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Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income:    
Interest and fees on loans $ 10,619 $ 9,069
Interest on due from banks 14 45
Interest on investment securities:    
U.S. Government sponsored enterprises 673 606
State and political subdivisions 834 996
Other 43 43
Total interest income 12,183 10,759
Interest expense:    
NOW, MMDA & savings deposits 282 176
Time deposits 151 105
FHLB borrowings 46 0
Junior subordinated debentures 226 171
Other 52 15
Total interest expense 757 467
Net interest income 11,426 10,292
Provision for loan losses 178 31
Net interest income after provision for loan losses 11,248 10,261
Non-interest income:    
Service charges 1,093 1,024
Other service charges and fees 169 180
Gain on sale of securities 231 0
Mortgage banking income 147 216
Insurance and brokerage commissions 231 182
Appraisal management fee income 862 789
Gain on sale of other real estate 0 6
Miscellaneous 1,387 1,339
Total non-interest income 4,120 3,736
Non-interest expense:    
Salaries and employee benefits 5,647 4,962
Occupancy 1,737 1,856
Professional fees 289 380
Advertising 266 241
Debit card expense 227 209
FDIC insurance 72 83
Appraisal management fee expense 662 592
Other 2,016 1,719
Total non-interest expense 10,916 10,042
Earnings before income taxes 4,452 3,955
Income tax expense 785 652
Net earnings $ 3,667 $ 3,303
Basic net earnings per share $ 0.61 $ 0.55
Diluted net earnings per share 0.61 0.55
Cash dividends declared per share $ 0.14 $ 0.13