expense 12,276 11,457 35,649 31,861
INCOME BEFORE INCOME TAXES 6,940 5,141 17,506 14,384
INCOME TAX PROVISION 1,776 346 4,240 2,479
NET INCOME $ 5,164 $ 4,795 $ 13,266 $ 11,905
Net income per common share-basic $ 1.05 $ 0.99 $ 2.71 $ 2.48
Net income per common share-diluted 1.04 0.97 2.68 2.41
Cash dividends per common share $ 0.52 $ 0.46 $ 1.04 $ 0.92
Weighted average number of common shares outstanding 4,918,740 4,824,318 4,889,029 4,807,684
Weighted average number of diluted shares outstanding 4,976,639 4,940,822 4,957,689 4,933,485