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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
INTEREST INCOME        
Interest and fees on loans $ 14,806 $ 13,252 $ 43,662 $ 38,329
Interest on investment securities:        
Taxable 831 1,089 2,857 3,141
Nontaxable 119 146 408 451
Federal funds sold, other interest-bearing deposits, and certificates of deposit in other banks 103 205 897 500
Dividends on other investments 66 59 199 162
Total interest income 15,925 14,751 48,023 42,583
Interest on deposits:        
Savings, interest checking and money market 1,047 1,468 4,217 3,899
Time deposit accounts $250,000 and over 475 391 1,761 825
Time deposits 801 520 2,268 1,566
Total interest expense on deposits 2,323 2,379 8,246 6,290
Interest on federal funds purchased and securities sold under agreements to repurchase 34 166 110 526
Interest on Federal Home Loan Bank advances 619 314 1,699 1,042
Interest on subordinated notes 588 584 1,821 1,635
Total interest expense on borrowings 1,241 1,064 3,630 3,203
Total interest expense 3,564 3,443 11,876 9,493
Net interest income 12,361 11,308 36,147 33,090
Provision for loan losses 450 250 850 1,000
Net interest income after provision for loan losses 11,911 11,058 35,297 32,090
NON-INTEREST INCOME        
Gain on sale of mortgage loans, net 215 205 499 592
Other 55 50 157 113
Total non-interest income 2,424 2,364 6,637 6,970
Investment securities (loss) gain, net (40) 50 (40) 256
Gain on branch sale, net 109   2,183 0
NON-INTEREST EXPENSE        
Salaries and employee benefits 5,366 5,543 16,220 17,413
Occupancy expense, net 909 749 2,348 2,162
Furniture and equipment expense 671 785 2,166 2,104
Processing, network, and bank card expense 893 841 2,867 2,589
Legal, examination, and professional fees 316 289 948 913
Advertising and promotion 343 297 884 840
Postage, printing, and supplies 181 256 650 749
Other 911 1,168 3,066 3,368
Total non-interest expense 9,590 9,928 29,149 30,138
Income before income taxes 4,814 3,544 14,928 9,178
Income tax expense 954 446 2,882 1,083
Net income $ 3,860 $ 3,098 $ 12,046 $ 8,095
Basic earnings per share (in dollars per share) $ 0.62 $ 0.49 $ 1.92 $ 1.29
Diluted earnings per share (in dollars per share) $ 0.62 $ 0.49 $ 1.92 $ 1.29
Service charges and other fees        
NON-INTEREST INCOME        
Income from fees $ 953 $ 942 $ 2,701 $ 2,760
Bank card income and fees        
NON-INTEREST INCOME        
Income from fees 794 699 2,282 2,064
Trust department income        
NON-INTEREST INCOME        
Income from fees 371 276 960 867
Real estate servicing fees, net        
NON-INTEREST INCOME        
Income from fees $ 36 $ 192 $ 38 $ 574