XML 76 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest Income        
Interest and fees on loans and loans held for sale $ 15,863 $ 14,992 $ 46,193 $ 42,291
Interest on investment securities available for sale 1,528 1,314 4,850 3,870
Dividends on marketable equity securities 114 86 330 252
Dividends on Federal Home Loan Bank stock 19 19 57 45
Interest on deposits in other banks 313 169 591 512
Total Interest Income 17,837 16,580 52,021 46,970
Interest Expense        
Interest expense on deposits 1,365 595 3,477 1,413
Interest expense on securities sold under agreements to repurchase 1 9 41 26
Interest expense on borrowings 70 59 189 174
Interest expense on junior subordinated debentures 95 98 282 286
Total Interest Expense 1,531 761 3,989 1,899
Net Interest Income 16,306 15,819 48,032 45,071
Provision (benefit) for loan losses (2,075) 0 (1,025) (300)
Net Interest Income After Provision (Benefit) for Loan Losses 18,381 15,819 49,057 45,371
Other Operating Income        
Mortgage banking income 7,565 5,903 17,813 16,325
Purchased receivable income 709 767 2,355 2,474
Gain (loss) on marketable equity securities 130 37 782 (136)
Interest rate swap income 0 70 734 70
Gain on sale of securities, net 0 0 23 0
Other income 887 765 2,466 2,523
Total Other Operating Income 10,509 8,673 27,611 24,449
Other Operating Expense        
Salaries and other personnel expense 13,186 11,261 37,433 33,208
Data processing expense 1,849 1,503 5,324 4,374
Occupancy expense 1,576 1,687 4,989 4,407
Professional and outside services 610 727 1,850 1,780
Marketing expense 357 367 1,609 1,461
Insurance expense 102 171 592 645
Intangible asset amortization expense 15 18 45 53
Impairment of equity method investment 0 804 0 804
OREO (income) expense, net rental income and gains on sale (31) 43 (186) 157
Other operating expense 1,660 1,518 4,567 4,611
Total Other Operating Expense 19,324 18,099 56,223 51,500
Income Before Provision for Income Taxes 9,566 6,393 20,445 18,320
Provision for income taxes 2,028 1,129 4,334 3,164
Net Income $ 7,538 $ 5,264 $ 16,111 $ 15,156
Earnings Per Share, Basic (in USD per share) $ 1.13 $ 0.77 $ 2.38 $ 2.21
Earnings Per Share, Diluted (in USD per share) $ 1.11 $ 0.75 $ 2.35 $ 2.17
Weighted Average Shares Outstanding, Basic (in shares) 6,604,044 6,877,194 6,760,672 6,873,843
Weighted Average Shares Outstanding, Diluted (in shares) 6,707,523 6,990,633 6,861,973 6,978,679
Bankcard fees        
Other Operating Income        
Revenue from contracts with customers $ 820 $ 724 $ 2,214 $ 2,056
Service charges on deposit accounts        
Other Operating Income        
Revenue from contracts with customers $ 398 $ 407 $ 1,224 $ 1,137