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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income      
Loans $ 87,492 $ 75,071 $ 50,632
Investment securities - taxable 10,458 14,538 10,858
Investment securities - tax-exempt 1,566 2,054 3,850
Short term investments 115 1,331 327
Total interest income 99,631 92,994 65,667
Interest expense      
Deposits 12,009 19,310 10,228
Securities sold under agreements to repurchase 85 623 81
FHLB advances and other 1,924 1,779 3,128
Subordinated notes 2,006 1,987 73
Total interest expense 16,024 23,699 13,510
Net interest income 83,607 69,295 52,157
Provision for loan losses 5,325 900 800
Net interest income after provision for loan losses 78,282 68,395 51,357
Noninterest income      
Service charges on deposit accounts 2,874 3,404 3,233
Interchange income 3,423 3,281 2,821
Other service charges, commissions and fees 683 805 907
Swap fee income 847 1,197 0
Trust and investment management income 6,912 7,255 6,576
Brokerage income 2,821 2,426 2,035
Mortgage banking activities 5,274 3,047 2,663
Gain on sale of portfolio loans 2,803 0 0
Income from life insurance 2,261 2,044 1,463
Investment securities (losses) gains (16) 4,749 1,006
Other income 427 331 320
Total noninterest income 28,309 28,539 21,024
Noninterest expenses      
Salaries and employee benefits 43,350 39,495 32,524
Occupancy 4,760 4,325 3,084
Furniture and equipment 4,756 4,723 4,079
Data processing 3,574 3,599 2,674
Automated teller and interchange fees 1,057 1,015 806
Advertising and bank promotions 1,660 1,967 1,592
FDIC insurance 686 367 681
Other professional services 3,120 2,954 1,847
Directors' compensation 921 1,003 984
Taxes other than income 1,144 1,018 1,012
Intangible asset amortization 1,569 1,570 286
Merger related and branch consolidation expenses 1,310 8,964 3,197
Insurance claim (recovery) receivable write-off (486) 615 0
Other operating expenses 6,659 5,685 5,170
Total noninterest expenses 74,080 77,300 57,936
Income before income tax expense 32,511 19,634 14,445
Income tax expense 6,048 2,710 1,640
Net income $ 26,463 $ 16,924 $ 12,805
Per share information:      
Basic earnings per share (in dollars per share) $ 2.42 $ 1.63 $ 1.53
Diluted earnings per share (in dollars per share) 2.40 1.61 1.50
Dividends per share (in dollars per share) $ 0.68 $ 0.60 $ 0.51