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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest and Dividend Income        
Interest and fees on loans $ 6,917 $ 6,138 $ 19,768 $ 17,717
Interest on deposits in banks 88 92 434 239
Interest and dividends on securities:        
Taxable interest 797 637 2,253 1,933
Tax-exempt interest 156 148 457 436
Dividends 23 21 67 62
Total interest and dividend income 7,981 7,036 22,979 20,387
Interest Expense        
Interest on deposits 702 446 1,957 1,234
Interest on subordinated debt 91 91 269 269
Interest on junior subordinated debt 105 79 292 223
Total interest expense 898 616 2,518 1,726
Net interest income 7,083 6,420 20,461 18,661
Provision for loan losses 0 0 100 0
Net interest income after provision for loan losses 7,083 6,420 20,361 18,661
Noninterest Income        
Service charges on deposit accounts 818 760 2,364 2,250
ATM and check card fees 540 516 1,614 1,544
Wealth management fees 423 359 1,239 1,061
Fees for other customer services 143 131 447 408
Income from bank owned life insurance 107 117 743 312
Net gains on securities available for sale 0 11 0 24
Net gains on sale of loans 39 54 63 121
Other operating income 108 69 408 216
Total noninterest income 2,178 2,017 6,878 5,936
Noninterest Expense        
Salaries and employee benefits 3,371 3,221 9,981 9,585
Occupancy 387 379 1,174 1,094
Equipment 396 400 1,239 1,208
Marketing 123 138 393 410
Supplies 75 81 243 277
Legal and professional fees 229 216 643 658
ATM and check card expense 217 205 631 596
FDIC assessment 78 84 226 240
Bank franchise tax 118 111 351 325
Telecommunications expense 83 95 217 313
Data processing expense 168 153 500 455
Postage expense 42 62 145 197
Amortization expense 108 151 359 480
Other real estate owned expense (income), net 2 0 (20) 6
Net losses on disposal of premises and equipment 2 0 2 0
Other operating expense 551 511 1,596 1,419
Total noninterest expense 5,950 5,807 17,680 17,263
Income before income taxes 3,311 2,630 9,559 7,334
Income tax expense 635 798 1,745 2,203
Net income $ 2,676 $ 1,832 $ 7,814 $ 5,131
Earnings per common share        
Basic (in usd per share) $ 0.54 $ 0.37 $ 1.58 $ 1.04
Diluted (in usd per share) $ 0.54 $ 0.37 $ 1.58 $ 1.04