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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
INTEREST INCOME        
Loans $ 11,659 $ 9,620 $ 32,551 $ 27,228
Interest-bearing deposits at banks 7 1 62 45
Securities:        
Taxable 706 385 1,705 1,323
Non-taxable 202 235 636 695
Total interest income 12,574 10,241 34,954 29,291
INTEREST EXPENSE        
Deposits 1,252 977 3,558 2,972
Other borrowings 116 100 224 201
Junior subordinated debentures 111 95 315 273
Total interest expense 1,479 1,172 4,097 3,446
NET INTEREST INCOME 11,095 9,069 30,857 25,845
PROVISION FOR LOAN LOSSES 161 1,006 136 838
NET INTEREST INCOME (EXPENSE) AFTER PROVISION FOR LOAN LOSSES 10,934 8,063 30,721 25,007
NON-INTEREST INCOME        
Deposit service charges 448 475 1,266 1,321
Insurance service and fees 2,169 1,855 6,249 5,175
Gain on loans sold 61 35 131 79
Bank-owned life insurance 128 144 400 421
Loss on tax credit investments (1,338)   (2,257) (2,139)
Refundable state historic tax credit 972   1,619 1,508
Interchange fee income 379 319 1,102 977
Other 546 507 1,466 1,267
Total non-interest income 3,365 3,335 9,976 8,609
NON-INTEREST EXPENSE        
Salaries and employee benefits 6,343 5,402 18,089 16,383
Occupancy 805 732 2,355 2,171
Advertising and public relations 311 232 717 707
Professional services 514 535 1,666 1,771
Technology and communications 730 504 2,141 1,653
Amortization of intangibles 28   84  
FDIC insurance 195 201 551 542
Other 910 1,105 2,605 2,731
Total non-interest expense 9,836 8,711 28,208 25,958
INCOME BEFORE INCOME TAXES 4,463 2,687 12,489 7,658
INCOME TAX PROVISION 740 471 3,002 1,725
NET INCOME $ 3,723 $ 2,216 $ 9,487 $ 5,933
Net income per common share-basic $ 0.78 $ 0.52 $ 2.01 $ 1.39
Net income per common share-diluted 0.76 0.51 1.96 1.37
Cash dividends per common share $ 0.40 $ 0.38 $ 0.80 $ 0.76
Weighted average number of common shares outstanding 4,774,602 4,287,124 4,724,774 4,278,171
Weighted average number of diluted shares outstanding 4,896,967 4,362,479 4,845,664 4,345,307