Consolidated Statement of Income - USD ($) $ in Thousands |
12 Months Ended |
Dec. 31, 2019 |
Dec. 31, 2018 |
| Interest on investment securities |
|
|
| Interest and fees on loans |
$ 50,201
|
$ 45,073
|
| Interest on investment securities: Taxable |
5,648
|
5,820
|
| Interest on investment securities: Exempt from federal income tax |
1,031
|
949
|
| Total investment income |
6,679
|
6,769
|
| Other |
1,040
|
452
|
| Total interest income |
57,920
|
52,294
|
| Interest expense |
|
|
| Interest on deposits |
7,791
|
4,246
|
| Interest on short-term borrowings |
188
|
525
|
| Interest on long-term borrowings |
3,550
|
3,341
|
| Total interest expense |
11,529
|
8,112
|
| Net interest income |
46,391
|
44,182
|
| Provision for loan losses |
1,320
|
2,111
|
| Net interest income after provision for loan losses |
45,071
|
42,071
|
| Other operating income |
|
|
| Net gains |
147
|
127
|
| Total other income |
16,636
|
15,041
|
| Total other operating income |
16,783
|
15,168
|
| Other operating expenses |
|
|
| Salaries and employee benefits |
24,641
|
24,170
|
| FDIC premiums |
405
|
639
|
| Equipment |
3,807
|
3,160
|
| Occupancy |
2,884
|
2,551
|
| Data processing |
4,004
|
3,858
|
| Marketing |
418
|
530
|
| Professional services |
1,480
|
1,255
|
| Other real estate owned expenses |
1,542
|
1,456
|
| Contract labor |
654
|
723
|
| Telephony Expense |
856
|
841
|
| Other |
4,698
|
4,625
|
| Total other operating expenses |
45,389
|
43,808
|
| Income before income tax expense |
16,465
|
13,431
|
| Provision for income tax expense |
3,336
|
2,764
|
| Net Income |
$ 13,129
|
$ 10,667
|
| Basic and diluted net income per common share |
$ 1.85
|
$ 1.51
|
| Weighted average number of basic and diluted shares outstanding |
7,101,000
|
7,079,000
|
| Service Charges on Deposit Accounts [Member] |
|
|
| Other operating income |
|
|
| Total other income |
$ 2,192
|
$ 2,275
|
| Other Service Charges [Member] |
|
|
| Other operating income |
|
|
| Total other income |
966
|
877
|
| Trust Department [Member] |
|
|
| Other operating income |
|
|
| Total other income |
7,148
|
6,692
|
| Debit Card Income [Member] |
|
|
| Other operating income |
|
|
| Total other income |
2,706
|
2,534
|
| Bank Owned Life Insurance [Member] |
|
|
| Other operating income |
|
|
| Total other income |
2,257
|
1,162
|
| Brokerage Commissions [Member] |
|
|
| Other operating income |
|
|
| Total other income |
919
|
1,078
|
| Other [Member] |
|
|
| Other operating income |
|
|
| Total other income |
$ 448
|
$ 423
|