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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest and dividend income        
Interest and fees on loans $ 10,337,000 $ 8,631,000 $ 29,392,000 $ 25,006,000
Interest and dividends on investment securities        
Taxable 1,925,000 1,544,000 5,518,000 4,376,000
Tax-exempt 758,000 437,000 2,344,000 1,319,000
Short-term investments 78,000 42,000 142,000 186,000
Total interest and dividend income 13,098,000 10,654,000 37,396,000 30,887,000
Interest expense        
Interest on deposits 1,619,000 1,295,000 4,429,000 3,625,000
Interest on short-term borrowings 182,000 21,000 543,000 112,000
Interest on long-term debt 216,000 104,000 388,000 315,000
Total interest expense 2,017,000 1,420,000 5,360,000 4,052,000
Net interest income 11,081,000 9,234,000 32,036,000 26,835,000
Provision for loan losses 100,000 250,000 200,000 250,000
Net interest income after provision for loan losses 10,981,000 8,984,000 31,836,000 26,585,000
Noninterest income        
Service charges on deposit accounts 1,437,000 1,370,000 4,224,000 4,045,000
Other service charges, commissions and fees 205,000 188,000 697,000 637,000
Trust and investment management income 1,551,000 1,247,000 4,620,000 3,771,000
Brokerage income 424,000 459,000 1,409,000 1,485,000
Mortgage banking activities 797,000 1,012,000 2,113,000 2,381,000
Earnings on life insurance 275,000 272,000 814,000 810,000
Other income 34,000 20,000 147,000 221,000
Investment securities gains 533,000 0 1,190,000 1,420,000
Total noninterest income 5,256,000 4,568,000 15,214,000 14,770,000
Noninterest expenses        
Salaries and employee benefits 7,544,000 6,823,000 22,366,000 19,318,000
Occupancy expense 639,000 683,000 2,101,000 1,801,000
Furniture and equipment 937,000 782,000 2,499,000 2,316,000
Data processing 527,000 532,000 1,702,000 1,686,000
Telephone and communication 221,000 206,000 536,000 572,000
Automated teller and interchange fees 196,000 157,000 568,000 555,000
Advertising and bank promotions 325,000 433,000 1,103,000 1,244,000
FDIC insurance 139,000 143,000 454,000 598,000
Legal fees 565,000 298,000 826,000 704,000
Other professional services 380,000 287,000 1,112,000 971,000
Directors' compensation 254,000 242,000 745,000 730,000
Collection and problem loan 56,000 39,000 134,000 187,000
Real estate owned 41,000 94,000 49,000 195,000
Taxes other than income 211,000 186,000 659,000 594,000
Regulatory settlement 0 0 0 1,000,000
Other operating expenses 1,052,000 1,080,000 2,796,000 3,193,000
Total noninterest expenses 13,087,000 11,985,000 37,650,000 35,664,000
Income before income tax expense 3,150,000 1,567,000 9,400,000 5,691,000
Income tax expense 376,000 125,000 1,316,000 991,000
Net income $ 2,774,000 $ 1,442,000 $ 8,084,000 $ 4,700,000
Per share information:        
Basic earnings per share (in usd per share) $ 0.34 $ 0.18 $ 1.00 $ 0.58
Diluted earnings per share (in usd per share) 0.34 0.18 0.98 0.58
Dividends per share (in usd per share) $ 0.1 $ 0.09 $ 0.3 $ 0.26