XML 21 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest income:        
Interest and fees on loans $ 11,004 $ 9,907 $ 32,517 $ 28,362
Interest on due from banks 87 86 136 255
Interest on investment securities:        
U.S. Government sponsored enterprises 628 591 1,942 1,721
State and political subdivisions 671 974 2,265 2,950
Other 40 50 128 138
Total interest income 12,430 11,608 36,988 33,426
Interest expense:        
NOW, MMDA & savings deposits 455 189 1,057 551
Time deposits 259 127 581 342
FHLB borrowings 21 0 70 0
Junior subordinated debentures 210 209 656 578
Other 49 32 168 66
Total interest expense 994 557 2,532 1,537
Net interest income 11,436 11,051 34,456 31,889
Provision for loan losses 422 110 677 372
Net interest income after provision for loan losses 11,014 10,941 33,779 31,517
Non-interest income:        
Service charges 1,178 1,083 3,409 3,163
Other service charges and fees 202 173 548 528
Gain (loss) on sale of investment securities (5) 0 226 50
Mortgage banking income 376 216 834 672
Insurance and brokerage commissions 206 206 642 591
Appraisal management fee income 1,311 799 3,285 2,442
Gain/(loss) on sale and write-down of other real estate (1) 14 (18) 17
Miscellaneous 1,441 1,424 4,287 4,204
Total non-interest income 4,708 3,915 13,213 11,667
Non-interest expense:        
Salaries and employee benefits 5,695 5,519 17,060 15,866
Occupancy 1,861 1,761 5,409 5,367
Professional fees 237 314 955 1,067
Advertising 234 207 775 708
Debit card expense 201 282 667 774
FDIC insurance (36) 81 116 248
Appraisal management fee expense 1,012 627 2,538 1,873
Other 2,063 1,911 5,907 5,401
Total non-interest expense 11,267 10,702 33,427 31,304
Earnings before income taxes 4,455 4,154 13,565 11,880
Income tax expense 834 687 2,464 1,934
Net earnings $ 3,621 $ 3,467 $ 11,101 $ 9,946
Basic net earnings per share $ 0.62 $ 0.58 $ 1.87 $ 1.66
Diluted net earnings per share 0.61 0.57 1.86 1.65
Cash dividends declared per share $ 0.14 $ 0.13 $ 0.42 $ 0.39