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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, including fees $ 65,237 $ 56,856 $ 55,425
Securities available for sale      
Taxable 9,261 7,022 5,628
Tax-exempt 348 254 261
Federal funds sold and other 1,732 1,689 676
Total interest income 76,578 65,821 61,990
Interest expense      
Deposits 9,009 5,444 3,855
Repurchase agreements and other 70 34 33
FHLB advances and other borrowings 229 237 319
Subordinated debt 369 352 295
Total interest expense 9,677 6,067 4,502
Net interest income 66,901 59,754 57,488
Provision for loan losses 1,250 2,315 2,499
Net interest income after provision for loan losses 65,651 57,439 54,989
Non-interest income      
Service charges on deposit accounts 4,661 4,562 4,357
Electronic banking income 3,488 3,530 3,260
Secondary market mortgage income 214 180 201
Other 971 826 837
Total non-interest income 9,334 9,098 8,655
Non-interest expenses      
Salaries and employee benefits 21,485 19,803 19,355
Occupancy and equipment expenses 6,909 6,294 5,999
Outside data processing 5,782 5,199 5,173
Professional fees 1,131 1,506 975
Taxes, other than payroll, property and income 973 888 780
Write-downs, expenses, sales of other real estate owned, net 1,550 244 1,601
Loan collection expenses 342 746 627
FDIC insurance 223 564 675
Amortization of intangibles 885 778 974
Other expenses 4,484 4,449 4,059
Total non-interest expenses 43,764 40,471 40,218
Income before income taxes 31,221 26,066 23,426
Provision for income taxes 7,025 5,898 8,607
Net income $ 24,196 $ 20,168 $ 14,819
Earnings per share:      
Basic (in dollars per share) $ 1.65 $ 1.48 $ 1.11
Diluted (in dollars per share) 1.64 1.47 1.10
Dividends per share (in dollars per share) $ 0.60 $ 0.57 $ 0.48