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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income      
Interest and fees on loans $ 51,829 $ 55,720 $ 48,108
Interest on securities available for sale 1,177 1,353 985
Other interest income 650 1,706 975
Total interest income 53,656 58,779 50,068
Interest expense      
Interest on deposits 8,292 14,507 8,964
Interest on borrowed funds     147
Total interest expense 8,292 14,507 9,111
Net interest income 45,364 44,272 40,957
Provision for loan losses 5,961 1,102 1,267
Net interest income after provision for loan losses 39,403 43,170 39,690
Noninterest income      
Service charges on deposits 1,132 1,695 1,897
Loan servicing fees, net of amortization 1,856 1,186 1,078
Gain on sale of loans 6,092 5,905 4,880
Other income 1,691 2,640 1,474
Total noninterest income 10,771 11,426 9,329
Noninterest expense      
Salaries and employee benefits 20,041 20,267 18,195
Occupancy and equipment 4,974 4,648 4,111
Data processing and communication 1,682 1,530 1,231
Professional fees 1,101 980 921
FDIC insurance and regulatory assessments 449 259 405
Promotion and advertising 467 806 814
Directors’ fees 700 908 851
Foundation donation and other contributions 1,335 1,586 1,441
Other expenses 1,191 1,536 1,593
Total noninterest expense 31,940 32,520 29,562
Income before income taxes 18,234 22,076 19,457
Provision for income taxes 5,107 5,319 5,204
Net income $ 13,127 $ 16,757 $ 14,253
Basic EPS $ 0.85 $ 1.04 $ 0.92
Diluted EPS $ 0.85 $ 1.03 $ 0.89