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CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income    
Loans, including fees $ 24,195,000 $ 22,517,000
Securities    
Taxable 1,052,000 1,294,000
Nontaxable 1,039,000 975,000
Federal funds sold and interest-bearing deposits 227,000 466,000
Total interest income 26,513,000 25,252,000
Interest expense    
Deposits 1,603,000 4,421,000
FHLB advances and federal funds purchased 99,000 82,000
Subordinated debentures 188,000 143,000
Other borrowed money 132,000 37,000
Total interest expense 2,022,000 4,683,000
Net interest income 24,491,000 20,569,000
Provision for credit losses 0 1,400,000
Net interest income after provision for credit losses 24,491,000 19,169,000
Noninterest income    
Service charges 829,000 908,000
Net realized gain on sale of loans 1,398,000 1,189,000
Other income 3,892,000 2,864,000
Total noninterest income 6,119,000 4,961,000
Noninterest expense    
Employee compensation and benefits 9,943,000 9,466,000
Occupancy expenses 2,687,000 2,477,000
Other expenses 4,682,000 4,464,000
Total noninterest expense 17,312,000 16,407,000
Income before income taxes 13,298,000 7,723,000
Income tax provision 2,336,000 1,445,000
Net earnings $ 10,962,000 $ 6,278,000
Basic earnings per share (in USD per share) $ 0.91 $ 0.50
Diluted earnings per share (in USD per share) $ 0.90 $ 0.50