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Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Loans:        
Taxable $ 7,742 $ 6,853 $ 14,845 $ 13,288
Tax-exempt 24 26 47 52
Investment securities:        
Taxable 1,046 1,493 2,390 2,986
Tax-exempt 829 921 1,677 1,851
Total interest income 9,641 9,293 18,959 18,177
Interest expense:        
Deposits 461 1,380 1,444 2,711
Borrowings 165 432 398 789
Total interest expense 626 1,812 1,842 3,500
Net interest income 9,015 7,481 17,117 14,677
Provision for loan losses 400 400 1,600 600
Net interest income after provision for loan losses 8,615 7,081 15,517 14,077
Non-interest income:        
Fees and service charges 1,754 1,931 3,716 3,620
Gains on sales of loans, net [1] 4,824 1,742 6,017 2,862
Bank owned life insurance [1] 154 160 308 319
(Losses)/gains on sales of investment securities, net (146) 1,770 (146)
Other 240 301 514 589
Total non-interest income 6,972 3,988 12,325 7,244
Non-interest expense:        
Compensation and benefits 5,253 4,251 9,835 8,394
Occupancy and equipment 1,063 1,100 2,142 2,162
Professional fees 351 443 714 839
Data processing 439 414 864 828
Amortization of intangibles 424 291 701 555
Advertising 151 169 301 335
Federal deposit insurance premiums 64 69 102 137
Foreclosure and real estate owned expense 17 26 42 67
Other 1,354 1,202 2,522 2,376
Total non-interest expense 9,116 7,965 17,223 15,693
Earnings before income taxes 6,471 3,104 10,619 5,628
Income tax expense 1,371 506 2,156 847
Net earnings [2] $ 5,100 $ 2,598 $ 8,463 $ 4,781
Earnings per share:        
Earnings Per Share, Basic [2],[3] $ 1.13 $ 0.57 $ 1.87 $ 1.04
Diluted (1) [2],[3] 1.13 0.56 1.86 1.04
Dividends per share (1) [3] $ 0.20 $ 0.19 $ 0.40 $ 0.38
[1] Not within the scope of ASC 606.
[2] Share and per share values for the periods ended June 30, 2019 have been adjusted to give effect to the 5% stock dividend paid during December 2019.
[3] Per share amounts for the periods ended June 30, 2019 have been adjusted to give effect to the 5% stock dividend paid during December 2019.