XML 16 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
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 and fees on loans        
Taxable $ 21,154 $ 19,387 $ 62,196 $ 54,487
Tax-exempt 141 103 428 391
Interest and dividends on securities        
Taxable 1,227 1,283 3,838 3,742
Tax-exempt 1,140 1,114 3,222 2,855
Interest on interest bearing deposits with other banks 138 149 412 466
Total interest income 23,800 22,036 70,096 61,941
Interest expense        
Interest on deposits 4,714 2,963 12,572 7,987
Interest on short-term borrowings 1,437 1,160 4,084 3,233
Interest on long-term borrowings and subordinated debentures 436 681 1,695 2,012
Total interest expense 6,587 4,804 18,351 13,232
Net interest income 17,213 17,232 51,745 48,709
Provision for loan losses 500 375 1,750 875
Net interest income after provision for loan losses 16,713 16,857 49,995 47,834
Noninterest income        
Insurance commissions 1,062 1,043 3,188 3,000
Realized securities gains, net 8 26 828 58
Bank owned life insurance income 250 255 773 758
Other 196 187 656 531
Total noninterest income 4,211 4,000 13,235 10,496
Noninterest expenses        
Salaries, commissions and employee benefits 6,806 6,610 20,550 18,555
Net occupancy expense 856 847 2,528 2,239
Equipment expense 1,118 1,093 3,271 2,859
Professional fees 503 373 1,222 1,012
Marketing and Advertising Expense 170 137 461 393
Amortization of intangibles 413 448 1,261 974
FDIC premiums 210 310 690 815
Bank card expense 384 395 1,080 1,113
Foreclosed properties expense, net of losses 169 233 843 824
Business Combination, Acquisition Related Costs 86 11 86 1,575
Write-downs of foreclosed properties     458 538
Litigation Settlement 0 0 0 9,900
Other 1,643 1,990 5,415 5,140
Total noninterest expenses 12,358 12,447 37,407 45,399
Income before income tax expense 8,566 8,410 25,823 12,931
Income tax expense 1,667 2,480 5,201 3,339
Net income $ 6,899 $ 5,930 $ 20,622 $ 9,592
Basic earnings per common share $ 0.56 $ 0.48 $ 1.67 $ 0.81
Diluted earnings per common share $ 0.55 $ 0.48 $ 1.66 $ 0.81
Fiduciary and Trust [Member]        
Noninterest income        
Revenue from Contract with Customer, Including Assessed Tax $ 687 $ 589 $ 2,026 $ 1,284
Deposit Account [Member]        
Noninterest income        
Revenue from Contract with Customer, Including Assessed Tax 1,215 1,162 3,421 2,910
Credit and Debit Card [Member]        
Noninterest income        
Revenue from Contract with Customer, Including Assessed Tax $ 793 $ 738 $ 2,343 $ 1,955