XML 17 R4.htm IDEA: XBRL DOCUMENT v3.19.3
CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest income        
Loans, including fees $ 22,996 $ 20,879 $ 67,821 $ 55,377
Securities        
Taxable 1,417 1,526 4,543 4,713
Nontaxable 955 966 2,871 2,812
Federal funds sold and interest-bearing deposits 485 304 1,478 837
Total interest income 25,853 23,675 76,713 63,739
Interest expense        
Deposits 5,304 4,670 16,681 11,948
FHLB advances and federal funds purchased 298 593 1,126 1,181
Subordinated debentures 156 173 495 516
Other borrowed money 12 10 35 34
Total interest expense 5,770 5,446 18,337 13,679
Net interest income 20,083 18,229 58,376 50,060
Provision for loan losses 100 500 1,250 1,750
Net interest income after provision for loan losses 19,983 17,729 57,126 48,310
Noninterest income        
Service charges 978 921 2,693 2,661
Net realized gain (loss) on securities transactions   1 (22) (50)
Net realized gain on sale of loans 910 637 2,070 1,871
Other income 2,728 1,990 7,547 6,648
Total noninterest income 4,616 3,549 12,288 11,130
Noninterest expense        
Employee compensation and benefits 8,896 8,156 26,575 23,723
Occupancy expenses 2,448 2,217 7,336 6,076
Other expenses 4,091 4,654 12,388 12,431
Total noninterest expense 15,435 15,027 46,299 42,230
Income before income taxes 9,164 6,251 23,115 17,210
Income tax provision 1,634 1,160 4,205 3,126
Net earnings $ 7,530 $ 5,091 $ 18,910 $ 14,084
Basic earnings per share (in USD per share) $ 0.65 $ 0.43 $ 1.62 $ 1.23
Diluted earnings per share (in USD per share) $ 0.65 $ 0.42 $ 1.62 $ 1.22