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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
INTEREST AND DIVIDEND INCOME    
Loans, including fees $ 59,593,000 $ 47,522,000
Securities:    
Taxable 3,735,000 3,389,000
Tax-exempt 219,000 428,000
Dividends 299,000 252,000
Other 648,000 194,000
Total Interest Income 64,494,000 51,785,000
INTEREST EXPENSE    
Deposits 5,253,000 3,547,000
Short-term borrowings 59,000 83,000
Long-term borrowings 2,087,000 1,803,000
Total Interest Expense 7,399,000 5,433,000
Net Interest Income 57,095,000 46,352,000
PROVISION FOR LOAN LOSSES 1,620,000 0
Net Interest Income after Provision for Loan Losses 55,475,000 46,352,000
OTHER INCOME    
Earnings on investment in bank-owned life insurance 1,068,000 1,075,000
Gain on life insurance proceeds 52,000 0
Net gains on sales or calls of securities 85,000 0
Net losses on equity securities (296,000) 0
Commissions from insurance sales 5,550,000 5,024,000
Other 1,400,000 1,336,000
Total Other Income 15,948,000 14,149,000
OTHER EXPENSES    
Salaries and employee benefits 26,734,000 24,654,000
Net occupancy 2,971,000 2,403,000
Equipment 4,959,000 3,757,000
Other tax 902,000 791,000
Professional services 1,468,000 1,134,000
Supplies and postage 766,000 731,000
Marketing and corporate relations 565,000 433,000
FDIC and regulatory 688,000 644,000
Merger related expenses 0 4,728,000
Intangible assets amortization 745,000 537,000
Foreclosed real estate expenses 129,000 93,000
Other operating 4,776,000 4,174,000
Total Other Expenses 44,703,000 44,079,000
Income Before Income Taxes 26,720,000 16,422,000
PROVISION FOR INCOME TAXES 4,972,000 6,634,000
Net Income $ 21,748,000 $ 9,788,000
PER SHARE DATA    
Basic earnings $ 3.09 $ 1.50
Cash dividends declared $ 0.89 $ 0.80
Service charges on deposit accounts    
OTHER INCOME    
Revenue from Contract with Customer, Excluding Assessed Tax $ 3,350,000 $ 2,940,000
Income from fiduciary, investment management and brokerage activities    
OTHER INCOME    
Revenue from Contract with Customer, Excluding Assessed Tax 2,364,000 2,012,000
Service charges on ATM and debit card transactions    
OTHER INCOME    
Revenue from Contract with Customer, Excluding Assessed Tax $ 2,375,000 $ 1,762,000