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CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income    
Loans, including fees $ 22,517,000 $ 22,244,000
Securities    
Taxable 1,294,000 1,599,000
Nontaxable 975,000 959,000
Federal funds sold and interest-bearing deposits 466,000 505,000
Total interest income 25,252,000 25,307,000
Interest expense    
Deposits 4,421,000 5,673,000
FHLB advances and federal funds purchased 82,000 447,000
Subordinated debentures 143,000 169,000
Other borrowed money 37,000 11,000
Total interest expense 4,683,000 6,300,000
Net interest income 20,569,000 19,007,000
Provision for credit losses 1,400,000 575,000
Net interest income after provision for credit losses 19,169,000 18,432,000
Noninterest income    
Service charges 908,000 826,000
Net realized gain on sale of loans 1,189,000 477,000
Other income 2,864,000 2,259,000
Total noninterest income 4,961,000 3,562,000
Noninterest expense    
Employee compensation and benefits 9,466,000 8,986,000
Occupancy expenses 2,477,000 2,451,000
Other expenses 4,464,000 4,033,000
Total noninterest expense 16,407,000 15,470,000
Income before income taxes 7,723,000 6,524,000
Income tax provision 1,445,000 1,187,000
Net earnings $ 6,278,000 $ 5,337,000
Basic earnings per share (in USD per share) $ 0.55 $ 0.45
Diluted earnings per share (in USD per share) $ 0.55 $ 0.45