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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest income        
Loans, including fees $ 13,684 $ 14,663 $ 27,718 $ 28,198
Securities available for sale        
Taxable 1,634 1,464 3,042 2,809
Tax-exempt 55 64 114 136
Federal funds sold and other 380 182 678 339
Total interest income 15,753 16,373 31,552 31,482
Interest expense        
Deposits 1,197 951 2,228 1,900
Repurchase agreements and other 7 7 15 14
Other borrowings 41 79 88 166
Subordinated debt 89 74 167 144
Total interest expense 1,334 1,111 2,498 2,224
Net interest income 14,419 15,262 29,054 29,258
Provision for loan losses 500 776 1,615 1,142
Net interest income after provision for loan losses 13,919 14,486 27,439 28,116
Non-interest income        
Service charges on deposit accounts 1,066 1,089 2,160 2,065
Electronic banking income 892 833 1,709 1,613
Secondary market mortgage income 81 39 113 106
Other 192 173 315 367
Total non-interest income 2,231 2,134 4,297 4,151
Non-interest expenses        
Salaries and employee benefits 5,043 4,973 9,821 9,943
Occupancy and equipment expenses 1,480 1,449 3,090 2,970
Outside data processing 1,277 1,355 2,526 2,675
Professional fees 399 277 735 525
Taxes, other than payroll, property and income 212 211 452 400
Write-downs, expenses, sales of other real estate owned, net 525 553 (361) 793
Amortization of intangibles 190 251 385 516
FDIC insurance 124 154 272 347
Other expenses 1,208 1,181 2,527 2,233
Total non-interest expenses 10,458 10,404 19,447 20,402
Income before income taxes 5,692 6,216 12,289 11,865
Provision for income taxes 1,317 2,297 2,781 4,282
Net income $ 4,375 $ 3,919 $ 9,508 $ 7,583
Net income per share:        
Basic (in dollars per share) $ 0.33 $ 0.29 $ 0.71 $ 0.57
Diluted (in dollars per share) $ 0.32 $ 0.29 $ 0.71 $ 0.57