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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest and Dividend Income      
Loans, including fees $ 49,611 $ 44,919 $ 41,386
Interest and dividends on investment securities 3,906 3,108 2,473
Interest on deposits with banks 53 20 14
Total interest and dividend income 53,570 48,047 43,873
Interest Expense      
Deposits 5,946 4,695 4,152
Short-term borrowings 1,057 196 37
Long-term debt 3,179 3,251 3,156
Total interest expense 10,182 8,142 7,345
Net interest income 43,388 39,905 36,528
Provision for loan losses 1,010 2,359 1,433
Net interest income after provision for loan losses 42,378 37,546 35,095
Noninterest Income      
Loan appraisal, credit, and miscellaneous charges 157 289 315
Gain on sale of assets 47 12 19
Net gains (losses) on sale of OREO 43 (436) (20)
Net gain on sale of investment securities 175 31 4
Loss on premises and equipment held for sale     (426)
Income from bank owned life insurance 773 789 815
Service charges 2,595 2,675 2,488
Gain on sale of loans held for sale 294   104
Total noninterest income 4,084 3,360 3,299
Noninterest Expense      
Salary and employee benefits 16,758 16,810 16,366
Occupancy expense 2,632 2,488 2,427
Advertising 543 647 583
Data processing expense 2,354 2,267 2,044
Professional fees 1,662 1,568 1,323
Merger and acquisition costs 829    
Depreciation of premises and equipment 786 812 810
Telephone communications 191 174 188
Office supplies 119 136 157
FDIC insurance 638 739 799
OREO valuation allowance and expenses 746 861 1,059
Other 2,839 2,657 2,662
Total noninterest expense 30,097 29,159 28,418
Income before income taxes 16,365 11,747 9,976
Income tax expense 9,157 4,416 3,633
Net income 7,208 7,331 6,343
Preferred stock dividends     23
Net income available to common shareholders $ 7,208 $ 7,331 $ 6,320
Earnings Per Common Share      
Basic (in dollars per share) $ 1.56 $ 1.59 $ 1.36
Diluted (in dollars per share) 1.56 1.59 1.35
Cash dividends paid per common share (in dollars per share) $ 0.40 $ 0.40 $ 0.40