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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Interest income:    
Loans $ 63,137 $ 60,279
Investment securities 11,459 12,236
Other investments 972 786
Total interest income 75,568 73,301
Interest expense:    
Deposits 13,463 11,015
Advances from the Federal Home Loan Bank 3,346 2,010
Securities sold under agreements to repurchase 218 504
Total interest expense 17,027 13,529
Net interest income 58,541 59,772
Provision for loan losses 61 119
Net interest income after provision for loan losses 58,480 59,653
Noninterest income:    
Service fees on loan and deposit accounts 1,937 1,886
Income on bank-owned life insurance 835 865
Gain on sale of investment securities 2,910 45
Gain on sale of loans 1,540 72
Other 610 296
Total noninterest income 7,832 3,164
Noninterest expense:    
Salaries and employee benefits 22,580 22,159
Occupancy 6,400 6,324
Equipment 4,183 3,980
Federal deposit insurance premiums 288 608
Other general and administrative expenses 4,555 4,423
Total noninterest expense 38,006 37,494
Income before income taxes 28,306 25,323
Income taxes 6,311 6,111
Net income $ 21,995 $ 19,212
Basic earnings per share (in dollars per share) $ 2.38 $ 2.07
Diluted earnings per share (in dollars per share) 2.34 2.03
Cash dividends declared per common share (in dollars per share) $ 1.49 $ 1.14
Basic weighted-average shares outstanding (in shares) 9,196,674 9,219,123
Diluted weighted-average shares outstanding (in shares) 9,325,614 9,400,395