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CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income        
Loans, including fees $ 24,139 $ 22,581 $ 46,656 $ 44,825
Securities        
Taxable 1,187 1,527 2,481 3,126
Nontaxable 1,086 957 2,061 1,916
Federal funds sold and interest-bearing deposits 169 488 635 993
Total interest income 26,581 25,553 51,833 50,860
Interest expense        
Deposits 3,040 5,704 7,461 11,377
FHLB advances and federal funds purchased 123 381 205 828
Subordinated debentures 176 170 319 339
Other borrowed money 60 12 97 23
Total interest expense 3,399 6,267 8,082 12,567
Net interest income 23,182 19,286 43,751 38,293
Provision for credit losses 12,100 575 13,500 1,150
Net interest income after provision for credit losses 11,082 18,711 30,251 37,143
Noninterest income        
Service charges 571 889 1,479 1,715
Net realized loss on securities transactions   (22) 0 (22)
Net realized gain on sale of loans 1,508 683 2,697 1,160
Other income 2,908 2,560 5,772 4,819
Total noninterest income 4,987 4,110 9,948 7,672
Noninterest expense        
Employee compensation and benefits 8,077 8,693 17,543 17,679
Occupancy expenses 2,550 2,437 5,027 4,888
Other expenses 4,557 4,264 9,021 8,297
Total noninterest expense 15,184 15,394 31,591 30,864
Income before income taxes 885 7,427 8,608 13,951
Income tax (benefit) provision (190) 1,384 1,255 2,571
Net earnings $ 1,075 $ 6,043 $ 7,353 $ 11,380
Basic earnings per share (in USD per share) $ 0.10 $ 0.52 $ 0.65 $ 0.97
Diluted earnings per share (in USD per share) $ 0.10 $ 0.52 $ 0.65 $ 0.97