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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 income        
Loans, including fees $ 13,731 $ 13,469 $ 41,449 $ 41,667
Securities available for sale        
Taxable 1,745 1,427 4,787 4,236
Tax-exempt 52 62 166 198
Federal funds sold and other 473 176 1,151 515
Total interest income 16,001 15,134 47,553 46,616
Interest expense        
Deposits 1,355 954 3,583 2,854
Repurchase agreements and other 10 7 25 21
Other borrowings 37 68 125 234
Subordinated debt 90 74 257 218
Total interest expense 1,492 1,103 3,990 3,327
Net interest income 14,509 14,031 43,563 43,289
Provision for loan losses 275 891 1,890 2,033
Net interest income after provision for loan losses 14,234 13,140 41,673 41,256
Non-interest income        
Service charges on deposit accounts 1,183 1,136 3,343 3,201
Electronic banking income 968 811 2,677 2,424
Secondary market mortgage income 29 67 142 173
Other 257 163 572 530
Total non-interest income 2,437 2,177 6,734 6,328
Non-interest expenses        
Salaries and employee benefits 4,846 4,760 14,667 14,703
Occupancy and equipment expenses 1,570 1,511 4,660 4,481
Outside data processing 1,315 1,344 3,841 4,019
Professional fees 526 196 1,261 721
Taxes, other than payroll, property and income 217 189 669 589
Write-downs, expenses, sales of other real estate owned, net 26 346 (335) 1,139
Amortization of intangibles 190 252 575 768
FDIC insurance 171 159 443 506
Other expenses 1,306 1,168 3,833 3,401
Total non-interest expenses 10,167 9,925 29,614 30,327
Income before income taxes 6,504 5,392 18,793 17,257
Provision for income taxes 1,483 1,925 4,264 6,207
Net income $ 5,021 $ 3,467 $ 14,529 $ 11,050
Net income per share:        
Basic (in dollars per share) $ 0.38 $ 0.26 $ 1.09 $ 0.83
Diluted (in dollars per share) $ 0.37 $ 0.26 $ 1.08 $ 0.82