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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      
Interest and fees on loans $ 40,185 $ 33,916 $ 30,798
Interest and dividends on investment securities      
Taxable 7,478 6,012 6,697
Tax-exempt 3,134 1,826 1,059
Short term investments 218 208 81
Total interest and dividend income 51,015 41,962 38,635
Interest expense      
Interest on deposits 6,134 4,811 3,606
Interest on short-term borrowings 784 187 295
Interest on long-term debt 726 419 400
Total interest expense 7,644 5,417 4,301
Net interest income 43,371 36,545 34,334
Provision for loan losses 1,000 250 (603)
Net interest income after provision for loan losses 42,371 36,295 34,937
Noninterest income      
Service charges on deposit accounts 5,675 5,445 5,226
Other service charges, commissions and fees 1,008 994 1,223
Trust and investment management income 6,400 5,091 4,598
Brokerage income 1,896 1,933 2,025
Mortgage banking activities 2,919 3,412 2,747
Earnings on life insurance 1,109 1,099 1,025
Other income 190 345 410
Investment securities gains 1,190 1,420 1,924
Total noninterest income 20,387 19,739 19,178
Noninterest expenses      
Salaries and employee benefits 30,145 26,370 24,056
Occupancy 2,806 2,491 2,221
Furniture and equipment 3,434 3,335 3,061
Data processing 2,271 2,378 2,026
Telephone and communication 647 740 692
Automated teller and interchange fees 767 748 798
Advertising and bank promotions 1,600 1,717 1,564
FDIC insurance 606 775 859
Legal fees 802 850 1,440
Other professional services 1,571 1,332 1,262
Directors' compensation 996 969 737
Collection and problem loan 186 238 447
Real estate owned 69 239 162
Taxes other than income 866 767 916
Regulatory settlement 0 1,000 0
Other operating expenses 3,564 4,191 4,366
Total noninterest expenses 50,330 48,140 44,607
Income before income tax expense 12,428 7,894 9,508
Income tax expense 4,338 1,266 1,634
Net income $ 8,090 $ 6,628 $ 7,874
Per share information:      
Basic earnings per share (in dollars per share) $ 1.00 $ 0.82 $ 0.97
Diluted earnings per share (in dollars per share) 0.98 0.81 0.97
Dividends per share (in dollars per share) $ 0.42 $ 0.35 $ 0.22