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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest income:      
Interest and fees on loans $ 34,275,000 $ 29,761,000 $ 25,800,000
Interest on investment securities:      
Taxable 3,487,000 3,099,000 1,791,000
Exempt from Federal income taxes 908,000 852,000 688,000
Other 632,000 610,000 674,000
Total interest income 39,302,000 34,322,000 28,953,000
Interest expense:      
Interest on deposits 1,201,000 716,000 582,000
Interest on note payable 28,000
Interest on junior subordinated deferrable interest debentures 531,000 510,000 401,000
Other 15,000 10,000 6,000
Total interest expense 1,747,000 1,236,000 1,017,000
Net interest income before provision for loan losses 37,555,000 33,086,000 27,936,000
Provision for loan losses 1,500,000 1,000,000 600,000
Net interest income after provision for loan losses 36,055,000 32,086,000 27,336,000
Non-interest income:      
Service charges 2,695,000 2,576,000 2,467,000
Interchange revenue 2,374,000 2,174,000 1,987,000
Gain on sale of loans 867,000 1,903,000 2,039,000
Gain (loss) on sale of investment securities 114,000 (8,000) (158,000)
Earnings on bank owned life insurance policies, net 328,000 328,000 338,000
Other 997,000 1,108,000 876,000
Total non-interest income 8,135,000 8,881,000 8,280,000
Non-interest expenses:      
Salaries and employee benefits 13,009,000 12,138,000 11,505,000
Occupancy and equipment 3,311,000 2,962,000 2,840,000
Other 6,490,000 6,741,000 5,766,000
Total non-interest expenses 22,810,000 21,841,000 20,111,000
Income before income taxes 21,380,000 19,126,000 15,505,000
Provision for income taxes 5,868,000 5,134,000 7,316,000
Net income $ 15,512,000 $ 13,992,000 $ 8,189,000
Basic earnings per common share (in dollars per share) $ 3.01 $ 2.74 $ 1.64
Diluted earnings per common share (in dollars per share) 2.97 2.68 1.58
Common dividends per share (in dollars per share) $ 0.46 $ 0.36 $ 0.28
Bank Servicing [Member]      
Non-interest income:      
Service charges $ 760,000 $ 800,000 $ 731,000