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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
INTEREST INCOME        
Interest and fees on loans $ 14,750 $ 12,853 $ 28,856 $ 25,077
Interest on investment securities:        
Taxable 1,025 1,046 2,026 2,052
Nontaxable 148 147 289 305
Federal funds sold, other interest-bearing deposits, and certificates of deposit in other banks 193 189 795 295
Dividends on other investments 68 53 133 103
Total interest income 16,184 14,288 32,099 27,832
Interest on deposits:        
Savings, interest checking and money market 1,454 1,347 3,170 2,431
Time deposit accounts, $250,000 and over 621 296 1,286 434
Time deposits 761 536 1,468 1,046
Total interest expense on deposits 2,836 2,179 5,924 3,911
Interest on federal funds purchased and securities sold under agreements to repurchase 44 189 76 360
Interest on Federal Home Loan Bank advances 538 332 1,080 728
Interest on subordinated notes 609 561 1,233 1,051
Total interest expense on borrowings 1,191 1,082 2,389 2,139
Total interest expense 4,027 3,261 8,313 6,050
Net interest income 12,157 11,027 23,786 21,782
Provision for loan losses 250 450 400 750
Net interest income after provision for loan losses 11,907 10,577 23,386 21,032
NON-INTEREST INCOME        
Gain on sale of mortgage loans, net 179 242 284 387
Other 50 26 102 62
Total non-interest income 2,121 2,390 4,212 4,604
Investment securities gain, net 0 108 1 206
Gain on branch sale, net     2,074 0
NON-INTEREST EXPENSE        
Salaries and employee benefits 5,416 5,813 10,854 11,870
Occupancy expense, net 741 725 1,440 1,413
Furniture and equipment expense 686 685 1,495 1,320
Processing, network, and bank card expense 973 889 1,973 1,747
Legal, examination, and professional fees 304 201 632 624
Advertising and promotion 282 291 541 544
Postage, printing, and supplies 259 224 469 492
Other 1,010 1,115 2,155 2,199
Total non-interest expense 9,671 9,943 19,559 20,209
Income before income taxes 4,357 3,132 10,114 5,633
Income tax expense 837 225 1,928 636
Net income $ 3,520 $ 2,907 $ 8,186 $ 4,997
Basic earnings per share (in dollars per share) $ 0.56 $ 0.46 $ 1.30 $ 0.80
Diluted earnings per share (in dollars per share) $ 0.56 $ 0.46 $ 1.30 $ 0.80
Service charges and other fees        
NON-INTEREST INCOME        
Income from fees $ 885 $ 941 $ 1,747 $ 1,817
Bank card income and fees        
NON-INTEREST INCOME        
Income from fees 793 709 1,488 1,365
Trust department income        
NON-INTEREST INCOME        
Income from fees 296 311 589 592
Real estate servicing fees, net        
NON-INTEREST INCOME        
Income from fees $ (82) $ 161 $ 2 $ 381