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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income        
Interest and fees on loans $ 8,869 $ 7,722 $ 25,808 $ 21,909
Interest and dividends on investment securities (AFS & Equity):        
Taxable 1,553 1,558 4,681 4,672
Tax-exempt 456 507 1,400 1,456
Interest on trading securities       45
Interest on interest-bearing balances and other interest income 48 43 108 76
Total interest income 10,926 9,830 31,997 28,158
Interest on deposits        
Interest-bearing demand 708 351 1,518 753
Money market 92 59 212 187
Savings 423 300 1,122 837
Time 403 387 1,160 1,127
Time of $100,000 or more 442 357 1,256 1,008
Interest on short-term borrowings 154 61 534 193
Total interest expense 2,222 1,515 5,802 4,105
Net interest income 8,704 8,315 26,195 24,053
Provision for loan losses 568 100 943 700
Net interest income after provision for loan losses 8,136 8,215 25,252 23,353
Non-interest income        
Net gain on sales of investment debt and equity securities 181 178 314 1,042
Other-than-temporary impairment loss on investment securities 0 (80) 0 (80)
Unrealized gain on investment equity securities 731   526  
Net gain on trading activities       27
Fees for services to customers 419 429 1,248 1,242
ATM and debit card 476 435 1,393 1,301
Retail brokerage and advisory 96 168 304 375
Bank-owned life insurance 70 70 207 261
Merchant 85 91 241 263
Net gain on sale of loans 38 65 82 316
Other 131 114 433 328
Total non-interest income 2,227 1,470 4,748 5,075
Non-interest expense        
Salaries and employee benefits 3,612 3,514 10,584 9,837
Net occupancy 472 469 1,391 1,345
Furniture and equipment 528 475 1,578 1,360
Marketing 167 188 698 724
Third party services 473 379 1,389 1,180
Telephone, postage and supplies 170 201 524 600
State taxes 203 161 538 509
FDIC insurance premiums 146 156 467 431
Other 614 648 1,927 1,735
Total non-interest expense 6,385 6,191 19,096 17,721
Income before income taxes 3,978 3,494 10,904 10,707
Provision for income taxes 767 940 1,896 2,907
Net income $ 3,211 $ 2,554 $ 9,008 $ 7,800
Earnings per share - basic $ 0.93 $ 0.74 $ 2.60 $ 2.28
Earnings per share - diluted 0.92 0.74 2.59 2.27
Cash dividends per share $ 0.32 $ 0.31 $ 0.96 $ 0.93