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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
INTEREST INCOME      
Loans receivable, including fees $ 32,524 $ 27,611 $ 24,002
Securities: Taxable 3,548 2,375 1,918
Securities: Tax exempt 2,868 2,216 1,843
Other 48 42 16
Total Interest Income 38,988 32,244 27,779
INTEREST EXPENSE      
Deposits 3,377 2,603 2,421
Short-term borrowings 199 130 85
Other borrowings 504 921 752
Total Interest Expense 4,080 3,654 3,258
Net Interest Income 34,908 28,590 24,521
PROVISION FOR LOAN LOSSES 2,200 2,050 4,580
Net Interest Income After Provision for Loan Losses 32,708 26,540 19,941
OTHER INCOME      
Service charges and fees 4,079 2,951 2,440
Income from fiduciary activities 510 449 439
Net realized gains on sales of securities 348 284 626
Net gain on sale of loans 67 54 104
Earnings and proceeds on life insurance policies 1,133 888 665
Other 774 553 425
Total Other Income 6,911 5,179 4,699
OTHER EXPENSES      
Salaries and employee benefits 12,850 10,928 8,535
Occupancy 2,662 2,077 1,660
Furniture and equipment 699 548 422
Data processing and related operations 1,353 1,337 943
Federal Deposit Insurance Corporation insurance assessment 377 412 411
Advertising 268 283 240
Professional fees 949 836 730
Postage and telephone 664 566 436
Taxes, other than income 661 731 711
Foreclosed real estate 1,164 680 911
Amortization of intangible assets 150 122 105
Merger related   1,806  
Other 3,073 2,798 1,996
Total Other Expenses 24,870 23,124 17,100
Income before Income Taxes 14,749 8,595 7,540
INCOME TAX EXPENSE 6,551 1,884 1,632
Net income $ 8,198 $ 6,711 $ 5,908
EARNINGS PER SHARE: BASIC $ 1.32 $ 1.16 $ 1.07
EARNINGS PER SHARE: DILUTED $ 1.31 $ 1.15 $ 1.07