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Consolidated Statement of Income - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
INTEREST AND DIVIDEND INCOME      
Interest and fees on loans $ 40,235,000 $ 25,798,000 $ 23,824,000
Interest-bearing deposits in other institutions 328,000 53,000 33,000
Federal funds sold 15,000 20,000 13,000
Investment securities:      
Taxable interest 762,000 1,106,000 1,467,000
Tax-exempt interest 2,406,000 2,913,000 3,160,000
Dividends on stock 249,000 104,000 98,000
Total interest and dividend income 43,995,000 29,994,000 28,595,000
INTEREST EXPENSE      
Deposits 5,350,000 3,618,000 3,426,000
Short-term borrowings 753,000 322,000 194,000
Other borrowings 544,000 250,000 200,000
Total interest expense 6,647,000 4,190,000 3,820,000
NET INTEREST INCOME 37,348,000 25,804,000 24,775,000
Provision for loan losses 1,045,000 570,000 315,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 36,303,000 25,234,000 24,460,000
NONINTEREST INCOME      
Service charges on deposit accounts 1,875,000 1,940,000 1,874,000
Investment securities gains, net 886,000 303,000 323,000
Earnings on bank-owned life insurance 431,000 403,000 624,000
Gain on sale of loans 826,000 419,000 329,000
Other income 841,000 894,000 894,000
Total noninterest income 4,859,000 3,959,000 4,044,000
NONINTEREST EXPENSE      
Salaries and employee benefits 13,758,000 10,249,000 9,751,000
Occupancy expense 1,846,000 1,252,000 1,253,000
Equipment expense 1,050,000 991,000 944,000
Data processing costs 1,792,000 1,335,000 1,071,000
Ohio state franchise tax 744,000 632,000 300,000
Federal deposit insurance expense 533,000 438,000 472,000
Professional fees 1,752,000 1,441,000 1,247,000
Net loss (gain) on other real estate owned 30,000 (119,000) 563,000
Advertising expense 821,000 734,000 721,000
Core deposit intangible amortization 374,000 40,000 40,000
Merger expense 1,060,000
Other expense 3,725,000 3,879,000 3,715,000
Total noninterest expense 27,485,000 20,872,000 20,077,000
Income before income taxes 13,677,000 8,321,000 8,427,000
Income taxes 4,222,000 1,905,000 1,562,000
NET INCOME $ 9,455,000 $ 6,416,000 $ 6,865,000
EARNINGS PER SHARE      
Basic (in dollars per share) $ 3.12 $ 3.04 $ 3.41
Diluted (in dollars per share) 3.10 3.03 3.39
DIVIDENDS DECLARED PER SHARE (in dollars per share) $ 1.08 $ 1.08 $ 1.07