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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest income        
Loans, including fees $ 11,349 $ 8,697 $ 20,885 $ 16,740
Securities:        
Taxable 989 839 1,855 1,654
Tax-exempt 509 548 1,024 1,101
Federal funds sold and short-term investments 34 86 172 158
Total interest income 12,881 10,170 23,936 19,653
Interest expense        
Deposits 1,469 1,104 2,688 2,147
Borrowings 220 109 227 236
Redeemable subordinated debentures 174 127 324 246
Total interest expense 1,863 1,340 3,239 2,629
Net interest income 11,018 8,830 20,697 17,024
Provision for loan losses 225 150 450 300
Net interest income after provision for loan losses 10,793 8,680 20,247 16,724
Non-interest income        
Service charges on deposit accounts 153 149 303 303
Gain on sales of loans 984 1,018 2,133 2,607
Income on Bank-owned life insurance 159 130 273 260
Gain from bargain purchase 184 0 184 0
Gain on sales of securities 6 (2) 12 104
Other income 557 471 1,023 905
Total non-interest income 2,043 1,766 3,928 4,179
Non-interest expense        
Salaries and employee benefits 5,076 4,692 9,814 9,193
Occupancy expense 885 820 1,697 1,658
Data processing expenses 369 326 678 644
FDIC insurance expense 146 80 276 160
Other real estate owned expenses 0 11 2 15
Merger-related expenses 1,977 0 2,141 0
Other operating expenses 1,798 1,757 3,288 3,672
Total non-interest expenses 10,251 7,686 17,896 15,342
Income before income taxes 2,585 2,760 6,279 5,561
Income taxes 714 841 1,555 1,693
Net income $ 1,871 $ 1,919 $ 4,724 $ 3,868
Net income per common share        
Basic (in Dollars per share) $ 0.22 $ 0.24 $ 0.57 $ 0.48
Diluted (in Dollars per share) $ 0.22 $ 0.23 $ 0.56 $ 0.47
Weighted average shares outstanding        
Basic (in Shares) 8,341,459 8,033,299 8,227,109 8,029,690
Diluted (in Shares) 8,628,105 8,301,939 8,506,961 8,301,431