| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Interest Income | |||||||||
Loans | |||||||||
27,559 | 24,836 | 22,081 | 20,481 | 19,377 | 17,511 | 16,924 | 16,998 | 17,572 | 19,710 |
Securities | |||||||||
US Government and agency obligations | |||||||||
755 | 760 | 550 | 479 | 570 | 658 | 737 | 913 | 939 | 1,312 |
Mortgage backed securities | |||||||||
220 | 256 | 299 | 201 | 95 | 82 | 82 | 23 | 384 | 133 |
Municipals - taxable | |||||||||
312 | 324 | 313 | 199 | 108 | 244 | 308 | 675 | 524 | 259 |
Municipals - tax exempt | |||||||||
3 | 7 | 29 | 41 | 42 | 111 | - | - | - | - |
Municipals - taxable exempt | |||||||||
- | - | - | - | - | - | 229 | - | - | - |
Dividends | |||||||||
93 | 74 | 73 | 67 | 67 | 63 | 59 | 60 | 52 | 47 |
Other (Corporates) | |||||||||
94 | 94 | 105 | 35 | 11 | 43 | 59 | 58 | 25 | 104 |
Interest bearing deposits | |||||||||
326 | 227 | 82 | 31 | 14 | - | - | - | - | - |
Federal Funds sold | |||||||||
454 | 393 | 133 | 34 | 18 | 17 | 30 | 26 | 23 | 24 |
Total interest income | |||||||||
29,816 | 26,971 | 23,665 | 21,568 | 20,302 | 18,729 | 18,428 | 18,753 | 19,519 | 21,589 |
Interest Expense | |||||||||
Deposits | |||||||||
NOW, money market savings | |||||||||
1,537 | 961 | 722 | 590 | 509 | 486 | 494 | 708 | 1,675 | 3,305 |
Time Deposits | |||||||||
3,456 | 2,617 | 2,071 | 1,742 | 1,552 | 1,152 | 1,268 | 1,539 | 1,725 | 2,221 |
Federal Funds purchased | |||||||||
- | - | - | 4 | 2 | 9 | 1 | - | - | 2 |
FHLB borrowings | |||||||||
- | 17 | - | - | 28 | 76 | 76 | 218 | 297 | 324 |
Finance leases | |||||||||
71 | - | - | - | - | - | - | - | - | - |
Reverse repurchase agreements | |||||||||
- | - | 13 | - | - | 2 | - | 15 | 75 | 116 |
Capital notes | |||||||||
200 | 200 | 187 | 8 | 600 | 600 | 600 | 536 | 420 | 420 |
Total interest expense | |||||||||
5,264 | 3,795 | 2,993 | 2,344 | 2,691 | 2,325 | 2,439 | 3,016 | 4,192 | 6,388 |
Net interest income | |||||||||
24,552 | 23,176 | 20,672 | 19,224 | 17,611 | 16,404 | 15,989 | 15,737 | 15,327 | 15,201 |
Provision for loan losses | |||||||||
523 | 716 | 993 | 1,612 | 282 | 55 | 540 | 2,289 | 4,807 | 2,783 |
Net interest income after provision for loan losses | |||||||||
24,029 | 22,460 | 19,679 | 17,612 | 17,329 | 16,349 | 15,449 | 13,448 | 10,520 | 12,418 |
Noninterest income | |||||||||
Gain on sales of loans held for sale | |||||||||
4,254 | 2,918 | 2,434 | 2,433 | 2,278 | 1,716 | - | - | - | - |
Service charges, fees and commissions | |||||||||
1,785 | 1,871 | 1,759 | - | - | - | - | - | - | - |
Mortgage income | |||||||||
- | - | - | - | - | - | 1,255 | 1,257 | 1,042 | 1,515 |
Service charges, fees and commissions | |||||||||
- | - | - | 1,444 | 1,390 | 1,352 | 1,350 | 1,230 | 1,149 | 1,344 |
Life insurance income | |||||||||
679 | 341 | 345 | 292 | 269 | 282 | 299 | 323 | 249 | 234 |
