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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income        
Loans $ 19,553 $ 11,731 $ 34,612 $ 22,787
Investment securities - taxable 3,679 2,539 7,171 4,832
Investment securities - tax-exempt 632 1,008 1,474 1,879
Short-term investments 503 46 676 101
Total interest income 24,367 15,324 43,933 29,599
Interest expense        
Deposits 4,870 2,161 8,564 3,985
Short-term borrowings 34 402 277 765
Long-term debt 532 408 975 812
Subordinated notes 499 0 996 0
Total interest expense 5,935 2,971 10,812 5,562
Net interest income 18,432 12,353 33,121 24,037
Provision for loan losses 200 200 600 400
Net interest income after provision for loan losses 18,232 12,153 32,521 23,637
Noninterest income        
Service charges on deposit accounts 1,680 1,463 3,169 2,881
Other service charges, commissions and fees 346 689 587 938
Trust and investment management income 1,749 1,701 3,507 3,369
Brokerage income 672 501 1,150 1,059
Mortgage banking activities 652 679 1,120 1,314
Income from life insurance 684 291 1,026 568
Other income 32 135 144 216
Investment securities gains 2,064 46 2,403 862
Total noninterest income 7,879 5,505 13,106 11,207
Noninterest expenses        
Salaries and employee benefits 8,922 7,855 17,599 15,877
Occupancy 1,066 679 2,067 1,477
Furniture and equipment 1,140 1,068 2,163 1,987
Data processing 1,058 595 1,828 1,214
Telephone and communication 202 165 414 361
Automated teller and interchange fees 238 190 474 361
Advertising and bank promotions 548 237 1,069 619
FDIC insurance 221 172 406 338
Legal fees 120 83 173 149
Other professional services 587 476 1,091 779
Directors' compensation 261 205 497 456
Real estate owned 12 53 14 78
Taxes other than income 314 251 620 502
Intangible asset amortization 402 24 610 48
Merger related 6,860 154 7,505 154
Insurance claim receivable write off 0 0 615 0
Other operating expenses 1,363 1,065 2,351 1,941
Total noninterest expenses 23,314 13,272 39,496 26,341
Income before income tax expense 2,797 4,386 6,131 8,503
Income tax expense 110 374 342 866
Net income $ 2,687 $ 4,012 $ 5,789 $ 7,637
Per share information:        
Basic earnings per share (in usd per share) $ 0.26 $ 0.50 $ 0.59 $ 0.94
Diluted earnings per share (in usd per share) $ 0.26 $ 0.48 $ 0.58 $ 0.92