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CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest income        
Loans, including fees $ 22,605 $ 22,681 $ 69,664 $ 69,337
Securities        
Taxable 1,203 1,051 3,393 3,532
Nontaxable 1,050 1,074 3,142 3,135
Federal funds sold and interest-bearing deposits 377 150 833 785
Total interest income 25,235 24,956 77,032 76,789
Interest expense        
Deposits 1,348 2,285 4,444 9,746
FHLB advances and federal funds purchased 107 141 308 346
Subordinated debentures 182 192 558 511
Other borrowed money 28 59 184 156
Total interest expense 1,665 2,677 5,494 10,759
Net interest income 23,570 22,279 71,538 66,030
Provision for credit losses (700) (300) (1,700) 13,200
Net interest income after provision for credit losses 24,270 22,579 73,238 52,830
Noninterest income        
Service charges 1,003 717 2,687 2,196
Net realized gain on sale of loans 1,759 2,114 4,401 4,811
Other income 3,687 3,832 11,450 9,604
Total noninterest income 6,449 6,663 18,538 16,611
Noninterest expense        
Employee compensation and benefits 10,998 9,439 31,145 26,982
Occupancy expenses 2,738 2,597 8,258 7,624
Other expenses 5,551 4,722 14,899 13,743
Total noninterest expense 19,287 16,758 54,302 48,349
Income before income taxes 11,432 12,484 37,474 21,092
Income tax provision 2,179 2,350 6,827 3,605
Net earnings $ 9,253 $ 10,134 $ 30,647 $ 17,487
Basic earnings per share (in USD per share) $ 0.77 $ 0.84 $ 2.54 $ 1.43
Diluted earnings per share (in USD per share) $ 0.76 $ 0.84 $ 2.51 $ 1.43