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CONSOLIDATED STATEMENTS OF INCOME - (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Securities:    
Taxable $ 684 $ 936
Tax-exempt 611 545
Federal funds sold and other 394 310
Total interest income 19,817 17,442
Interest Expense    
Deposits 3,832 4,121
Borrowed funds 530 353
Subordinated notes 635 250
Total interest expense 4,997 4,724
Net interest income 14,820 12,718
Provision expense for loan losses 489 422
Net interest income after provision for loan losses 14,331 12,296
Noninterest income    
Service charges on deposits 634 625
Net gain (loss) on sales of securities 529 (7)
Mortgage banking activities 2,588 1,120
Other charges and fees 939 548
Total noninterest income 4,690 2,286
Noninterest expense    
Salary and employee benefits 8,630 6,913
Occupancy and equipment expense 1,528 1,204
Professional service fees 392 362
Acquisition and due diligence fees 1,471 0
Marketing expense 222 176
Data processing expense 847 68
Printing and supplies expense 136 595
Core deposit premium amortization 192 52
Other expense 1,144 998
Total noninterest expense 14,562 10,368
Income before income taxes 4,459 4,214
Income tax provision 349 747
Net income $ 4,110 $ 3,467
Per common share data:    
Basic earnings per share (in dollars per share) $ 0.53 $ 0.45
Diluted earnings per common share (in dollars per share) 0.53 0.44
Cash dividends declared per common share (in dollars per share) $ 0.05 $ 0.04
Weighted average common shares outstanding—basic (in shares) 7,637,000 7,751,750
Weighted average common shares outstanding—diluted (in shares) 7,738,000 7,869,181
Originated    
Interest income    
Loans, including fees $ 14,039 $ 13,894
Acquired    
Interest income    
Loans, including fees $ 4,089 $ 1,757