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Consolidated Statement of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Interest on investment securities    
Interest and fees on loans $ 50,201 $ 45,073
Interest on investment securities: Taxable 5,648 5,820
Interest on investment securities: Exempt from federal income tax 1,031 949
Total investment income 6,679 6,769
Other 1,040 452
Total interest income 57,920 52,294
Interest expense    
Interest on deposits 7,791 4,246
Interest on short-term borrowings 188 525
Interest on long-term borrowings 3,550 3,341
Total interest expense 11,529 8,112
Net interest income 46,391 44,182
Provision for loan losses 1,320 2,111
Net interest income after provision for loan losses 45,071 42,071
Other operating income    
Net gains 147 127
Total other income 16,636 15,041
Total other operating income 16,783 15,168
Other operating expenses    
Salaries and employee benefits 24,641 24,170
FDIC premiums 405 639
Equipment 3,807 3,160
Occupancy 2,884 2,551
Data processing 4,004 3,858
Marketing 418 530
Professional services 1,480 1,255
Other real estate owned expenses 1,542 1,456
Contract labor 654 723
Telephony Expense 856 841
Other 4,698 4,625
Total other operating expenses 45,389 43,808
Income before income tax expense 16,465 13,431
Provision for income tax expense 3,336 2,764
Net Income $ 13,129 $ 10,667
Basic and diluted net income per common share $ 1.85 $ 1.51
Weighted average number of basic and diluted shares outstanding 7,101,000 7,079,000
Service Charges on Deposit Accounts [Member]    
Other operating income    
Total other income $ 2,192 $ 2,275
Other Service Charges [Member]    
Other operating income    
Total other income 966 877
Trust Department [Member]    
Other operating income    
Total other income 7,148 6,692
Debit Card Income [Member]    
Other operating income    
Total other income 2,706 2,534
Bank Owned Life Insurance [Member]    
Other operating income    
Total other income 2,257 1,162
Brokerage Commissions [Member]    
Other operating income    
Total other income 919 1,078
Other [Member]    
Other operating income    
Total other income $ 448 $ 423