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Unaudited Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest Income    
Interest and fees on loans $ 12,469 $ 11,722
Interest on investment securities:    
Taxable 2,025 1,900
Nontaxable 475 591
Interest on deposits in other banks 269 142
Interest on federal funds sold and money market mutual funds 106 24
Total interest income 15,344 14,379
Interest Expense    
Interest on deposits 586 533
Interest on securities sold under agreements to repurchase 19 25
Interest on Federal Home Loan Bank advances 28 160
Interest on subordinated notes payable to unconsolidated trusts 254 198
Total interest expense 887 916
Net interest income 14,457 13,463
Provision for loan losses (261) 580
Net interest income after provision for loan losses 14,718 12,883
Noninterest Income    
Net loss on sales of available for sale investment securities [1] 0 (9)
Gain on sale of mortgage loans, net [1] 95 154
Income from company-owned life insurance [1] 293 235
Other 20 122
Total noninterest income 5,201 5,251
Noninterest Expense    
Salaries and employee benefits 7,490 7,860
Occupancy expenses, net 1,254 1,214
Equipment expenses 601 553
Data processing and communication expenses 1,083 1,293
Bank franchise tax 500 557
Deposit insurance expense 126 137
Other real estate expenses, net 117 74
Other 1,947 1,841
Total noninterest expense 13,118 13,529
Income before income taxes 6,801 4,605
Income tax expense 1,160 1,276
Net income $ 5,641 $ 3,329
Per Common Share    
Net income – basic and diluted (in dollars per share) $ 0.75 $ 0.44
Cash dividends declared (in dollars per share) $ 0.125 $ 0.10
Weighted Average Common Shares Outstanding    
Basic and diluted (in shares) 7,518 7,510
Deposit Account [Member]    
Noninterest Income    
Service charges, commissions, fees, and trust income $ 1,912 $ 1,958
Allotment Processing Fees [Member]    
Noninterest Income    
Service charges, commissions, fees, and trust income 720 715
Financial Service, Other [Member]    
Noninterest Income    
Service charges, commissions, fees, and trust income 1,372 1,372
Fiduciary and Trust [Member]    
Noninterest Income    
Service charges, commissions, fees, and trust income $ 789 $ 704
[1] Not within the scope of ASC Topic 606.