| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Interest income: | |||||||||
Interest and fees on loans | |||||||||
39,635 | 32,899 | 26,996 | 25,937 | 25,177 | 26,929 | 30,394 | 35,373 | 37,063 | 38,085 |
Taxable | |||||||||
2,710 | 3,290 | 3,410 | 3,542 | 4,014 | 3,710 | 2,540 | 2,629 | 4,244 | 5,796 |
Tax-exempt | |||||||||
55 | 132 | 304 | 483 | 589 | 609 | 549 | 575 | 936 | 883 |
Other interest and dividends | |||||||||
1,188 | 817 | 390 | 193 | 117 | 113 | 153 | 176 | 100 | 62 |
Total interest income | |||||||||
43,588 | 37,138 | 31,100 | 30,155 | 29,897 | 31,361 | 33,636 | 38,753 | 42,346 | 44,827 |
Interest expense: | |||||||||
Interest on deposits | |||||||||
6,554 | 4,151 | 2,407 | 2,094 | 2,262 | 2,522 | 2,884 | 4,433 | 6,260 | 7,600 |
Interest on short-term borrowings | |||||||||
92 | 115 | 122 | 32 | 3 | 2 | 10 | 10 | 6 | 5 |
Interest on long-term debt | |||||||||
- | 84 | 177 | 145 | 24 | 29 | 11 | 113 | 751 | 2,467 |
Total interest expense | |||||||||
6,646 | 4,350 | 2,706 | 2,271 | 2,289 | 2,553 | 2,905 | 4,556 | 7,018 | 10,072 |
Net interest income | |||||||||
36,942 | 32,788 | 28,394 | 27,884 | 27,608 | 28,808 | 30,731 | 34,197 | 35,327 | 34,755 |
Provision for loan and lease losses | |||||||||
2,714 | 2,622 | - | - | - | - | - | - | - | - |
Provision for loan and lease losses | |||||||||
- | - | 1,987 | 3,197 | 216 | -74 | - | - | - | - |
Reduction in reserve for loan losses | |||||||||
- | - | - | - | - | - | -642 | 4,338 | 18,802 | 19,130 |
Net interest income after provision for loan and lease losses | |||||||||
34,228 | 30,166 | 26,407 | 24,687 | 27,392 | 28,882 | 31,373 | 29,859 | 16,525 | 15,624 |
Non-interest income: | |||||||||
Service and other charges on deposit accounts | |||||||||
- | - | - | 1,773 | 1,844 | 2,096 | 1,720 | 2,522 | 2,888 | 3,061 |
Credit insurance income | |||||||||
549 | 633 | 715 | 681 | 501 | 694 | 806 | 955 | 923 | 939 |
Net gain on sales and prepayments of investment securities | |||||||||
92 | 118 | - | - | - | - | - | - | - | - |
Net gain on sales and prepayments of investment securities | |||||||||
- | - | 229 | 659 | 462 | - | - | - | 2,549 | - |
Net gain on settlement of derivative contracts | |||||||||
- | 981 | - | - | - | - | - | - | - | - |
Mortgage fees from secondary market | |||||||||
- | - | 211 | - | - | - | - | - | - | - |
Investment securities gains, net | |||||||||
- | - | - | - | - | - | - | - | - | 256 |
Other income, net | |||||||||
2,422 | 1,476 | 1,631 | 2,088 | 1,724 | 2,301 | 2,339 | 2,088 | 2,366 | 5,908 |
Total non-interest income | |||||||||
5,366 | 5,610 | 4,666 | 5,201 | 4,531 | 5,091 | 4,865 | 5,565 | 8,727 | 10,166 |
Non-interest expense: | |||||||||
Salaries and employee benefits | |||||||||
20,352 | 18,771 | 17,374 | 16,663 | 16,664 | 16,690 | 16,261 | 14,590 | 14,491 | 13,765 |
Net occupancy and equipment | |||||||||
4,230 | 3,677 | 3,164 | 3,150 | 3,116 | 3,226 | 3,146 | 1,899 | 1,921 | 1,859 |
Computer services | |||||||||
1,525 | 1,300 | 1,384 | - | - | - | - | - | - | - |
Fees for professional services | |||||||||
1,176 | 1,031 | 813 | - | - | - | - | - | - | - |
Acquisition expenses | |||||||||
- | 1,641 | - | - | - | - | - | - | - | - |
Furniture and equipment expense | |||||||||
- | - | - | - | - | - | - | 1,293 | 1,282 | 1,259 |
Other real estate/foreclosure expense, net | |||||||||
- | - | - | 719 | 1,027 | 1,077 | 3,121 | - | - | - |
Write-downs on other real estate | |||||||||
- | - | - | - | - | - | - | 4,866 | - | - |
Impairment on Other Real Estate | |||||||||
- | - | - | - | - | - | - | - | 6,389 | 3,537 |
Impairment of goodwill | |||||||||
- | - | - | - | - | - | - | - | 4,097 | - |
Loss on Sale of Other Real Estate | |||||||||
- | - | - | - | - | - | - | - | -1,606 | -1,675 |
Other expense | |||||||||
6,499 | 5,965 | 5,714 | 7,963 | 7,570 | 7,602 | 8,274 | 9,836 | 10,497 | 10,024 |
Total non-interest expense | |||||||||
33,782 | 32,385 | 28,449 | 28,495 | 28,377 | 28,595 | 30,802 | 32,484 | 40,287 | 32,122 |
Income before income taxes | |||||||||
5,812 | 3,391 | 2,624 | 1,393 | 3,546 | 5,378 | 5,436 | 2,940 | - | - |
INCOME (LOSS) BEFORE INCOME TAXES | |||||||||
- | - | - | - | - | - | - | - | -15,034 | -6,331 |
Provision for income taxes | |||||||||
1,246 | 901 | 3,035 | 169 | 951 | 1,829 | 1,509 | 745 | -5,958 | -3,025 |
BASIC AND DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||
- | - | - | - | - | - | - | 6,022 | 6,011 | 6,013 |
Less: Net Loss Attributable to Noncontrolling Interest | |||||||||
- | - | - | - | - | - | - | - | -0 | -125 |
Net income | |||||||||
4,566 | 2,490 | - | - | - | - | - | - | -9,074 | -3,180 |
Net income | |||||||||
- | - | -411 | 1,224 | 2,595 | 3,549 | 3,927 | 2,195 | -9,075 | -3,306 |
Basic net income per share | |||||||||
0.71 | 0.40 | -0.07 | 0.20 | 0.42 | 0.58 | 0.65 | - | - | - |
Diluted net income per share | |||||||||
0.67 | 0.37 | -0.07 | 0.19 | 0.41 | 0.57 | 0.65 | - | - | - |
BASIC AND DILUTED NET INCOME PER SHARE | |||||||||
- | - | - | - | - | - | - | 0.36 | -1.51 | -0.53 |
Dividends per share | |||||||||
0.09 | 0.08 | 0.08 | 0.08 | 0.08 | 0.03 | - | 0.00 | 0.04 | 0.44 |
Service [Member] | |||||||||
Revenue from Contract with Customer, Including Assessed Tax | |||||||||
1,828 | 1,895 | - | - | - | - | - | - | - | - |
Mortgage Banking [Member] | |||||||||
Revenue from Contract with Customer, Including Assessed Tax | |||||||||
475 | 507 | - | - | - | - | - | - | - | - |
Deposit Account [Member] | |||||||||
Service and other charges on deposit accounts | |||||||||
- | - | 1,880 | - | - | - | - | - | - | - |