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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income    
Loans $ 25,856 $ 22,759
Loans held for sale 1,007 858
Securities available for sale, nontaxable 307 388
Securities available for sale, taxable 1,263 1,215
Securities held to maturity, nontaxable 75 51
Securities held to maturity, taxable 379 422
Federal Home Loan Bank stock dividends 290 280
Other interest earning assets 224 77
Total interest income 29,401 26,050
Interest expense    
Deposits 6,574 3,097
Federal Home Loan Bank advances 641 1,420
Total interest expense 7,215 4,517
Net interest income 22,186 21,533
Provision for loan losses 61 407
Net interest income after provision for loan losses 22,125 21,126
Non-interest income    
Insurance agency income 701 577
Brokerage income 370 272
Mortgage servicing fees 873 812
Mortgage servicing rights valuation (499) 9
Mortgage servicing rights amortization (446) (500)
Net Gains (losses):    
Trading securities, including change in fair value 64  
Securities available for sale (includes $144 and $139, respectively, accumulated other comprehensive income reclassifications for unrealized net gains on available for sale securities) 144 139
Mortgage banking income 1,676 1,358
Real estate owned and other repossessed assets, net (31) (78)
Increase in cash surrender value of life insurance 385 434
Other income 58 40
Total non-interest income 6,073 5,819
Non-interest expense    
Salaries and employee benefits 10,575 9,998
Occupancy 1,046 1,100
Equipment and data processing 2,292 2,154
Financial institutions tax 509 496
Advertising 390 235
Amortization of intangible assets 127 113
FDIC insurance premiums 331 290
Other insurance premiums 76 109
Legal and consulting fees 60 299
Other professional fees 587 391
Supervisory fees 34 42
Real estate owned and other repossessed asset expenses 39 36
Other expenses 1,608 1,337
Total non-interest expenses 17,674 16,600
Income before income taxes 10,524 10,345
Income tax expense (includes $30 and $29 income tax expense from reclassification items) 1,868 1,789
Net income 8,656 8,556
Other comprehensive (loss) income    
Unrealized gain (loss) on securities, available for sale, net of reclassifications and tax of $794 and $1,068, respectively 2,996 (4,020)
Accretion of unrealized losses on securities transferred from available for sale to held to maturity, net of tax of $7 and $8, respectively 24 30
Total other comprehensive income (loss) 3,020 (3,990)
Comprehensive income $ 11,676 $ 4,566
Earnings per share    
Basic $ 0.18 $ 0.17
Diluted $ 0.18 $ 0.17
Deposit Account [Member]    
Non-interest income    
Deposit related fees $ 1,341 $ 1,300
Financial Service, Other [Member]    
Non-interest income    
Deposit related fees 38 38
Credit and Debit Card [Member]    
Non-interest income    
Deposit related fees 934 949
Fiduciary and Trust [Member]    
Non-interest income    
Deposit related fees $ 465 $ 469