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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income    
Loans, including fees $ 16,289 $ 14,034
Securities available for sale    
Taxable 2,338 1,408
Tax-exempt 92 59
Federal funds sold and other 345 298
Total interest income 19,064 15,799
Interest expense    
Deposits 2,050 1,031
Repurchase agreements and other 9 8
Other borrowings 21 47
FHLB advances 55 0
Subordinated debt 94 78
Total interest expense 2,229 1,164
Net interest income 16,835 14,635
Provision for loan losses 560 1,115
Net interest income after provision for loan losses 16,275 13,520
Non-interest income    
Service charges on deposit accounts 1,094 1,094
Electronic banking income 822 817
Secondary market mortgage income 24 32
Other 236 123
Total non-interest income 2,176 2,066
Non-interest expenses    
Salaries and employee benefits 5,199 4,778
Occupancy and equipment expenses 1,664 1,610
Outside data processing 1,384 1,249
Professional fees 365 336
Taxes, other than payroll, property and income 238 240
Write-downs, expenses, sales of other real estate owned, net 249 (886)
Amortization of intangibles 227 195
FDIC insurance 124 148
Other expenses 1,143 1,319
Total non-interest expenses 10,593 8,989
Income before income taxes 7,858 6,597
Provision for income taxes 1,682 1,464
Net income $ 6,176 $ 5,133
Net income per share:    
Basic (in dollars per share) $ 0.42 $ 0.38
Diluted (in dollars per share) $ 0.42 $ 0.38