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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest Income      
Loans, including fees $ 44,279 $ 41,450 $ 32,254
Interest-bearing time deposits in other banks 588 592 574
Interest-bearing deposits in other banks 1,933 828 325
Total interest income 46,800 42,870 33,153
Interest Expense      
Deposits 6,994 4,502 3,041
Other borrowings 175 237 262
Total interest expense 7,169 4,739 3,303
Net Interest Income 39,631 38,131 29,850
Provision for Loan Losses 200 1,246 1,554
Net Interest Income After Provision for Loan Losses 39,431 36,885 28,296
Noninterest Income      
Secondary market income 212 183 56
Service charges on deposit accounts 347 336 346
Other 772 916 1,241
Total noninterest income 1,331 1,435 1,643
Noninterest Expense      
Salaries and employee benefits 8,113 7,611 6,516
Furniture and equipment 684 831 693
Occupancy 1,310 1,049 1,006
Data and item processing 966 891 949
Accounting, marketing and legal fees 305 284 246
Regulatory assessments 542 450 638
Advertising and public relations 553 433 534
Travel, lodging and entertainment 699 1,041 543
Other 1,793 1,941 1,997
Total noninterest expense 14,965 14,531 13,122
Income Before Taxes 25,797 23,789 16,817
Income tax expense 797 0 0
Net Income $ 25,000 $ 23,789 $ 16,817
Basic earnings per common share (in dollars per share) $ 3.08 $ 3.26 $ 2.31
Diluted earnings per common share (in dollars per share) $ 3.03 $ 3.26 $ 2.31
Weighted average common shares outstanding - basic (in shares) 8,105,856 7,287,500 7,287,500
Weighted average common shares outstanding - diluted (in shares) 8,237,638 7,287,500 7,287,500