| 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, including fees | |||||||||
65,602 | 59,755 | 49,611 | 44,919 | 41,386 | 39,475 | 37,196 | 37,146 | 36,383 | 34,995 |
Interest and dividends on investment securities | |||||||||
6,414 | 5,153 | 3,906 | 3,108 | 2,473 | 2,270 | 2,466 | 3,133 | 3,559 | 4,524 |
Interest on deposits with banks | |||||||||
437 | 265 | 53 | 20 | 14 | 14 | 16 | 14 | 16 | 17 |
Total Interest and Dividend Income | |||||||||
72,453 | 65,173 | 53,570 | 48,047 | 43,873 | 41,759 | 39,678 | 40,293 | 39,959 | 39,536 |
Interest Expense | |||||||||
Deposits | |||||||||
15,378 | 10,682 | 5,946 | 4,695 | 4,152 | 4,586 | 5,581 | 8,434 | 10,718 | 10,938 |
Short-term borrowings | |||||||||
774 | 767 | 1,057 | 196 | 37 | 12 | 14 | 13 | 49 | 42 |
Long-term debt | |||||||||
2,767 | 2,837 | 3,179 | 3,251 | 3,156 | 2,100 | 2,051 | 2,157 | 2,353 | 2,599 |
Total Interest Expense | |||||||||
18,919 | 14,286 | 10,182 | 8,142 | 7,345 | 6,698 | 7,646 | 10,604 | 13,121 | 13,580 |
Net Interest Income | |||||||||
53,534 | 50,887 | 43,388 | 39,905 | 36,528 | 35,061 | 32,032 | 29,689 | 26,838 | 25,956 |
Provision for loan losses | |||||||||
2,130 | 1,405 | 1,010 | 2,359 | 1,433 | 2,653 | 940 | 2,529 | 4,087 | 3,933 |
Net Interest Income After Provision For Loan Losses | |||||||||
51,404 | 49,482 | 42,378 | 37,546 | 35,095 | 32,408 | 31,092 | 27,160 | 22,751 | 22,023 |
Noninterest Income | |||||||||
Loan appraisal, credit, and miscellaneous charges | |||||||||
- | - | - | 289 | 315 | 368 | 391 | 968 | 789 | 676 |
Gain on sale of assets | |||||||||
0 | 1 | 47 | 12 | 19 | 7 | 11 | - | - | - |
Net gains on sale of investment securities | |||||||||
226 | 0 | 175 | - | - | - | - | - | - | - |
Unrealized gain (loss) on equity securities | |||||||||
134 | -81 | 0 | - | - | - | - | - | - | - |
Gain on sale of asset | |||||||||
- | - | - | - | - | - | - | - | 22 | 22 |
Net (losses) gain on sale of OREO | |||||||||
- | - | - | - | -20 | 322 | 179 | 88 | 454 | - |
Net gain on sale of investment securities | |||||||||
- | - | - | 31 | 4 | 19 | - | -4 | 0 | - |
Gain (loss) on disposition of property plant equipment | |||||||||
-1 | 0 | 0 | - | -426 | - | - | - | - | - |
Income from bank owned life insurance | |||||||||
885 | 902 | 773 | 789 | 815 | 671 | 620 | 632 | 650 | 504 |
Service charges | |||||||||
- | - | - | 2,675 | 2,488 | 2,213 | 2,346 | 2,096 | 1,988 | 1,905 |
Gain on sale of loans held for sale | |||||||||
0 | 0 | 294 | - | 104 | 493 | 627 | 630 | 286 | 470 |
Total Noninterest Income | |||||||||
5,766 | 4,068 | 4,041 | 3,796 | 3,299 | 4,093 | 4,174 | 4,410 | 4,193 | 3,580 |
Noninterest Expense | |||||||||
Compensation and benefits | |||||||||
20,445 | 19,548 | 16,758 | 16,810 | 16,366 | 15,851 | 14,521 | 13,486 | 11,082 | 9,769 |
Occupancy expense | |||||||||
3,101 | 3,116 | 2,632 | 2,488 | 2,427 | 2,371 | 2,139 | 1,894 | 1,833 | 1,772 |
Advertising | |||||||||
762 | 671 | 543 | 647 | 583 | 545 | 477 | 542 | 491 | 399 |
