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CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest income        
Loans, including fees $ 15,486 $ 14,294 $ 45,115 $ 40,857
Securities        
Taxable 1,545 1,038 4,257 4,298
Nontaxable 919 923 2,761 2,308
Federal funds sold and interest-bearing deposits 215 172 960 528
Total interest income 18,165 16,427 53,093 47,991
Interest expense        
Deposits 2,730 2,329 7,761 6,791
FHLB advances and federal funds purchased 157 109 294 277
Subordinated debentures 164 217 559 656
Other borrowed money 12 104 337 452
Total interest expense 3,063 2,759 8,951 8,176
Net interest income 15,102 13,668 44,142 39,815
Provision for loan losses 800 840 2,250 3,240
Net interest income after provision for loan losses 14,302 12,828 41,892 36,575
Noninterest income        
Service charges 986 914 2,801 2,625
Net realized gain on securities transactions 0 64 25 82
Net realized gain on sale of loans 589 486 1,490 1,231
Other income 2,127 1,938 6,184 5,664
Total noninterest income 3,702 3,402 10,500 9,602
Noninterest expense        
Employee compensation and benefits 6,729 6,370 20,156 19,057
Occupancy expenses 1,938 1,720 5,552 5,196
Other expenses 3,499 3,390 10,409 10,087
Total noninterest expense 12,166 11,480 36,117 34,340
Income before income taxes 5,838 4,750 16,275 11,837
Income tax provision 1,699 1,380 4,644 3,290
Net earnings $ 4,139 $ 3,370 $ 11,631 $ 8,547
Basic earnings per share (in USD per share) $ 0.37 $ 0.38 $ 1.17 $ 0.95
Diluted earnings per share (in USD per share) $ 0.37 $ 0.38 $ 1.16 $ 0.95