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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest income:        
Loans, including fees $ 29,750 $ 30,857 $ 89,975 $ 90,825
Investment securities:        
Taxable 889 825 2,656 2,375
Nontaxable 933 918 2,941 2,898
Federal funds sold 103 1,369 801 2,954
Total interest income 31,675 33,969 96,373 99,052
Interest expense:        
Deposits 5,077 7,662 16,854 21,418
FHLB borrowings 1,388 1,612 4,118 4,778
Total interest expense 6,465 9,274 20,972 26,196
Net interest income 25,210 24,695 75,401 72,856
Provision for loan losses (157) 144 4,500 (1,642)
Net interest income after provision for loan losses 25,367 24,551 70,901 74,498
Noninterest income:        
Net gain on sale of loans 2,303 1,197 4,859 2,060
Other noninterest income 77 295 462 982
Gain (loss) on sale of investment securities 0 24 10 (28)
Noninterest income 7,510 6,638 20,208 17,739
Noninterest expenses:        
Salaries and employee benefits 10,108 9,258 29,818 27,310
Occupancy 1,067 986 3,248 3,274
Furniture and equipment 2,028 1,699 5,778 5,036
Office supplies and postage 425 469 1,333 1,370
Advertising and business development 340 607 1,479 1,800
Outside services 2,818 2,729 8,020 7,824
FDIC insurance assessment 223 208 617 612
Other noninterest expense 1,046 648 1,861 1,787
Noninterest expenses 18,055 16,604 52,154 49,013
Income before income taxes 14,822 14,585 38,955 43,224
Income taxes 3,392 3,303 8,739 9,519
Net income $ 11,430 $ 11,282 $ 30,216 $ 33,705
Earnings per share:        
Basic (in dollars per share) $ 1.22 $ 1.21 $ 3.22 $ 3.61
Diluted (in dollars per share) $ 1.22 $ 1.21 $ 3.22 $ 3.61
Trust fees        
Noninterest income:        
Fee income $ 2,494 $ 2,427 $ 7,450 $ 7,107
Service charges and fees        
Noninterest income:        
Fee income $ 2,636 $ 2,695 $ 7,427 $ 7,618