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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 $ 35,447 $ 32,789 $ 26,134
Investment securities - taxable 5,271 4,755 4,001
Investment securities - non taxable 1,365 1,767 1,858
Other short term investments 547 418 163
Total interest income 42,630 39,729 32,156
Interest expense:      
Deposits 4,558 2,905 1,825
Securities sold under agreement to repurchase 386 293 73
Other borrowed money 837 783 864
Total interest expense 5,781 3,981 2,762
Net interest income 36,849 35,748 29,394
Provision for loan losses 139 346 530
Net interest income after provision for loan losses 36,710 35,402 28,864
Non-interest income:      
Deposit service charges 1,649 1,769 1,486
Mortgage banking income 4,555 [1] 3,895 [1] 3,778
Investment advisory fees and non-deposit commissions 2,021 [1] 1,683 [1] 1,291
Gain (loss) on sale of securities 136 [1] (342) [1] 400
Gain (loss) on sale of other assets (3) 24 235
Write-down on premises held for sale (282)
Loss on early extinguishment of debt [1] (447)
Other 3,660 [2] 3,615 [2] 2,896
Total non-interest income 11,736 10,644 9,639
Non-interest expense:      
Salaries and employee benefits 21,261 19,515 16,951
Occupancy 2,696 2,380 2,166
Equipment 1,493 1,513 1,771
Marketing and public relations 1,114 919 901
FDIC insurance assessments 57 375 312
Other real estate expense 81 98 3
Amortization of intangibles 523 563 343
Merger expenses 945
Other 7,392 6,760 5,966
Total non-interest expense 34,617 32,123 29,358
Net income before tax 13,829 13,923 9,145
Income tax expense 2,858 2,694 3,330
Net income $ 10,971 $ 11,229 $ 5,815
Basic earnings per common share (in dollars per share) $ 1.46 $ 1.48 $ 0.85
Diluted earnings per common share (in dollars per share) $ 1.45 $ 1.45 $ 0.83
[1] Not within the scope of ASC 606
[2] Includes Check Card Fee income discussed above. No other items are within the scope of ASC 606