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Consolidated Statement of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Interest on investment securities    
Interest and fees on loans $ 45,073 $ 39,635
Interest on investment securities: Taxable 5,820 5,554
Interest on investment securities: Exempt from federal income tax 949 925
Total investment income 6,769 6,479
Other 452 835
Total interest income 52,294 46,949
Interest expense    
Interest on deposits 4,246 3,291
Interest on short-term borrowings 525 73
Interest on long-term borrowings 3,341 4,007
Total interest expense 8,112 7,371
Net interest income 44,182 39,578
Provision for loan losses 2,111 2,534
Net interest income after provision for loan losses 42,071 37,044
Other operating income    
Net gains 127 29
Total net gains 127 29
Service charges on deposit accounts 2,275 2,308
Other service charges 877 837
Trust department 6,692 6,246
Debit card income 2,534 2,389
Bank owned life insurance 1,162 1,187
Brokerage commissions 1,078 872
Other 423 472
Total other income 15,041 14,311
Total other operating income 15,168 14,340
Other operating expenses    
Salaries and employee benefits 24,170 22,239
FDIC premiums 639 634
Equipment 3,160 2,610
Occupancy 2,551 2,496
Data processing 3,858 3,511
Marketing 530 536
Professional services 1,255 985
Other real estate owned expenses 1,456 190
Contract labor 723 683
Telephony Expense 841 820
Other 4,625 4,466
Total other operating expenses 43,808 39,170
Income before income tax expense 13,431 12,214
Provision for income tax expense (2017 includes $3,226 from tax reform impact) 2,764 6,945
Net Income 10,667 5,269
Accumulated preferred stock dividends 0 (1,215)
Net Income Available to Common Shareholders $ 10,667 $ 4,054
Basic and diluted net income per common share $ 1.51 $ 0.58
Weighted average number of basic and diluted shares outstanding 7,079 6,932