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Unaudited Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest Income    
Loans, including fees $ 11,622 $ 10,825
Interest-bearing time deposits in other banks 417 149
Interest-bearing deposits in other banks 538 366
Total interest income 12,577 11,340
Interest Expense    
Deposits 2,224 1,419
Other borrowings 0 60
Total interest expense 2,224 1,479
Net Interest Income 10,353 9,861
Provision for Loan Losses 0 100
Net Interest Income After Provision for Loan Losses 10,353 9,761
Noninterest Income    
Secondary market income 37 40
Service charges on deposit accounts 60 80
Other 126 144
Total noninterest income 223 264
Noninterest Expense    
Salaries and employee benefits 2,171 2,150
Furniture and equipment 159 157
Occupancy 343 291
Data and item processing 262 233
Accounting, marketing and legal fees 147 34
Regulatory assessments 32 126
Advertising and public relations 186 187
Travel, lodging and entertainment 42 193
Other 413 305
Total noninterest expense 3,755 3,676
Income Before Taxes 6,821 6,349
Income tax expense 1,705 0
Net Income $ 5,116 $ 6,349
Earnings per common share - basic and diluted (in dollars per share) $ 0.50 $ 0.87
Weighted average common shares outstanding - basic and diluted (in shares) 10,187,500 7,287,500