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Unaudited Consolidated Statements of Income - 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 $ 12,101 $ 10,583 $ 23,723 $ 21,408
Interest-bearing time deposits in other banks 497 142 914 291
Interest-bearing deposits in other banks 468 412 1,006 778
Total interest income 13,066 11,137 25,643 22,477
Interest Expense        
Deposits 2,483 1,640 4,707 3,059
Other borrowings 0 58 0 118
Total interest expense 2,483 1,698 4,707 3,177
Net Interest Income 10,583 9,439 20,936 19,300
Provision for Loan Losses 0 0 0 100
Net Interest Income After Provision for Loan Losses 10,583 9,439 20,936 19,200
Noninterest Income        
Secondary market income 40 38 77 78
Service charges on deposit accounts 109 93 169 173
Other 146 355 272 499
Total noninterest income 295 486 518 750
Noninterest Expense        
Salaries and employee benefits 2,365 1,845 4,536 3,995
Furniture and equipment 218 152 377 309
Occupancy 378 288 721 579
Data and item processing 276 235 538 468
Accounting, marketing and legal fees 142 110 289 144
Regulatory assessments 31 125 63 251
Advertising and public relations 92 163 278 350
Travel, lodging and entertainment 92 165 134 358
Other 454 463 867 768
Total noninterest expense 4,048 3,546 7,803 7,222
Income Before Taxes 6,830 6,379 13,651 12,728
Income tax expense 1,704 0 3,409 0
Net Income $ 5,126 $ 6,379 $ 10,242 $ 12,728
Earnings per common share - basic (in dollars per share) $ 0.50 $ 0.88 $ 1.00 $ 1.75
Earnings per common share - diluted (in dollars per share) $ 0.50 $ 0.88 $ 1.00 $ 1.75
Weighted average common shares outstanding - basic (in shares) 10,187,500 7,287,500 10,187,500 7,287,500
Weighted average common shares outstanding - diluted (in shares) 10,192,649 7,287,500 10,187,500 7,287,500