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CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
INTEREST INCOME:        
Interest and fees on loans $ 14,662 $ 10,703 $ 29,200 $ 20,116
With a readily determinable fair value 15 16 32 31
Without a readily determinable fair value 16 8 32 15
Taxable 933 934 1,802 1,865
Non-taxable 417 680 961 1,384
Interest Income, Other Domestic Deposits 3 2 8 2
Other investments 282 195 406 267
TOTAL INTEREST INCOME 16,328 12,538 32,441 23,680
INTEREST EXPENSE:        
Interest on deposits 2,464 1,096 4,750 1,967
Interest on short-term borrowings 2 7 221 76
Interest on long-term debt 272 67 489 81
TOTAL INTEREST EXPENSE 2,738 1,170 5,460 2,124
NET INTEREST INCOME 13,590 11,368 26,981 21,556
PROVISION (CREDIT) FOR LOAN LOSSES 54 224 (51) 303
NET INTEREST INCOME AFTER PROVISION (CREDIT) FOR LOAN LOSSES 13,536 11,144 27,032 21,253
NON-INTEREST INCOME:        
Fiduciary income 1,058 942 2,092 1,906
Service charges and fees on deposit accounts 1,497 1,426 2,805 2,731
Net gain (loss) from sales of debt securities, available-for-sale (1) 1 17 1
Bank owned life insurance income 183 182 365 368
Gains from sales of loans 64 97 93 119
Other operating income 195 145 432 304
TOTAL NON-INTEREST INCOME 2,998 2,791 5,770 5,427
NON-INTEREST EXPENSE:        
Salaries and employee benefits 6,243 5,128 12,405 10,105
Equipment expenses 278 268 544 521
Occupancy expense, net 744 658 1,507 1,385
State franchise tax 436 296 874 599
Marketing 297 284 599 416
Amortization of intangibles 260 188 517 373
FDIC insurance premiums 112 99 238 198
Contracted services 475 391 939 706
Other real estate owned 48 1 51 3
Merger-related expenses 20 855 87 1,613
Other non-interest expense 1,920 2,543 3,772 4,341
TOTAL NON-INTEREST EXPENSE 10,833 10,711 21,533 20,260
INCOME BEFORE INCOME TAXES 5,701 3,224 11,269 6,420
PROVISION FOR INCOME TAXES 973 486 1,914 969
NET INCOME $ 4,728 $ 2,738 $ 9,355 $ 5,451
Dividends declared per common share (usd per share) $ 0.17 $ 0.16 $ 0.34 $ 0.32
Earnings per common share:        
Basic (usd per share) 0.36 0.25 0.71 0.52
Diluted (usd per share) $ 0.36 $ 0.25 $ 0.71 $ 0.52
Weighted average common shares outstanding:        
Basic (in shares) 13,192,691 11,099,485 13,237,909 10,563,030
Diluted (in shares) 13,196,665 11,105,014 13,241,752 10,568,792