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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 $ 42,182 $ 36,266 $ 33,481
Securities:      
Taxable 2,116 1,961 1,849
Tax exempt 411 445 526
Dividends 392 302 293
Other interest 607 374 185
45,708 39,348 36,334
Expenses:      
Deposits 2,843 2,154 2,191
Other borrowed funds 884 664 478
Subordinated debentures 248 204 170
3,975 3,022 2,839
Net interest income 41,733 36,326 33,495
Provision for loan losses 2,564 2,826 1,090
Net interest income after provision for loan losses 39,169 33,500 32,405
Noninterest income:      
Service charges on deposit accounts 2,137 1,977 1,573
Trust fees 240 227 221
Income from bank owned life insurance and annuity assets 1,226 725 681
Mortgage banking income 265 227 242
Electronic refund check / deposit fees 1,692 2,048 2,371
Debit / credit card interchange income 3,376 2,594 2,399
Gain (loss) on other real estate owned (189) (467) 99
Gain on sale of securities 163
Other 688 908 848
9,435 8,239 8,597
Noninterest expense:      
Salaries and employee benefits 20,809 18,874 17,498
Occupancy 1,770 1,846 1,599
Furniture and equipment 1,049 922 801
Professional fees 1,792 1,362 1,375
Marketing expense 1,034 915 860
FDIC insurance 465 455 583
Data processing 2,081 1,455 1,259
Software 1,486 1,316 1,123
Foreclosed assets 499 357 347
Amortization of intangibles 156 68
Merger related expenses 39 930
Other 5,429 4,399 4,174
36,609 32,899 29,619
Income before income taxes 11,995 8,840 11,383
Income tax benefit 4,486 1,920 2,809
NET INCOME $ 7,509 $ 6,920 $ 8,574
Earnings per share (in dollars per share) $ 1.60 $ 1.59 $ 2.08