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Consolidated Condensed Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest Income    
Loans $ 26,526 $ 21,969
Investment securities:    
Taxable 802 979
Non-taxable 1,049 777
Interest-bearing deposits 297 145
FHLB stock dividends 231 166
Total interest income 28,905 24,036
Interest Expense    
Deposits 2,611 1,796
FHLB advances and other 319 366
Subordinated debentures 280 215
Notes payable 8 14
Total interest expense 3,218 2,391
Net interest income 25,687 21,645
Provision for loan losses (1,095) 55
Net interest income after provision for loan losses 26,782 21,590
Non-interest Income    
Service fees and other charges 3,131 2,760
Insurance commissions 4,277 3,457
Mortgage banking income 1,742 1,738
Gain on sale of non-mortgage loans 224 0
Trust income 552 450
Income from Bank Owned Life Insurance 400 1,823
Other non-interest income 377 321
Total non-interest income 10,703 10,549
Non-interest Expense    
Compensation and benefits 13,249 14,335
Occupancy 2,071 1,837
FDIC insurance premium 360 290
Financial institutions tax 531 480
Data processing 2,105 1,939
Amortization of intangibles 347 232
Other non-interest expense 4,588 4,029
Total non-interest expense 23,251 23,142
Income before income taxes 14,234 8,997
Federal income taxes 2,497 3,857
Net Income $ 11,737 $ 5,140
Earnings per common share (Note 6)    
Basic $ 1.15 $ 0.54
Diluted 1.15 0.54
Dividends declared per share (Note 5) $ 0.3 $ 0.25
Average common shares outstanding (Note 6)    
Basic 10,165 9,441
Diluted 10,219 9,497