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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
INTEREST INCOME        
Loans $ 13,199 $ 10,646 $ 25,562 $ 20,892
Interest bearing deposits at banks 15 43 25 55
Securities:        
Taxable 863 563 1,660 999
Non-taxable 170 210 366 434
Total interest income 14,247 11,462 27,613 22,380
INTEREST EXPENSE        
Deposits 1,759 1,190 3,257 2,306
Other borrowings 160 50 458 108
Junior subordinated debentures 132 104 250 204
Total interest expense 2,051 1,344 3,965 2,618
NET INTEREST INCOME 12,196 10,118 23,648 19,762
PROVISION (CREDIT) FOR LOAN LOSSES 659 410 1,426 (25)
NET INTEREST INCOME (EXPENSE) AFTER PROVISION FOR LOAN LOSSES 11,537 9,708 22,222 19,787
NON-INTEREST INCOME        
Deposit service charges 525 428 1,034 818
Insurance service and fees 1,952 1,912 3,917 4,080
Gain on loans sold   52   70
Bank-owned life insurance 178 142 349 272
Loss on tax credit investment   (919)   (919)
Refundable state historic tax credit   647   647
Interchange fee income 420 379 912 723
Other 564 448 1,213 920
Total non-interest income 3,639 3,089 7,425 6,611
NON-INTEREST EXPENSE        
Salaries and employee benefits 6,475 5,959 13,102 11,605
Occupancy 727 775 1,485 1,550
Advertising and public relations 326 216 450 406
Professional services 626 550 1,279 1,152
Technology and communications 847 804 1,611 1,411
Amortization of intangibles 28 28 56 56
FDIC insurance 246 129 478 356
Other 958 856 1,943 1,836
Total non-interest expense 10,233 9,317 20,404 18,372
INCOME BEFORE INCOME TAXES 4,943 3,480 9,243 8,026
INCOME TAX PROVISION 1,152 862 2,133 2,262
NET INCOME $ 3,791 $ 2,618 $ 7,110 $ 5,764
Net income per common share-basic $ 0.79 $ 0.55 $ 1.48 $ 1.23
Net income per common share-diluted 0.77 0.54 1.44 1.20
Cash dividends per common share $ 0.46 $ 0.40
Weighted average number of common shares outstanding 4,810,487 4,764,080 4,799,229 4,699,447
Weighted average number of diluted shares outstanding 4,933,522 4,880,454 4,926,385 4,819,375