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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest Income      
Loans, including fees $ 62,213 $ 42,303 $ 37,195
Debt securities:      
U.S. Treasury and government agencies 3,341 2,478 2,480
Municipalities 837 1,095 1,193
Dividends 293 220 187
Federal funds sold 416 19 69
Other 1,206 314 124
Total interest income 68,306 46,429 41,248
Interest Expense      
Deposits 12,942 5,989 4,483
Federal funds purchased and securities sold under agreements to repurchase 734 503 497
Borrowed funds 1,083 80 147
Total interest expense 14,759 6,572 5,127
Net Interest Income Before Provision for Loan Losses 53,547 39,857 36,121
Provision for Loan Losses 1,138 324 222
Net Interest Income After Provision for Loan Losses 52,409 39,533 35,899
Noninterest Income      
Net gain on sale of loans 677 757 811
Net gain (loss) on sale of available-for-sale securities (26) (9) 47
Total noninterest income 11,820 10,864 10,735
Noninterest Expense      
Salaries and wages 16,329 13,760 12,613
Employee benefits 5,558 4,115 3,635
Net occupancy expense 2,317 1,757 1,489
Furniture and equipment 2,775 2,110 1,858
Data processing 2,553 1,318 1,213
Franchise taxes 981 954 902
ATM expense 1,715 1,340 1,173
Advertising 1,569 887 757
Net loss on sale of other assets owned 81 44 27
FDIC assessment 183 326 330
Mortgage servicing rights amortization 487 364 353
Consulting fees 668 928 377
Other general and administrative 6,379 4,318 4,004
Total noninterest expense 41,595 32,221 28,731
Income Before Income Taxes 22,634 18,176 17,903
Income Taxes 4,232 3,227 5,183
Net Income $ 18,402 $ 14,949 $ 12,720
Basic and Diluted Earnings Per Share $ 1.66 $ 1.61 $ 1.38
Dividends Declared $ 0.61 $ 0.56 $ 0.50
Customer Service Fees [Member]      
Noninterest Income      
Noninterest income $ 6,726 $ 5,935 $ 5,609
Other Service Charges and Fees [Member]      
Noninterest Income      
Noninterest income $ 4,443 $ 4,181 $ 4,268