XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Income (Unaudited) - 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 $ 16,723 $ 10,521 $ 31,403 $ 20,623
Debt securities:        
U.S. Treasury and government agencies 816 612 1,529 1,235
Municipalities 211 289 422 570
Dividends 76 53 164 108
Federal funds sold and other 457 62 627 137
Total interest income 18,283 11,537 34,145 22,673
Interest Expense        
Deposits 3,339 1,389 5,952 2,708
Federal funds purchased and securities sold under agreements to repurchase 141 118 326 242
Borrowed funds 269 20 556 40
Total interest expense 3,749 1,527 6,834 2,990
Net Interest Income - Before Provision for Loan Losses 14,534 10,010 27,311 19,683
Provision for Loan Losses 133 132 163 172
Net Interest Income After Provision For Loan Losses 14,401 9,878 27,148 19,511
Noninterest Income        
Net gain on sale of loans 196 301 298 433
Net loss on sale of available-for-sale securities     (26)  
Total noninterest income 2,981 2,806 5,676 5,416
Noninterest Expense        
Salaries and wages 3,830 3,225 8,142 6,535
Employee benefits 1,223 848 2,817 1,984
Net occupancy expense 614 441 1,281 828
Furniture and equipment 763 565 1,459 1,072
Data processing 376 305 1,675 636
Franchise taxes 229 228 487 467
ATM expense 418 333 865 645
Advertising 382 247 642 433
Net (gain) loss on sale of other assets owned 28 (1) 43 16
FDIC assessment 98 81 194 168
Mortgage servicing rights amortization 105 95 180 180
Consulting fees 95 178 208 288
Other general and administrative 1,551 1,093 3,230 2,026
Total noninterest expense 9,712 7,638 21,223 15,278
Income Before Income Taxes 7,670 5,046 11,601 9,649
Income Taxes 1,490 932 2,197 1,768
Net Income $ 6,180 $ 4,114 $ 9,404 $ 7,881
Basic and Diluted Earnings Per Share $ 0.56 $ 0.44 $ 0.85 $ 0.85
Dividends Declared $ 0.15 $ 0.14 $ 0.30 $ 0.27
Customer Service Fees [Member]        
Noninterest Income        
Noninterest income $ 1,694 $ 1,465 $ 3,272 $ 2,931
Other Service Charges and Fees [Member]        
Noninterest Income        
Noninterest income $ 1,091 $ 1,040 $ 2,132 $ 2,052