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Consolidated Statements of Earnings - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest income:      
Interest and fees on loans $ 105,783,000 $ 94,917,000 $ 83,120,000
Interest and dividends on securities:      
Taxable securities 8,559,000 6,158,000 5,397,000
Exempt from Federal income taxes 773,000 1,020,000 1,208,000
Interest on loans held for sale 325,000 184,000 324,000
Interest on Federal funds sold 275,000 83,000 97,000
Interest on interest bearing deposits 2,164,000 979,000 723,000
Interest and dividends on restricted equity securities 198,000 184,000 151,000
Total interest income 118,077,000 103,525,000 91,020,000
Interest expense:      
Interest on negotiable order of withdrawal accounts 2,311,000 1,823,000 1,308,000
Interest on money market accounts and other savings accounts 6,855,000 4,231,000 2,211,000
Interest on certificates of deposit and individual retirement accounts 12,896,000 7,944,000 5,353,000
Interest on securities sold under repurchase agreements 0 16,000 9,000
Interest on Federal funds purchased 4,000 4,000 8,000
Interest on Federal Home Loan Bank advances 581,000 0 0
Total interest expense 22,647,000 14,018,000 8,889,000
Net interest income before provision for loan losses 95,430,000 89,507,000 82,131,000
Provision for loan losses 2,040,000 4,298,000 1,681,000
Net interest income after provision for loan losses 93,390,000 85,209,000 80,450,000
Non-interest income 28,349,000 25,248,000 22,821,000
Non-interest expense (74,628,000) (69,080,000) (60,391,000)
Earnings before income taxes 47,111,000 41,377,000 42,880,000
Income taxes 11,067,000 8,783,000 19,354,000
Net earnings $ 36,044,000 $ 32,594,000 $ 23,526,000
Basic earnings per common share (in dollars per share) $ 3.36 $ 3.09 $ 2.26
Diluted earnings per common share (in dollars per share) $ 3.35 $ 3.08 $ 2.26
Weighted average common shares outstanding:      
Basic (in shares) 10,743,269 10,564,172 10,407,211
Diluted (in shares) 10,761,467 10,572,221 10,412,536