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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest and fees on loans:    
Taxable $ 20,103 $ 17,509
Tax-exempt 1,099 870
Interest and dividends on investment securities:    
Taxable 1,010 858
Tax-exempt 562 701
Dividends 19 16
Interest on interest-bearing deposits in other banks 8 40
Total interest income 22,801 19,994
Interest expense:    
Interest on deposits 3,411 1,834
Interest on short-term borrowings 813 667
Interest on long-term debt 280 306
Total interest expense 4,504 2,807
Net interest income 18,297 17,187
Provision for loan losses 1,050 1,050
Net interest income after provision for loan losses 17,247 16,137
Noninterest income:    
Mortgage banking income 148 147
Life insurance investment income 186 187
Net gains on investment securities 1 (8)
Total noninterest income 3,416 3,572
Noninterest expense:    
Salaries and employee benefits expense 7,595 6,955
Net occupancy and equipment expense 2,961 2,814
Amortization of intangible assets 192 230
Professional fees and outside services 331 623
FDIC insurance and assessments 259 286
Donations 332 313
Other expenses 1,820 1,860
Total noninterest expense 13,490 13,081
Income before income taxes 7,173 6,628
Income tax expense 761 774
Net income 6,412 5,854
Other comprehensive income (loss)    
Unrealized gain (loss) on investment securities available-for-sale 2,439 (2,376)
Change in derivative fair value 63  
Other comprehensive gain (loss) 2,502 (2,376)
Income tax expense (benefit) 526 (501)
Other comprehensive loss, net of income taxes 1,976 (1,875)
Comprehensive income $ 8,388 $ 3,979
Net income:    
Basic $ 0.87 $ 0.79
Diluted $ 0.87 $ 0.79
Average common shares outstanding:    
Basic 7,399,054 7,396,505
Diluted 7,399,054 7,396,505
Dividends declared $ 0.34 $ 0.32
Service charges, fees and commissions    
Noninterest income:    
Revenue from contracts with customers $ 1,999 $ 2,088
Merchant services income    
Noninterest income:    
Revenue from contracts with customers 198 250
Commission and fees on fiduciary activities    
Noninterest income:    
Revenue from contracts with customers 507 497
Wealth management income    
Noninterest income:    
Revenue from contracts with customers $ 377 $ 411