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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
INTEREST INCOME        
Interest and fees on loans $ 12,853 $ 11,671 $ 25,077 $ 22,721
Interest on investment securities:        
Taxable 984 737 1,930 1,491
Nontaxable 147 168 305 325
Federal funds sold, other interest-bearing deposits, and certificates of deposit in other banks 189 11 295 60
Dividends on other securities 115 94 225 184
Total interest income 14,288 12,681 27,832 24,781
Interest on deposits:        
Savings, interest checking and money market 1,347 475 2,431 864
Time deposit accounts $250,000 and over 296 99 434 191
Other time deposits 536 410 1,046 789
Interest on federal funds purchased and securities sold under agreements to repurchase 189 27 360 49
Interest on Federal Home Loan Bank advances 332 419 728 741
Interest on subordinated notes 561 431 1,051 840
Total interest expense 3,261 1,861 6,050 3,474
Net interest income 11,027 10,820 21,782 21,307
Provision for loan losses 450 330 750 680
Net interest income after provision for loan losses 10,577 10,490 21,032 20,627
NON-INTEREST INCOME        
Gain on sale of mortgage loans, net 242 218 387 374
Other 122 67 245 141
Total non-interest income 2,486 2,099 4,787 4,506
NON-INTEREST EXPENSE        
Salaries and employee benefits 5,813 5,336 11,870 10,774
Occupancy expense, net 725 689 1,413 1,307
Furniture and equipment expense 685 634 1,320 1,232
Processing, network, and bank card expense 889 927 1,747 1,972
Legal, examination, and professional fees 201 317 624 597
FDIC insurance assessment 146 115 301 216
Advertising and promotion 291 265 544 503
Postage, printing, and supplies 224 252 492 475
Other 957 1,152 1,875 1,961
Total non-interest expense 9,931 9,687 20,186 19,037
Income before income taxes 3,132 2,902 5,633 6,096
Income tax expense 225 983 636 2,076
Net income $ 2,907 $ 1,919 $ 4,997 $ 4,020
Basic earnings per share (in dollars per share) $ 0.48 $ 0.32 $ 0.83 $ 0.66
Diluted earnings per share (in dollars per share) $ 0.48 $ 0.32 $ 0.83 $ 0.66
Service charges and other fees        
NON-INTEREST INCOME        
Income from fees $ 941 $ 851 $ 1,817 $ 1,687
Bank card income and fees        
NON-INTEREST INCOME        
Income from fees 709 663 1,365 1,277
Trust department income        
NON-INTEREST INCOME        
Income from fees 311 266 592 540
Real estate servicing fees, net        
NON-INTEREST INCOME        
Income from fees $ 161 $ 34 $ 381 $ 487