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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income      
Loans, including fees $ 93,335 $ 90,980 $ 77,170
Securities      
Taxable 4,565 5,916 6,317
Nontaxable 4,189 3,830 3,770
Federal funds sold and interest-bearing deposits 953 1,835 1,201
Total interest income 103,042 102,561 88,458
Interest expense      
Deposits 11,624 21,611 16,941
FHLB advances and federal funds purchased 470 1,389 1,865
Subordinated debentures 702 648 687
Other borrowed money 264 43 49
Total interest expense 13,060 23,691 19,542
Net interest income 89,982 78,870 68,916
Provision for credit losses 13,200 1,250 2,250
Net interest income after provision for credit losses 76,782 77,620 66,666
Noninterest income      
Service charges 3,064 3,715 3,600
Net realized loss on securities transactions 0 (22) (50)
Net realized gain on sale of loans 6,834 2,850 2,308
Other income 13,139 10,419 9,445
Total noninterest income 23,037 16,962 15,303
Noninterest expense      
Employee compensation and benefits 37,193 35,907 32,122
Occupancy expenses 10,220 9,834 8,398
Other expenses 19,109 16,784 16,254
Total noninterest expense 66,522 62,525 56,774
Income before income taxes 33,297 32,057 25,195
Income tax provision 5,895 5,778 4,599
Net earnings $ 27,402 $ 26,279 $ 20,596
Basic earnings per share (in USD per share) $ 2.47 $ 2.26 $ 1.78
Diluted earnings per share (in USD per share) $ 2.46 $ 2.25 $ 1.77