XML 112 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
INTEREST INCOME      
Interest and fees on loans $ 58,414 $ 52,151 $ 46,596
Interest on investment securities:      
Taxable 3,623 4,114 3,257
Nontaxable 536 597 657
Federal funds sold, other interest-bearing deposits, and certificates of deposit in other banks 1,125 699 267
Dividends on other investments 272 218 158
Total interest income 63,970 57,779 50,935
Interest on deposits:      
Savings, interest checking and money market 5,242 5,433 2,329
Time deposit accounts $250,000 and over 2,110 1,272 469
Time deposits 3,026 2,132 1,755
Total interest expense on deposits 10,378 8,837 4,553
Interest on federal funds purchased and securities sold under agreements to repurchase 140 603 113
Interest on Federal Home Loan Bank advances 2,338 1,517 1,590
Interest on subordinated notes 2,376 2,229 1,751
Total interest expense on borrowings 4,854 4,349 3,454
Total interest expense 15,232 13,186 8,007
Net interest income 48,738 44,593 42,928
Provision for loan losses 1,150 1,475 1,765
Net interest income after provision for loan losses 47,588 43,118 41,163
NON-INTEREST INCOME      
Gain on sale of mortgage loans, net 771 721 770
Other 218 170 252
Total non-interest income 8,937 9,341 8,950
Investment securities (losses) gains, net (40) 255 5
Gain on branch sale, net 2,183 0 0
NON-INTEREST EXPENSE      
Salaries and employee benefits 21,597 23,104 21,719
Occupancy expense, net 3,122 2,957 2,782
Furniture and equipment expense 2,847 3,001 2,683
Processing, network, and bank card expense 3,882 3,484 3,643
Legal, examination, and professional fees 1,211 1,223 1,308
Advertising and promotion 1,256 1,233 1,255
Postage, printing, and supplies 871 996 925
Other 3,945 4,334 4,487
Total non-interest expense 38,731 40,332 38,802
Income before income taxes 19,937 12,382 11,316
Income tax expense 3,823 1,668 7,902
Net income $ 16,114 $ 10,714 $ 3,414
Basic earnings per share (in dollars per share) $ 2.57 $ 1.71 $ 0.54
Diluted earnings per share (in dollars per share) $ 2.57 $ 1.71 $ 0.54
Service charges and other fees      
NON-INTEREST INCOME      
Income from fees $ 3,611 $ 3,736 $ 3,437
Bank card income and fees      
NON-INTEREST INCOME      
Income from fees 3,061 2,754 2,614
Trust department income      
NON-INTEREST INCOME      
Income from fees 1,237 1,166 1,137
Real estate servicing fees, net      
NON-INTEREST INCOME      
Income from fees $ 39 $ 794 $ 740