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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest income:      
Interest and fees on loans $ 49,936,000 $ 43,534,000 $ 34,051,000
Interest on deposits in other banks 459,000 424,000 289,000
Interest and dividends on investment securities:      
Taxable 10,254,000 6,526,000 5,876,000
Exempt from Federal income taxes 3,538,000 6,892,000 6,460,000
Total interest income 64,187,000 57,376,000 46,676,000
Interest expense:      
Interest on deposits 1,153,000 969,000 975,000
Interest on junior subordinated deferrable interest debentures 199,000 147,000 121,000
Other 132,000 21,000 0
Total interest expense 1,484,000 1,137,000 1,096,000
Net interest income before provision for credit losses 62,703,000 56,239,000 45,580,000
(Reversal of) Provision for credit losses 50,000 (1,150,000) (5,850,000)
Net interest income after provision for credit losses 62,653,000 57,389,000 51,430,000
Non-interest income:      
Service charges 2,986,000 3,053,000 2,849,000
Appreciation in cash surrender value of bank owned life insurance 695,000 621,000 558,000
Interchange fees 1,462,000 1,458,000 1,228,000
Loan placement fees 708,000 706,000 1,083,000
Net realized gain on sale of credit card portfolio 462,000 0 0
Net realized gains on sales and calls of investment securities 1,314,000 2,802,000 1,920,000
Other-than-temporary impairment loss on investment securities 0 0 (136,000)
Federal Home Loan Bank dividends 590,000 443,000 630,000
Other income 2,107,000 1,753,000 1,459,000
Total non-interest income 10,324,000 10,836,000 9,591,000
Non-interest expenses:      
Salaries and employee benefits 26,221,000 24,738,000 21,881,000
Occupancy and equipment 5,972,000 5,186,000 4,754,000
Regulatory assessments 619,000 652,000 642,000
Data processing expense 1,666,000 1,740,000 1,707,000
Professional services 1,475,000 1,509,000 1,258,000
ATM/Debit card expenses 739,000 750,000 633,000
Information technology 1,113,000 818,000 531,000
Directors’ expenses 465,000 597,000 530,000
Advertising 758,000 638,000 576,000
Internet banking expenses 732,000 705,000 678,000
Acquisition and integration expenses 217,000 1,828,000 1,782,000
Amortization of core deposit intangibles 455,000 234,000 149,000
Other expense 4,636,000 5,011,000 3,801,000
Total non-interest expenses 45,068,000 44,406,000 38,922,000
Income before provision for income taxes 27,909,000 23,819,000 22,099,000
Provision for income taxes 6,620,000 9,793,000 6,917,000
Net income 21,289,000 14,026,000 15,182,000
Net income $ 21,289,000 $ 14,026,000 $ 15,182,000
Net income per common share:      
Basic earnings per common share (in dollars per share) $ 1.55 $ 1.12 $ 1.34
Diluted earnings per common share (in dollars per share) 1.54 1.10 1.33
Cash dividends per common share (in dollars per share) $ 0.31 $ 0.24 $ 0.24