XML 32 R4.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest income      
Loans, including fees $ 90,980 $ 77,170 $ 61,014
Securities      
Taxable 5,916 6,317 5,811
Nontaxable 3,830 3,770 3,679
Federal funds sold and interest-bearing deposits 1,835 1,201 1,278
Total interest income 102,561 88,458 71,782
Interest expense      
Deposits 21,611 16,941 10,604
FHLB advances and federal funds purchased 1,389 1,865 472
Subordinated debentures 648 687 724
Other borrowed money 43 49 352
Total interest expense 23,691 19,542 12,152
Net interest income 78,870 68,916 59,630
Provision for loan losses 1,250 2,250 2,850
Net interest income after provision for loan losses 77,620 66,666 56,780
Noninterest income      
Service charges 3,715 3,600 3,746
Net realized (loss) gain on securities transactions (22) (50) 167
Net realized gain on sale of loans 2,850 2,308 1,981
Other income 10,419 9,445 8,385
Total noninterest income 16,962 15,303 14,279
Noninterest expense      
Employee compensation and benefits 35,907 32,122 27,078
Occupancy expenses 9,834 8,398 7,400
Other expenses 16,784 16,254 13,904
Total noninterest expense 62,525 56,774 48,382
Income before income taxes 32,057 25,195 22,677
Income tax provision 5,778 4,599 8,238
Net earnings $ 26,279 $ 20,596 $ 14,439
Basic earnings per share (in USD per share) $ 2.26 $ 1.78 $ 1.41
Diluted earnings per share (in USD per share) $ 2.25 $ 1.77 $ 1.40