XML 16 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income    
Loans $ 21,309 $ 18,267
Securities held-to-maturity 13,788 10,288
Securities available-for-sale 2,631 1,992
Federal funds sold and interest-bearing deposits in other banks 1,349 883
Total interest income 39,077 31,430
Interest expense    
Savings and NOW deposits 5,466 2,223
Money market accounts 5,343 2,453
Time deposits 2,793 2,363
Securities sold under agreements to repurchase 385 181
Other borrowed funds and subordinated debentures 1,652 1,742
Total interest expense 15,639 8,962
Net interest income 23,438 22,468
Provision for loan losses 375 450
Net interest income after provision for loan losses 23,063 22,018
Other operating income    
Service charges on deposit accounts 2,209 2,067
Lockbox fees 1,089 791
Net gains on sales of securities   197
Gains on sales of mortgage loans 15  
Other income 1,114 1,138
Total other operating income 4,427 4,193
Operating expenses    
Salaries and employee benefits 11,035 11,225
Occupancy 1,701 1,637
Equipment 783 794
FDIC assessments 373 383
Other 4,298 3,962
Total operating expenses 18,190 18,001
Income before income taxes 9,300 8,210
(Benefit) provision for income taxes (118) 501
Net income $ 9,418 $ 7,709
Class A Common Stock [Member]    
Share data:    
Weighted average number of shares outstanding, basic 3,610,329 3,608,029
Weighted average number of shares outstanding, diluted 5,567,909 5,567,909
Basic earnings per share $ 2.05 $ 1.68
Diluted earnings per share $ 1.69 $ 1.38
Class B Common Stock [Member]    
Share data:    
Weighted average number of shares outstanding, basic 1,957,580 1,959,880
Weighted average number of shares outstanding, diluted 1,957,580 1,959,880
Basic earnings per share $ 1.03 $ 0.84
Diluted earnings per share $ 1.03 $ 0.84