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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest and dividend income        
Interest and fees on loans $ 11,731 $ 9,851 $ 22,787 $ 19,055
Interest and dividends on investment securities        
Taxable 2,539 1,766 4,832 3,593
Tax-exempt 1,008 805 1,879 1,586
Short-term investments 46 46 101 64
Total interest and dividend income 15,324 12,468 29,599 24,298
Interest expense        
Interest on deposits 2,161 1,484 3,985 2,810
Interest on short-term borrowings 402 189 765 361
Interest on long-term debt 408 77 812 172
Total interest expense 2,971 1,750 5,562 3,343
Net interest income 12,353 10,718 24,037 20,955
Provision for loan losses 200 100 400 100
Net interest income after provision for loan losses 12,153 10,618 23,637 20,855
Noninterest income        
Service charges on deposit accounts 1,463 1,429 2,881 2,787
Other service charges, commissions and fees 689 283 938 492
Trust and investment management income 1,701 1,623 3,369 3,069
Brokerage income 501 518 1,059 985
Mortgage banking activities 679 813 1,314 1,316
Earnings on life insurance 291 271 568 539
Other income 135 32 216 113
Investment securities gains 46 654 862 657
Total noninterest income 5,505 5,623 11,207 9,958
Noninterest expenses        
Salaries and employee benefits 7,855 7,422 15,877 14,822
Occupancy 679 705 1,477 1,462
Furniture and equipment 1,068 826 1,987 1,562
Data processing 595 664 1,214 1,175
Telephone and communication 165 193 361 315
Automated teller and interchange fees 190 194 361 372
Advertising and bank promotions 237 391 619 778
FDIC insurance 172 178 338 315
Legal fees 83 108 149 261
Other professional services 476 377 779 732
Directors' compensation 205 249 456 491
Collection and problem loan 21 3 78 78
Real estate owned 53 (12) 78 8
Taxes other than income 251 220 502 448
Merger related 154 0 154 0
Other operating expenses 1,068 899 1,911 1,744
Total noninterest expenses 13,272 12,417 26,341 24,563
Income before income tax expense 4,386 3,824 8,503 6,250
Income tax expense 374 516 866 940
Net income $ 4,012 $ 3,308 $ 7,637 $ 5,310
Per share information:        
Basic earnings per share (in usd per share) $ 0.50 $ 0.41 $ 0.94 $ 0.66
Diluted earnings per share (in usd per share) 0.48 0.40 0.92 0.65
Dividends per share (in usd per share) $ 0.13 $ 0.10 $ 0.25 $ 0.2