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CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest income        
Loans, including fees $ 22,864 $ 24,139 $ 47,059 $ 46,656
Securities        
Taxable 1,138 1,187 2,190 2,481
Nontaxable 1,053 1,086 2,092 2,061
Federal funds sold and interest-bearing deposits 229 169 456 635
Total interest income 25,284 26,581 51,797 51,833
Interest expense        
Deposits 1,493 3,040 3,096 7,461
FHLB advances and federal funds purchased 102 123 201 205
Subordinated debentures 188 176 376 319
Other borrowed money 24 60 156 97
Total interest expense 1,807 3,399 3,829 8,082
Net interest income 23,477 23,182 47,968 43,751
Provision for credit losses (1,000) 12,100 (1,000) 13,500
Net interest income after provision for credit losses 24,477 11,082 48,968 30,251
Noninterest income        
Service charges 855 571 1,684 1,479
Net realized gain on sale of loans 1,244 1,508 2,642 2,697
Other income 3,871 2,908 7,763 5,772
Total noninterest income 5,970 4,987 12,089 9,948
Noninterest expense        
Employee compensation and benefits 10,204 8,077 20,147 17,543
Occupancy expenses 2,833 2,550 5,520 5,027
Other expenses 4,666 4,557 9,348 9,021
Total noninterest expense 17,703 15,184 35,015 31,591
Income before income taxes 12,744 885 26,042 8,608
Income tax provision (benefit) 2,312 (190) 4,648 1,255
Net earnings $ 10,432 $ 1,075 $ 21,394 $ 7,353
Basic earnings per share (in USD per share) $ 0.87 $ 0.09 $ 1.78 $ 0.59
Diluted earnings per share (in USD per share) $ 0.85 $ 0.09 $ 1.75 $ 0.59