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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest income:        
Loans, including fees $ 29,652 $ 27,652 $ 86,342 $ 77,388
Securities:        
Taxable 2,021 1,736 6,013 3,323
Non taxable 226 530 669 2,646
Federal funds sold and interest-bearing deposits in banks 1,766 813 5,154 3,065
Total interest income 33,665 30,731 98,178 86,422
Interest expense:        
Deposits 5,627 4,670 17,655 11,959
Notes payable & other borrowings 581 541 1,849 1,444
Subordinated debt securities 404 245 1,213 735
Junior subordinated deferrable interest debentures 485 487 1,510 1,339
Total interest expense 7,097 5,943 22,227 15,477
Net interest income 26,568 24,788 75,951 70,945
Provision for loan losses 420 3,415 1,903 5,733
Net interest income, after provision for loan losses 26,148 21,373 74,048 65,212
Noninterest income:        
Service charges on deposit accounts 2,101 1,979 5,985 5,757
Income from insurance activities 1,114 1,462 4,074 3,992
Net gain on sales of loans 6,626 5,172 17,521 15,382
Bank card services and interchange fees 2,192 2,101 6,273 6,110
Investment commissions 419 424 1,245 1,300
Other 1,663 2,157 4,795 5,190
Total noninterest income 14,115 13,295 39,893 37,731
Noninterest expense:        
Salaries and employee benefits 18,135 18,044 56,044 53,463
Occupancy and equipment, net 3,486 3,388 10,309 10,103
Professional services 1,852 1,474 5,169 4,303
Marketing and development 762 671 2,275 2,249
IT and data services 722 564 2,104 1,667
Bank card expenses 864 665 2,394 1,988
Appraisal expenses 467 455 1,197 1,095
Other 3,740 3,385 10,502 10,077
Total noninterest expense 30,028 28,646 89,994 84,945
Income before income taxes 10,235 6,022 23,947 17,998
Income tax expense (benefit) 1,977 1,109 4,836 (5,429)
Net income $ 8,258 $ 4,913 $ 19,111 $ 23,427
Earnings per share:        
Basic (in dollars per share) $ 0.46 $ 0.33 $ 1.16 $ 1.59
Diluted (in dollars per share) $ 0.45 $ 0.33 $ 1.15 $ 1.59
Net income $ 8,258 $ 4,913 $ 19,111 $ 23,427
Other comprehensive income (loss):        
Change in net unrealized loss on securities available for sale 116 (2,811) 7,433 (6,012)
Tax effect (25) 970 (1,562) 970
Other comprehensive income (loss) 91 (1,841) 5,871 (5,042)
Comprehensive income $ 8,349 $ 3,072 $ 24,982 18,385
Pro Forma [Member]        
Noninterest expense:        
Income tax expense (benefit)       3,104
Net income       $ 14,894
Earnings per share:        
Basic (in dollars per share)       $ 1.01
Diluted (in dollars per share)       $ 1.01
Net income       $ 14,894