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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income        
Loans, including fees $ 16,227 $ 13,684 $ 32,516 $ 27,718
Securities available for sale        
Taxable 2,313 1,634 4,651 3,042
Tax-exempt 88 55 180 114
Federal funds sold and other 478 380 823 678
Total interest income 19,106 15,753 38,170 31,552
Interest expense        
Deposits 2,285 1,197 4,335 2,228
Repurchase agreements and other 12 7 21 15
Other borrowings 10 41 31 88
FHLB advances 48 0 103 0
Subordinated debt 96 89 190 167
Total interest expense 2,451 1,334 4,680 2,498
Net interest income 16,655 14,419 33,490 29,054
Provision for loan losses 330 500 890 1,615
Net interest income after provision for loan losses 16,325 13,919 32,600 27,439
Non-interest income        
Service charges on deposit accounts 1,122 1,066 2,216 2,160
Electronic banking income 927 892 1,749 1,709
Secondary market mortgage income 33 81 57 113
Other 265 192 501 315
Total non-interest income 2,347 2,231 4,523 4,297
Non-interest expenses        
Salaries and employee benefits 5,427 5,043 10,626 9,821
Occupancy and equipment expenses 1,877 1,480 3,541 3,090
Outside data processing 1,426 1,277 2,810 2,526
Professional fees 306 399 671 735
Taxes, other than payroll, property and income 261 212 499 452
Write-downs, expenses, sales of other real estate owned, net 228 525 477 (361)
Amortization of intangibles 223 190 450 385
FDIC insurance 119 124 243 272
Other expenses 1,174 1,208 2,317 2,527
Total non-interest expenses 11,041 10,458 21,634 19,447
Income before income taxes 7,631 5,692 15,489 12,289
Provision for income taxes 1,772 1,317 3,454 2,781
Net income $ 5,859 $ 4,375 $ 12,035 $ 9,508
Net income per share:        
Basic (in dollars per share) $ 0.40 $ 0.33 $ 0.82 $ 0.71
Diluted (in dollars per share) $ 0.40 $ 0.32 $ 0.82 $ 0.71