Other | |||||||||
76 | 105 | 76 | 132 | 207 | 94 | 118 | 134 | 58 | 67 |
Gain on sales and calls of securities, net | |||||||||
394 | - | 113 | 494 | 49 | - | - | - | - | - |
Gain on sales of available-for-sale securities, net | |||||||||
- | - | - | - | - | 143 | 456 | 674 | 1,182 | 358 |
Total noninterest income | |||||||||
7,188 | 5,235 | 4,727 | 4,795 | 4,193 | 3,587 | 3,478 | 3,618 | 3,680 | 3,518 |
Noninterest expenses | |||||||||
Salaries and employee benefits | |||||||||
13,092 | 11,279 | 10,012 | 9,230 | 8,727 | 7,940 | 7,161 | 6,529 | 5,668 | 6,686 |
Occupancy | |||||||||
1,655 | 1,522 | 1,493 | 1,312 | 1,204 | 1,214 | 1,205 | 1,150 | 1,091 | 1,022 |
Equipment | |||||||||
2,107 | 1,600 | 1,521 | 1,287 | 1,275 | 1,234 | 1,043 | 991 | 1,038 | 1,100 |
Supplies | |||||||||
597 | 548 | 520 | 480 | 419 | 387 | 362 | 386 | 365 | 373 |
Professional, data processing, and other outside expense | |||||||||
3,432 | 3,226 | 2,795 | 2,731 | 2,218 | 2,241 | 2,294 | 2,033 | 2,139 | 1,690 |
Marketing | |||||||||
866 | 611 | 739 | 686 | 465 | 472 | 367 | 382 | 333 | 274 |
Credit expense | |||||||||
653 | 528 | 467 | 425 | 301 | 220 | 229 | 225 | 257 | 323 |
Other real estate expenses | |||||||||
366 | 277 | 88 | 68 | 122 | 206 | 506 | 798 | 1,021 | - |
FDIC insurance expense | |||||||||
226 | 398 | 375 | 363 | 331 | 262 | 573 | 579 | 661 | 902 |
Other | |||||||||
1,289 | 1,075 | 1,036 | 1,012 | 1,003 | 812 | 838 | 1,071 | 873 | 692 |
Other real estate expenses | |||||||||
- | - | - | - | - | - | - | - | - | 244 |
Amortization of tax credit investment | |||||||||
- | - | - | - | 114 | 247 | 247 | 247 | 247 | 196 |
Total noninterest expenses | |||||||||
24,283 | 21,064 | 19,046 | 17,594 | 16,179 | 15,235 | 14,825 | 14,391 | 13,693 | 13,502 |
Income before income taxes | |||||||||
6,934 | 6,631 | 5,360 | 4,813 | 5,343 | 4,701 | 4,102 | 2,675 | 507 | 2,434 |
Income tax expense | |||||||||
1,329 | 1,329 | 2,438 | 1,527 | 1,651 | 1,288 | 1,042 | 543 | -93 | 614 |
Net Income | |||||||||
5,605 | 5,302 | 2,922 | 3,286 | 3,692 | 3,413 | 3,060 | 2,132 | 600 | 1,820 |
Weighted average shares outstanding - basic and diluted | |||||||||
- | - | - | - | 3,451 | - | - | - | - | - |
Weighted average shares outstanding - basic | |||||||||
4,375 | 4,378 | 4,378 | 4,378 | - | 3,365 | 3,353 | 3,343 | 3,324 | - |
Weighted average shares outstanding- diluted | |||||||||
4,381 | 4,378 | 4,378 | 4,378 | - | 3,365 | 3,354 | 3,343 | 3,324 | - |
Earnings per common share - basic | |||||||||
1.28 | 1.21 | 0.67 | 0.75 | 1.07 | 1.01 | 0.91 | 0.64 | 0.18 | - |
Earnings per common share - diluted | |||||||||
1.28 | 1.21 | 0.67 | 0.75 | 1.07 | 1.01 | 0.91 | 0.64 | 0.18 | - |
Income per common share - basic and diluted | |||||||||
- | - | - | - | - | - | - | - | - | 0.55 |