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CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income        
Loans, including fees $ 20,879 $ 15,486 $ 55,377 $ 45,115
Securities        
Taxable 1,526 1,545 4,713 4,257
Nontaxable 966 919 2,812 2,761
Federal funds sold and interest-bearing deposits 304 215 837 960
Total interest income 23,675 18,165 63,739 53,093
Interest expense        
Deposits 4,670 2,730 11,948 7,761
FHLB advances and federal funds purchased 593 157 1,181 294
Subordinated debentures 173 164 516 559
Other borrowed money 10 12 34 337
Total interest expense 5,446 3,063 13,679 8,951
Net interest income 18,229 15,102 50,060 44,142
Provision for loan losses 500 800 1,750 2,250
Net interest income after provision for loan losses 17,729 14,302 48,310 41,892
Noninterest income        
Service charges 921 986 2,661 2,801
Net realized gain (loss) on securities transactions 1 0 (50) 25
Net realized gain on sale of loans 637 589 1,871 1,490
Other income 1,990 2,127 6,648 6,184
Total noninterest income 3,549 3,702 11,130 10,500
Noninterest expense        
Employee compensation and benefits 8,156 6,729 23,723 20,156
Occupancy expenses 2,217 1,938 6,076 5,552
Other expenses 4,654 3,499 12,431 10,409
Total noninterest expense 15,027 12,166 42,230 36,117
Income before income taxes 6,251 5,838 17,210 16,275
Income tax provision 1,160 1,699 3,126 4,644
Net earnings $ 5,091 $ 4,139 $ 14,084 $ 11,631
Basic earnings per share (in USD per share) $ 0.43 $ 0.37 $ 1.23 $ 1.17
Diluted earnings per share (in USD per share) $ 0.42 $ 0.37 $ 1.22 $ 1.16