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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest income        
Interest and fees on loans $ 8,512 $ 7,115 $ 16,939 $ 14,187
Interest and dividends on investment securities (AFS & Equity):        
Taxable 1,551 1,551 3,128 3,114
Tax-exempt 461 484 944 949
Interest on trading securities   16   45
Interest on interest-bearing balances and other interest income 38 26 60 33
Total interest income 10,562 9,192 21,071 18,328
Interest on deposits        
Interest-bearing demand 436 228 810 402
Money market 62 76 120 128
Savings 369 278 699 537
Time 379 372 757 740
Time of $100,000 or more 415 328 814 651
Interest on short-term borrowings 201 52 380 132
Total interest expense 1,862 1,334 3,580 2,590
Net interest income 8,700 7,858 17,491 15,738
Provision for loan losses 187 300 375 600
Net interest income after provision for loan losses 8,513 7,558 17,116 15,138
Non-interest income        
Net gain on sales of investment debt and equity securities 48 115 133 864
Unrealized gain (loss) on investment equity securities 41   (205)  
Net gain on trading activities   10   27
Fees for services to customers 408 421 829 813
ATM and debit card 487 449 917 866
Retail brokerage and advisory 105 104 208 207
Bank-owned life insurance 69 120 137 191
Merchant 82 92 156 172
Net gain on sale of loans 37 201 44 251
Other 177 103 302 214
Total non-interest income 1,454 1,615 2,521 3,605
Non-interest expense        
Salaries and employee benefits 3,627 3,237 6,972 6,323
Net occupancy 448 425 919 876
Furniture and equipment 563 456 1,050 885
Marketing 221 307 531 536
Third party services 506 407 916 801
Telephone, postage and supplies 173 199 354 399
State taxes 164 155 335 348
FDIC insurance premiums 146 134 321 275
Other 685 622 1,313 1,087
Total non-interest expense 6,533 5,942 12,711 11,530
Income before income taxes 3,434 3,231 6,926 7,213
Provision for income taxes 572 845 1,129 1,967
Net income $ 2,862 $ 2,386 $ 5,797 $ 5,246
Earnings per share - basic $ 0.83 $ 0.70 $ 1.68 $ 1.53
Earnings per share - diluted 0.82 0.69 1.67 1.53
Cash dividends per share $ 0.32 $ 0.31 $ 0.64 $ 0.62