| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Interest and dividend income: | |||||||||
Loans receivable, including fees | |||||||||
32,507 | 28,028 | 23,738 | 20,814 | 17,578 | 17,078 | 16,594 | 17,213 | 17,389 | 17,845 |
Securities: | |||||||||
Taxable | |||||||||
2,258 | 1,792 | 1,615 | 1,662 | 1,965 | 1,958 | 1,715 | 2,246 | 2,370 | 2,528 |
Exempt from federal income tax | |||||||||
395 | 560 | 570 | 628 | 807 | 989 | 1,157 | 1,153 | 1,292 | 1,156 |
Federal bank stocks | |||||||||
419 | 298 | 242 | 186 | 164 | 145 | 77 | 65 | 55 | 46 |
Interest earning deposits with banks | |||||||||
566 | 284 | 235 | 135 | 68 | 92 | 55 | 85 | 173 | 277 |
Total interest and dividend income | |||||||||
36,145 | 30,962 | 26,400 | 23,425 | 20,582 | 20,262 | 19,598 | 20,762 | 21,279 | 21,852 |
Interest expense: | |||||||||
Deposits | |||||||||
7,087 | 4,724 | 3,275 | 2,791 | 2,144 | 2,348 | 2,873 | 4,045 | 4,688 | 5,406 |
Short-term borrowed funds | |||||||||
183 | 209 | 130 | 78 | 87 | 98 | 50 | 0 | 159 | 241 |
Borrowed funds | |||||||||
- | - | 1,088 | 1,076 | 604 | 581 | - | - | - | - |
Long-term borrowed funds | |||||||||
813 | 453 | - | - | - | - | 754 | 931 | 1,025 | 1,422 |
Total interest expense | |||||||||
8,083 | 5,386 | 4,493 | 3,945 | 2,835 | 3,027 | 3,677 | 4,976 | 5,872 | 7,069 |
Net interest income | |||||||||
28,062 | 25,576 | 21,907 | 19,480 | 17,747 | 17,235 | 15,921 | 15,786 | 15,407 | 14,783 |
Provision for loan losses | |||||||||
715 | 1,280 | 903 | 464 | 381 | 670 | 580 | 2,154 | 420 | 1,306 |
Net interest income after provision for loan losses | |||||||||
27,347 | 24,296 | 21,004 | 19,016 | 17,366 | 16,565 | 15,341 | 13,632 | 14,987 | 13,477 |
Noninterest income: | |||||||||
Fees and service charges | |||||||||
2,157 | 2,031 | 1,749 | 1,616 | 1,477 | 1,596 | 1,673 | 1,608 | 1,490 | 1,419 |
Commissions on financial services | |||||||||
- | - | - | - | - | 35 | 198 | 466 | 520 | 700 |
Title premiums | |||||||||
- | - | - | - | - | 58 | 77 | 67 | 88 | 106 |
Net realized gain on sales of securities | |||||||||
78 | -9 | 346 | 82 | 854 | 758 | 340 | 1,360 | 482 | - |
Net gain on sales of loans | |||||||||
114 | 19 | 248 | 119 | 0 | - | 9 | 0 | - | - |
Other than temporary impairment loss | |||||||||
- | - | 508 | 0 | - | - | - | 103 | 0 | 55 |
Net gain on sales of available for sale securities | |||||||||
- | - | - | - | - | - | - | - | - | 1,030 |
Earnings on bank-owned life insurance | |||||||||
566 | 401 | 412 | 406 | 396 | 391 | 387 | 307 | 246 | 239 |
Gain on bargain purchase | |||||||||
- | - | 1,316 | 0 | - | - | - | - | - | - |
Other | |||||||||
1,476 | 1,766 | 1,459 | 1,432 | 1,367 | 1,249 | 1,176 | 1,188 | 1,015 | 767 |
Total noninterest income | |||||||||
4,391 | 4,208 | 5,022 | 3,655 | 4,094 | 4,087 | 3,860 | 4,893 | 3,841 | 4,206 |
Noninterest expense: | |||||||||
Compensation and employee benefits | |||||||||
11,738 | 10,320 | 9,258 | 8,630 | 8,223 | 7,639 | 7,552 | 7,174 | 7,118 | 6,870 |
Premises and equipment | |||||||||
3,373 | 3,165 | 2,975 | 2,849 | 2,651 | 2,487 | 2,157 | 2,011 | 2,194 | 2,139 |
Intangible asset amortization | |||||||||
176 | 266 | 246 | 226 | 195 | 216 | 270 | 345 | 441 | 564 |
Professional fees | |||||||||
928 | 969 | 841 | 876 | 816 | 687 | 715 | 672 | 706 | 548 |
Federal deposit insurance | |||||||||
273 | 533 | 443 | 416 | 376 | 376 | 441 | 387 | 410 | 570 |
Acquisition costs | |||||||||
- | - | 1,119 | 401 | 134 | - | - | - | - | - |
Acquisition costs | |||||||||
- | 3,592 | - | - | - | - | - | - | - | - |
Other | |||||||||
5,634 | 4,815 | 4,753 | 4,039 | 3,770 | 4,182 | 3,345 | 3,348 | 3,176 | 3,122 |
Total noninterest expense | |||||||||
22,122 | 23,660 | 19,635 | 17,437 | 16,165 | 15,587 | 14,480 | 13,937 | 14,045 | 13,813 |
Income before provision for income taxes | |||||||||
9,616 | 4,844 | 6,391 | 5,234 | 5,295 | 5,065 | 4,721 | 4,588 | 4,783 | 3,870 |
Provision for income taxes | |||||||||
1,662 | 633 | 2,114 | 1,248 | 1,141 | 1,048 | 913 | 934 | 950 | 801 |
Net income | |||||||||
7,954 | 4,211 | 4,277 | 3,986 | 4,154 | 4,017 | 3,808 | 3,654 | 3,833 | 3,069 |
Preferred stock dividends | |||||||||
182 | 91 | - | - | 75 | 100 | 420 | 493 | 517 | 393 |
Net income available to common stockholders | |||||||||
7,772 | 4,120 | 4,277 | - | 4,079 | 3,917 | 3,388 | 3,161 | 3,316 | 2,676 |
Earnings per common share | |||||||||
Basic earnings per common share (in dollars per share) | |||||||||
2.88 | 1.73 | 1.95 | 1.86 | 2.06 | 2.21 | 1.92 | 1.80 | 1.98 | 1.85 |
Diluted earnings per common share (in dollars per share) | |||||||||
2.86 | 1.72 | 1.93 | 1.85 | 2.05 | 2.20 | 1.91 | 1.80 | 1.98 | 1.85 |