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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income:        
Loans, including fees $ 28,592 $ 25,627 $ 56,690 $ 49,736
Securities:        
Taxable 1,816 792 3,992 1,587
Non taxable 218 1,021 443 2,116
Federal funds sold and interest-bearing deposits in banks 1,883 968 3,388 2,252
Total interest income 32,509 28,408 64,513 55,691
Interest expense:        
Deposits 6,139 3,796 12,028 7,289
Notes payable & other borrowings 618 473 1,268 903
Subordinated debt securities 403 245 809 490
Junior subordinated deferrable interest debentures 512 455 1,025 852
Total interest expense 7,672 4,969 15,130 9,534
Net interest income 24,837 23,439 49,383 46,157
Provision for loan losses 875 1,540 1,483 2,318
Net interest income, after provision for loan losses 23,962 21,899 47,900 43,839
Noninterest income:        
Service charges on deposit accounts 1,979 1,861 3,884 3,778
Income from insurance activities 1,210 1,135 2,960 2,530
Net gain on sales of loans 6,235 5,899 10,895 10,210
Bank card services and interchange fees 2,071 2,051 4,081 4,009
Investment commissions 493 425 826 875
Other 1,715 1,597 3,132 3,034
Total noninterest income 13,703 12,968 25,778 24,436
Noninterest expense:        
Salaries and employee benefits 18,784 17,818 37,909 35,419
Occupancy and equipment, net 3,416 3,391 6,823 6,715
Professional services 1,611 1,400 3,317 2,829
Marketing and development 796 760 1,513 1,578
IT and data services 689 553 1,382 1,103
Bank card expenses 806 659 1,530 1,323
Appraisal expenses 407 354 730 639
Other 3,421 3,487 6,762 6,693
Total noninterest expense 29,930 28,422 59,966 56,299
Income before income taxes 7,735 6,445 13,712 11,976
Income tax expense (benefit) 1,655 (6,568) 2,859 (6,538)
Net income $ 6,080 $ 13,013 $ 10,853 $ 18,514
Earnings per share:        
Basic (in dollars per share) $ 0.37 $ 0.88 $ 0.69 $ 1.25
Diluted (in dollars per share) $ 0.37 $ 0.88 $ 0.69 $ 1.25
Net income $ 6,080 $ 13,013 $ 10,853 $ 18,514
Other comprehensive income (loss):        
Change in net unrealized loss on securities available for sale 4,410 (1,011) 7,317 (4,171)
Tax effect (926) 970 (1,537) 970
Other comprehensive income (loss) 3,484 (41) 5,780 (3,201)
Comprehensive income $ 9,564 12,972 $ 16,633 15,313
Pro Forma [Member]        
Noninterest expense:        
Income tax expense (benefit)   969   1,852
Net income   $ 5,333   $ 9,981
Earnings per share:        
Basic (in dollars per share)   $ 0.36   $ 0.68
Diluted (in dollars per share)   $ 0.36   $ 0.68
Net income   $ 5,333   $ 9,981