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CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest income        
Loans, including fees $ 18,242 $ 15,214 $ 34,498 $ 29,629
Securities        
Taxable 1,598 1,401 3,187 2,712
Nontaxable 932 920 1,846 1,842
Federal funds sold and interest-bearing deposits 254 257 533 745
Total interest income 21,026 17,792 40,064 34,928
Interest expense        
Deposits 4,004 2,627 7,278 5,031
FHLB advances and federal funds purchased 374 58 588 137
Subordinated debentures 176 188 343 395
Other borrowed money 13 120 24 325
Total interest expense 4,567 2,993 8,233 5,888
Net interest income 16,459 14,799 31,831 29,040
Provision for loan losses 650 800 1,250 1,450
Net interest income after provision for loan losses 15,809 13,999 30,581 27,590
Noninterest income        
Service charges 852 938 1,740 1,815
Net realized (loss) gain on securities transactions (51) 25 (51) 25
Net realized gain on sale of loans 678 472 1,234 901
Other income 2,437 2,081 4,658 4,057
Total noninterest income 3,916 3,516 7,581 6,798
Noninterest expense        
Employee compensation and benefits 7,789 6,440 15,567 13,427
Occupancy expenses 2,006 1,866 3,859 3,614
Other expenses 4,274 3,600 7,777 6,910
Total noninterest expense 14,069 11,906 27,203 23,951
Income before income taxes 5,656 5,609 10,959 10,437
Income tax provision 1,022 1,633 1,966 2,945
Net earnings $ 4,634 $ 3,976 $ 8,993 $ 7,492
Basic earnings per share (in USD per share) $ 0.41 $ 0.40 $ 0.80 $ 0.80
Diluted earnings per share (in USD per share) $ 0.41 $ 0.39 $ 0.80 $ 0.79