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Consolidated Statements Of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
INTEREST INCOME      
Loans $ 60,193 $ 53,282 $ 44,379
Interest bearing deposits at banks 697 427 66
Securities:      
Taxable 3,537 3,253 2,466
Non-taxable 313 650 837
Total interest income 64,740 57,612 47,748
INTEREST EXPENSE      
Deposits 11,939 8,416 4,887
Other borrowings 181 554 418
Junior subordinated debentures 565 535 426
Total interest expense 12,685 9,505 5,731
NET INTEREST INCOME 52,055 48,107 42,017
PROVISION FOR LOAN LOSSES 75 1,402 738
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 51,980 46,705 41,279
NON-INTEREST INCOME      
Deposit service charges 2,569 2,176 1,747
Insurance service and fees 10,688 9,365 7,898
Gain on loans sold 154 38 156
Bank-owned life insurance 656 680 864
Loss on tax credit investments (158) (2,870) (3,997)
Refundable state historic tax credit 115 1,982 2,843
Interchange fee income 1,722 1,750 1,494
Other 2,336 2,106 1,998
Total non-interest income 18,082 15,227 13,003
NON-INTEREST EXPENSE      
Salaries and employee benefits 29,628 27,412 24,125
Occupancy 3,429 3,135 3,199
Advertising and public relations 1,033 1,070 1,095
Professional services 3,742 2,466 2,260
Technology and communications 4,124 3,394 2,881
Amortization of intangibles 448 280 113
FDIC insurance 431 1,024 740
Other 4,985 4,512 4,181
Total non-interest expense 47,820 43,293 38,594
INCOME BEFORE INCOME TAXES 22,242 18,639 15,688
INCOME TAX PROVISION 5,228 2,283 5,209
NET INCOME $ 17,014 $ 16,356 $ 10,479
Net income per common share-basic $ 3.47 $ 3.40 $ 2.21
Net income per common share-diluted 3.42 3.32 2.16
Cash dividends per common share $ 1.04 $ 0.92 $ 0.80
Weighted average number of common shares outstanding 4,897,803 4,814,882 4,738,394
Weighted average number of diluted shares outstanding 4,968,172 4,933,743 4,860,828