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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 $ 54,192 $ 49,229 $ 43,537
AFS securities      
Taxable 7,185 8,239 8,410
Nontaxable 4,728 5,279 5,570
Federal funds sold and other 1,201 1,117 896
Total interest income 67,306 63,864 58,413
Interest expense      
Deposits 11,608 9,261 6,809
Borrowings 6,253 6,370 5,685
Total interest expense 17,861 15,631 12,494
Net interest income 49,445 48,233 45,919
Provision for loan losses 30 978 253
Net interest income after provision for loan losses 49,415 47,255 45,666
Noninterest income      
Service charges and fees 6,347 6,210 6,013
Noninterest Income Investment and Trust Advisory Fees 2,792 2,836 2,607
Net gain on sale of mortgage loans 650 525 647
Other Real Estate, Foreclosed Assets, and Repossessed Assets, Valuation Adjustments 162 49 50
Earnings on corporate owned life insurance policies 764 742 756
Debt Securities, Realized Gain (Loss) 6 0 142
Net income (loss) on joint venture investment (3,108) 274 164
Other 426 345 461
Total noninterest income 8,039 10,981 10,840
Noninterest expenses      
Compensation and benefits 23,205 22,609 21,525
Furniture and equipment 5,866 6,055 5,407
Occupancy 3,418 3,263 3,133
Other 10,561 10,925 10,188
Total noninterest expenses 43,050 42,852 40,253
Income before federal income tax expense 14,404 15,384 16,253
Federal income tax expense 1,380 1,363 3,016
NET INCOME $ 13,024 $ 14,021 $ 13,237
Earnings per share      
Basic (in dollars per share) $ 1.65 $ 1.78 $ 1.69
Diluted (in dollars per share) 1.61 1.74 1.65
Cash dividends per basic share (in dollars per share) $ 1.05 $ 1.04 $ 1.02