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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest Income    
Interest and fees on loans and loans held for sale $ 14,977 $ 13,263
Interest on investment securities available for sale 1,632 1,254
Dividends on marketable equity securities 107 82
Dividends on Federal Home Loan Bank stock 19 12
Interest on deposits in other banks 143 184
Total Interest Income 16,878 14,795
Interest Expense    
Interest expense on deposits 938 372
Interest expense on securities sold under agreements to repurchase 22 9
Interest expense on borrowings 57 58
Interest expense on junior subordinated debentures 92 93
Total Interest Expense 1,109 532
Net Interest Income 15,769 14,263
Provision for loan losses 750 0
Net Interest Income After Provision for Loan Losses 15,019 14,263
Other Operating Income    
Revenue from contracts with customers 1,428 1,342
Purchased receivable income 809 840
Gain on marketable equity securities 534 0
Gain on sale of securities, net 23 0
Other income 806 699
Total Other Operating Income 7,533 7,462
Other Operating Expense    
Salaries and other personnel expense 11,302 10,585
Occupancy expense 1,771 1,700
Data processing expense 1,679 1,548
Professional and outside services 556 499
Marketing expense 419 632
Insurance expense 258 296
Intangible asset amortization expense 15 18
OREO (income) expense, net rental income and gains on sale (320) 103
Other operating expense 1,400 1,414
Total Other Operating Expense 17,080 16,795
Income Before Provision for Income Taxes 5,472 4,930
Provision for income taxes 1,160 868
Net Income $ 4,312 $ 4,062
Earnings Per Share, Basic (in USD per share) $ 0.63 $ 0.59
Earnings Per Share, Diluted (in USD per share) $ 0.62 $ 0.58
Weighted Average Shares Outstanding, Basic (in shares) 6,879,619 6,871,963
Weighted Average Shares Outstanding, Diluted (in shares) 6,981,951 6,968,082
Mortgage banking income    
Other Operating Income    
Revenue from contracts with customers $ 4,298 $ 4,944
Bankcard fees    
Other Operating Income    
Revenue from contracts with customers 650 625
Service charges on deposit accounts    
Other Operating Income    
Revenue from contracts with customers $ 413 $ 354