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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest income      
Loans, including fees $ 56,856 $ 55,425 $ 52,228
Securities available for sale      
Taxable 7,022 5,628 5,350
Tax-exempt 254 261 332
Federal funds sold and other 1,689 676 431
Total interest income 65,821 61,990 58,341
Interest expense      
Deposits 5,444 3,855 3,884
Repurchase agreements and other 34 33 37
FHLB advances and other borrowings 237 319 466
Subordinated debt 352 295 256
Total interest expense 6,067 4,502 4,643
Net interest income 59,754 57,488 53,698
Provision for loan losses 2,315 2,499 1,748
Net interest income after provision for loan losses 57,439 54,989 51,950
Non-interest income      
Service charges on deposit accounts 4,562 4,357 4,030
Electronic banking income 3,530 3,260 3,145
Secondary market mortgage income 180 201 212
Gain on disposition of securities 0 0 4
Other 826 837 796
Total non-interest income 9,098 8,655 8,187
Non-interest expenses      
Salaries and employee benefits 19,803 19,355 19,805
Occupancy and equipment expenses 6,294 5,999 6,266
Outside data processing 5,199 5,173 5,210
Professional fees 1,506 975 784
Taxes, other than payroll, property and income 888 780 614
Write-downs, expenses, sales of other real estate owned, net 244 1,601 1,826
Loan collection expenses 746 627 435
FDIC insurance 564 675 840
Amortization of intangibles 778 974 1,139
Other expenses 4,449 4,059 4,274
Total non-interest expenses 40,471 40,218 41,193
Income before income taxes 26,066 23,426 18,944
Provision for income taxes 5,898 8,607 6,770
Net income $ 20,168 $ 14,819 $ 12,174
Earnings per share:      
Basic (in dollars per share) $ 1.48 $ 1.11 $ 0.92
Diluted (in dollars per share) 1.47 1.10 0.92
Dividends per share (in dollars per share) $ 0.57 $ 0.48 $ 0.45