XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest income        
Loans, including fees $ 22,681 $ 22,996 $ 69,337 $ 67,821
Securities        
Taxable 1,051 1,417 3,532 4,543
Nontaxable 1,074 955 3,135 2,871
Federal funds sold and interest-bearing deposits 150 485 785 1,478
Total interest income 24,956 25,853 76,789 76,713
Interest expense        
Deposits 2,285 5,304 9,746 16,681
FHLB advances and federal funds purchased 141 298 346 1,126
Subordinated debentures 192 156 511 495
Other borrowed money 59 12 156 35
Total interest expense 2,677 5,770 10,759 18,337
Net interest income 22,279 20,083 66,030 58,376
Provision for credit losses (300) 100 13,200 1,250
Net interest income after provision for credit losses 22,579 19,983 52,830 57,126
Noninterest income        
Service charges 717 978 2,196 2,693
Net realized loss on securities transactions     0 (22)
Net realized gain on sale of loans 2,114 910 4,811 2,070
Other income 3,832 2,728 9,604 7,547
Total noninterest income 6,663 4,616 16,611 12,288
Noninterest expense        
Employee compensation and benefits 9,439 8,896 26,982 26,575
Occupancy expenses 2,597 2,448 7,624 7,336
Other expenses 4,722 4,091 13,743 12,388
Total noninterest expense 16,758 15,435 48,349 46,299
Income before income taxes 12,484 9,164 21,092 23,115
Income tax provision 2,350 1,634 3,605 4,205
Net earnings $ 10,134 $ 7,530 $ 17,487 $ 18,910
Basic earnings per share (in USD per share) $ 0.92 $ 0.65 $ 1.57 $ 1.62
Diluted earnings per share (in USD per share) $ 0.92 $ 0.65 $ 1.57 $ 1.62