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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest and dividend income        
Interest and fees on loans $ 12,281 $ 10,337 $ 35,068 $ 29,392
Interest and dividends on investment securities        
Taxable 2,922 1,925 7,754 5,518
Tax-exempt 955 758 2,834 2,344
Short-term investments 68 78 169 142
Total interest and dividend income 16,226 13,098 45,825 37,396
Interest expense        
Interest on deposits 2,780 1,619 6,765 4,429
Interest on short-term borrowings 332 182 1,097 543
Interest on long-term debt 410 216 1,222 388
Total interest expense 3,522 2,017 9,084 5,360
Net interest income 12,704 11,081 36,741 32,036
Provision for loan losses 200 100 600 200
Net interest income after provision for loan losses 12,504 10,981 36,141 31,836
Noninterest income        
Service charges on deposit accounts 1,524 1,437 4,405 4,224
Other service charges, commissions and fees 492 205 1,430 697
Trust and investment management income 1,668 1,551 5,037 4,620
Brokerage income 455 424 1,514 1,409
Mortgage banking activities 735 797 2,049 2,113
Income from life insurance 533 275 1,101 814
Other income 56 34 272 147
Investment securities gains 29 533 891 1,190
Total noninterest income 5,492 5,256 16,699 15,214
Noninterest expenses        
Salaries and employee benefits 7,610 7,544 23,487 22,366
Occupancy 775 639 2,252 2,101
Furniture and equipment 990 937 2,977 2,499
Data processing 661 527 1,875 1,702
Telephone and communication 181 221 542 536
Automated teller and interchange fees 187 196 548 568
Advertising and bank promotions 279 325 898 1,103
FDIC insurance 169 139 507 454
Legal fees 215 565 364 826
Other professional services 361 380 1,140 1,112
Directors' compensation 207 254 663 745
Collection and problem loan 59 56 137 134
Real estate owned 18 41 96 49
Taxes other than income 259 211 761 659
Merger related 319 0 473 0
Other operating expenses 1,046 1,052 2,957 2,796
Total noninterest expenses 13,336 13,087 39,677 37,650
Income before income tax expense 4,660 3,150 13,163 9,400
Income tax expense 644 376 1,510 1,316
Net income $ 4,016 $ 2,774 $ 11,653 $ 8,084
Per share information:        
Basic earnings per share (in usd per share) $ 0.50 $ 0.34 $ 1.44 $ 1.00
Diluted earnings per share (in usd per share) 0.49 0.34 1.41 0.98
Dividends per share (in usd per share) $ 0.13 $ 0.1 $ 0.38 $ 0.3