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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest and dividend income:        
Loans, including fees $ 9,468 $ 8,264 $ 27,144 $ 22,522
Investment securities 266 530 824 1,789
Federal funds sold and other 206 91 483 224
Total interest and dividend income 9,940 8,885 28,451 24,535
Interest expense:        
Deposits 1,761 1,016 4,332 2,716
Other borrowed funds 391 494 1,394 1,513
Total interest expense 2,152 1,510 5,726 4,229
Net interest income 7,788 7,375 22,725 20,306
Less: Provision for (Recovery of) credit losses 18 306 (169) 792
Net interest income, after provision for credit losses 7,770 7,069 22,894 19,514
Non-interest income:        
Trust and investment management fees 4,770 4,815 14,413 14,398
Net gain on mortgage loans sold 1,159 899 3,769 2,222
Bank fees 361 674 1,426 1,674
Risk management and insurance fees 249 209 916 547
Income on company-owned life insurance 99 105 298 317
Net gain on sale of securities   43   126
Total non-interest income 6,638 6,745 20,822 19,284
Total income before non-interest expense 14,408 13,814 43,716 38,798
Non-interest expense:        
Salaries and employee benefits 7,221 7,081 23,061 20,452
Occupancy and equipment 1,427 1,422 4,439 4,387
Professional services 805 682 2,637 2,575
Technology and information systems 965 980 3,028 2,815
Data processing 697 598 2,024 1,868
Marketing 274 377 875 1,072
Amortization of other intangible assets 208 185 668 554
Total loss on sales/provision of other real estate owned   236   236
Other 579 573 1,814 1,725
Total non-interest expense 12,176 12,134 38,546 35,684
Income before income taxes 2,232 1,680 5,170 3,114
Income tax expense 543 632 1,247 1,136
Net income 1,689 1,048 3,923 1,978
Preferred stock dividends (255) (584) (1,378) (1,731)
Net income available to common shareholders $ 1,434 $ 464 $ 2,545 $ 247
Earnings per common share:        
Earnings per common share: Basic $ 0.19 $ 0.08 $ 0.40 $ 0.04
Earnings per common share: Diluted $ 0.19 $ 0.08 $ 0.40 $ 0.04