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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest and dividend income:      
Interest and fees on loans $ 39,097 $ 37,189 $ 33,115
Due from banks interest bearing accounts 2,503 2,267 1,500
Investment securities:      
Taxable 6,637 5,500 4,762
Non-taxable 300 143 257
Other earning assets 456 518 383
Total interest and dividend income 48,993 45,617 40,017
Interest expense:      
Time deposits over $250,000 144 78 78
Other deposits 1,715 1,190 1,001
Total interest expense 1,859 1,268 1,079
Net interest income 47,134 44,349 38,938
Provision for loan losses 0 2,100 600
Net interest income after provision for loan losses 47,134 42,249 38,338
Non-interest income:      
Service charges on deposit accounts 1,979 1,994 1,957
Net loss on sale of available-for-sale securities (3) (20) (14)
Net gain on sale of loans held-for-sale 614 337 512
Gain on sale-leaseback of real estate 0 0 1,187
Other income 4,607 4,898 4,486
Total non-interest income 7,197 7,209 8,128
Non-interest expenses:      
Salaries and employee benefits 21,946 20,795 18,284
Occupancy and equipment 3,156 2,775 2,862
Data processing 2,812 2,190 1,808
Stationery and supplies 295 389 332
Advertising 434 373 328
Directors fees 287 296 309
Other real estate owned expense and impairment 304 23 6
Other expense 4,706 5,322 5,471
Total non-interest expenses 33,940 32,163 29,400
Income before provision for income taxes 20,391 17,295 17,066
Provision for income tax (5,670) (4,744) (8,318)
Net income $ 14,721 $ 12,551 $ 8,748
Basic income per share (in dollars per share) $ 1.15 $ 0.99 $ 0.69
Diluted income per share (in dollars per share) $ 1.14 $ 0.97 $ 0.68