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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest income      
Loans $ 49,802 $ 40,185 $ 33,916
Investment securities- taxable 10,858 7,478 6,012
Investment securities - tax-exempt 3,850 3,134 1,826
Short term investments 327 218 208
Total interest income 64,837 51,015 41,962
Interest expense      
Deposits 10,185 6,134 4,811
Short-term borrowings 1,577 784 187
Long-term debt 1,632 726 419
Subordinated notes 73 0 0
Total interest expense 13,467 7,644 5,417
Net interest income 51,370 43,371 36,545
Provision for loan losses 800 1,000 250
Net interest income after provision for loan losses 50,570 42,371 36,295
Noninterest income      
Service charges on deposit accounts 6,054 5,675 5,445
Other service charges, commissions and fees 1,737 1,008 994
Trust and investment management income 6,576 6,400 5,091
Brokerage income 2,035 1,896 1,933
Mortgage banking activities 2,663 2,919 3,412
Income from life insurance 1,463 1,109 1,099
Other income 320 190 345
Investment securities gains 1,006 1,190 1,420
Total noninterest income 21,854 20,387 19,739
Noninterest expenses      
Salaries and employee benefits 32,524 30,145 26,370
Occupancy 3,084 2,806 2,491
Furniture and equipment 4,079 3,434 3,335
Data processing 2,674 2,271 2,378
Telephone and communication 753 647 740
Automated teller and interchange fees 806 767 748
Advertising and bank promotions 1,592 1,600 1,717
FDIC insurance 681 606 775
Legal fees 413 802 850
Other professional services 1,434 1,571 1,332
Directors' compensation 984 996 969
Real estate owned 97 69 239
Taxes other than income 1,012 866 767
Intangible asset amortization 286 102 99
Regulatory settlement 0 0 1,000
Merger related 3,197 0 0
Other operating expenses 4,363 3,648 4,330
Total noninterest expenses 57,979 50,330 48,140
Income before income tax expense 14,445 12,428 7,894
Income tax expense 1,640 4,338 1,266
Net income $ 12,805 $ 8,090 $ 6,628
Per share information:      
Basic earnings per share (in dollars per share) $ 1.53 $ 1.00 $ 0.82
Diluted earnings per share (in dollars per share) 1.50 0.98 0.81
Dividends per share (in dollars per share) $ 0.51 $ 0.42 $ 0.35