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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income        
Loans, including fees $ 36,765,000 $ 31,855,000 $ 72,555,000 $ 64,170,000
Securities, taxable 1,945,000 1,618,000 3,825,000 3,220,000
Securities, tax-exempt 540,000 559,000 1,101,000 1,153,000
Other interest-earning assets 569,000 287,000 976,000 757,000
Total interest income 39,819,000 34,319,000 78,457,000 69,300,000
Interest expense        
Deposits 5,529,000 3,262,000 10,334,000 6,347,000
Short-term borrowings 68,000 61,000 173,000 118,000
Federal Home Loan Bank advances 2,261,000 988,000 4,494,000 1,933,000
Subordinated debentures and other borrowings 845,000 783,000 1,695,000 1,478,000
Total interest expense 8,703,000 5,094,000 16,696,000 9,876,000
Net interest income 31,116,000 29,225,000 61,761,000 59,424,000
Provision for loan losses 900,000 700,000 1,750,000 700,000
Net interest income after provision for loan losses 30,216,000 28,525,000 60,011,000 58,724,000
Noninterest income:        
Earnings on bank owned life insurance 1,608,000 321,000 3,238,000 652,000
Payroll services income 355,000 317,000 860,000 800,000
Other income 370,000 504,000 1,397,000 891,000
Total noninterest income 6,334,000 4,550,000 12,967,000 8,931,000
Noninterest expense        
Salaries and benefits 13,286,000 12,757,000 26,302,000 25,094,000
Occupancy 1,629,000 1,629,000 3,391,000 3,401,000
Furniture and equipment depreciation, rent and maintenance 621,000 582,000 1,257,000 1,130,000
Data processing costs 2,295,000 2,137,000 4,511,000 4,265,000
Other expense 4,256,000 4,309,000 8,456,000 8,671,000
Total noninterest expenses 22,087,000 21,414,000 43,917,000 42,561,000
Income before federal income tax expense 14,463,000 11,661,000 29,061,000 25,094,000
Federal income tax expense 2,748,000 2,215,000 5,522,000 4,767,000
Net income $ 11,715,000 $ 9,446,000 $ 23,539,000 $ 20,327,000
Basic earnings per share (in dollars per share) $ 0.71 $ 0.57 $ 1.43 $ 1.22
Diluted earnings per share (in dollars per share) 0.71 0.57 1.43 1.22
Cash dividends per common share (in dollars per share) $ 0.26 $ 0.22 $ 0.52 $ 0.44
Average basic shares outstanding (in shares) 16,428,187 16,601,400 16,428,875 16,598,274
Average diluted shares outstanding (in shares) 16,434,714 16,610,819 16,434,941 16,607,593
Deposit Account [Member]        
Noninterest income:        
Noninterest income $ 1,143,000 $ 1,079,000 $ 2,220,000 $ 2,132,000
Credit and Debit Card [Member]        
Noninterest income:        
Noninterest income 1,513,000 1,334,000 2,850,000 2,577,000
Mortgage Banking [Member]        
Noninterest income:        
Noninterest income $ 1,345,000 $ 995,000 $ 2,402,000 $ 1,879,000