Data processing expense | |||||||||
3,048 | 3,020 | 2,354 | 2,267 | 2,044 | 1,556 | 1,289 | 1,551 | 1,305 | 1,044 |
Professional fees | |||||||||
2,196 | 1,513 | 1,662 | 1,568 | 1,323 | 1,129 | 1,095 | 1,010 | 997 | 799 |
Merger and acquisition costs | |||||||||
0 | 3,625 | 829 | - | - | - | - | - | - | - |
Depreciation of premises and equipment | |||||||||
685 | 810 | 786 | 812 | 810 | 753 | 765 | 680 | 435 | 541 |
Telephone communications | |||||||||
203 | 277 | 191 | 174 | 188 | 185 | 200 | 184 | 174 | 170 |
Office supplies | |||||||||
149 | 149 | 119 | 136 | 157 | 204 | 226 | 257 | 184 | 170 |
FDIC Insurance | |||||||||
334 | 654 | 638 | 739 | 799 | 709 | 1,115 | 1,257 | 1,428 | 1,338 |
OREO valuation allowance and expenses | |||||||||
963 | 657 | 703 | 1,297 | 1,059 | 386 | 787 | - | - | - |
Core deposit intangible amortization | |||||||||
688 | 784 | 0 | - | - | - | - | - | - | - |
Valuation allowance on OREO | |||||||||
- | - | - | - | - | - | - | 674 | 1,963 | 287 |
Other | |||||||||
3,659 | 3,325 | 2,839 | 2,657 | 2,662 | 2,546 | 2,230 | 2,269 | 2,351 | 1,900 |
Total Noninterest Expense | |||||||||
36,233 | 38,149 | 30,054 | 29,595 | 28,418 | 26,235 | 24,844 | 23,804 | 22,249 | 18,195 |
Income before income taxes | |||||||||
20,937 | 15,401 | 16,365 | 11,747 | 9,976 | 10,266 | 10,422 | 7,766 | 4,695 | 7,408 |
Income tax (benefit) expense | |||||||||
5,665 | 4,173 | 9,157 | 4,416 | 3,633 | 3,776 | 3,771 | 2,776 | 1,533 | 2,642 |
Net Income | |||||||||
15,272 | 11,228 | 7,208 | 7,331 | 6,343 | 6,490 | 6,651 | 4,990 | 3,161 | 4,765 |
Preferred stock dividends | |||||||||
- | - | - | - | 23 | 200 | 200 | 200 | 672 | 846 |
Net income available to common shareholders | |||||||||
- | - | - | - | 6,320 | 6,290 | 6,451 | 4,790 | 2,488 | 3,918 |
Net Income | |||||||||
15,272 | 11,228 | 7,208 | 7,331 | 6,343 | - | - | 4,990 | 3,161 | 4,765 |
Net unrealized holding losses arising during period, net of tax of $(39) and $(40), respectively | |||||||||
- | - | - | - | - | - | - | -150 | -121 | - |
Comprehensive income | |||||||||
- | - | - | - | - | - | - | 4,840 | 3,039 | - |
Earnings Per Common Share | |||||||||
Basic (in dollars per share) | |||||||||
2.75 | 2.02 | 1.56 | 1.59 | 1.36 | 1.35 | 1.90 | 1.57 | 0.83 | 1.31 |
Diluted (in dollars per share) | |||||||||
2.75 | 2.02 | 1.56 | 1.59 | 1.35 | 1.35 | 1.88 | 1.57 | 0.82 | 1.30 |
Cash dividends paid per common share (in dollars per share) | |||||||||
0.50 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | - |
Cash dividend paid per common share | |||||||||
- | - | - | - | - | - | - | - | - | 0.40 |
Loan appraisal, credit, and miscellaneous charges [Member] | |||||||||
Noninterest Income | |||||||||
335 | 183 | 157 | - | - | - | - | - | - | - |
Service charges [Member] | |||||||||
Noninterest Income | |||||||||
3,308 | 3,063 | 2,595 | - | - | - | - | - | - | - |
Referral Fee Income [Member] | |||||||||
Noninterest Income | |||||||||
879 | 0 | 0 | - | - | - | - | - | - | - |