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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest Income    
Loans $ 15,059,000 $ 11,056,000
Investment securities - taxable 3,492,000 2,293,000
Investment securities - tax-exempt 842,000 871,000
Short-term investments 173,000 55,000
Total interest and dividend income 19,566,000 14,275,000
Interest expense    
Deposits 3,694,000 1,824,000
Short-term borrowings 243,000 363,000
Long-term debt 443,000 404,000
Subordinated notes 497,000 0
Total interest expense 4,877,000 2,591,000
Net interest income 14,689,000 11,684,000
Provision for loan losses 400,000 200,000
Net interest income after provision for loan losses 14,289,000 11,484,000
Noninterest income    
Service charges on deposit accounts 1,489,000 1,418,000
Other service charges, commissions and fees 241,000 249,000
Trust and investment management income 1,758,000 1,668,000
Brokerage income 478,000 558,000
Mortgage banking activities 468,000 635,000
Income from life insurance 342,000 277,000
Other income 112,000 81,000
Investment securities gains 339,000 816,000
Total noninterest income 5,227,000 5,702,000
Noninterest expenses    
Salaries and employee benefits 8,677,000 8,022,000
Occupancy 1,001,000 798,000
Furniture and equipment 1,023,000 919,000
Data processing 770,000 619,000
Telephone and communication 212,000 196,000
Automated teller and interchange fees 236,000 171,000
Advertising and bank promotions 521,000 382,000
FDIC insurance 185,000 166,000
Legal fees 53,000 66,000
Other professional services 504,000 303,000
Directors' compensation 236,000 251,000
Real estate owned 2,000 25,000
Taxes other than income 306,000 251,000
Intangible asset amortization 208,000 24,000
Merger related 645,000 0
Insurance claim receivable write off 615,000 0
Other operating expenses 988,000 876,000
Total noninterest expenses 16,182,000 13,069,000
Income before income tax expense 3,334,000 4,117,000
Income tax expense 232,000 492,000
Net income $ 3,102,000 $ 3,625,000
Per share information:    
Basic earnings per share (in usd per share) $ 0.34 $ 0.45
Diluted earnings per share (in usd per share) 0.33 0.44
Dividends paid per share (in usd per share) $ 0.15 $ 0.12