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CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income        
Loans, including fees $ 22,581 $ 18,242 $ 44,825 $ 34,498
Securities        
Taxable 1,527 1,598 3,126 3,187
Nontaxable 957 932 1,916 1,846
Federal funds sold and interest-bearing deposits 488 254 993 533
Total interest income 25,553 21,026 50,860 40,064
Interest expense        
Deposits 5,704 4,004 11,377 7,278
FHLB advances and federal funds purchased 381 374 828 588
Subordinated debentures 170 176 339 343
Other borrowed money 12 13 23 24
Total interest expense 6,267 4,567 12,567 8,233
Net interest income 19,286 16,459 38,293 31,831
Provision for loan losses 575 650 1,150 1,250
Net interest income after provision for loan losses 18,711 15,809 37,143 30,581
Noninterest income        
Service charges 889 852 1,715 1,740
Net realized loss on securities transactions (22) (51) (22) (51)
Net realized gain on sale of loans 683 678 1,160 1,234
Other income 2,560 2,437 4,819 4,658
Total noninterest income 4,110 3,916 7,672 7,581
Noninterest expense        
Employee compensation and benefits 8,693 7,789 17,679 15,567
Occupancy expenses 2,437 2,006 4,888 3,859
Other expenses 4,264 4,274 8,297 7,777
Total noninterest expense 15,394 14,069 30,864 27,203
Income before income taxes 7,427 5,656 13,951 10,959
Income tax provision 1,384 1,022 2,571 1,966
Net earnings $ 6,043 $ 4,634 $ 11,380 $ 8,993
Basic earnings per share (in USD per share) $ 0.52 $ 0.41 $ 0.97 $ 0.80
Diluted earnings per share (in USD per share) $ 0.52 $ 0.41 $ 0.97 $ 0.80