| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
INTEREST INCOME: | ||||||
Loans, including fees | ||||||
221,363 | 148,223 | 110,331 | 93,356 | 85,443 | 50,243 | 36,960 |
Securities: | ||||||
Taxable | ||||||
6,975 | 2,725 | 2,111 | 1,807 | 1,122 | 1,435 | 957 |
Tax-exempt | ||||||
2,934 | 5,802 | 6,334 | 5,044 | 2,002 | 416 | 69 |
Deposits in other financial institutions | ||||||
1,635 | 1,473 | 662 | 571 | 239 | 311 | 352 |
Total interest income | ||||||
232,907 | 158,223 | 119,438 | 100,778 | 88,806 | 52,405 | 38,338 |
INTEREST EXPENSE: | ||||||
Demand, money market and savings deposits | ||||||
18,307 | 6,478 | 3,159 | 2,437 | 2,001 | 1,261 | 1,236 |
Certificates and other time deposits | ||||||
26,656 | 15,478 | 9,060 | 7,044 | 5,272 | 4,081 | 3,196 |
Borrowed funds | ||||||
4,675 | 4,788 | 2,922 | 945 | 789 | 229 | 15 |
Subordinated debt | ||||||
3,732 | 2,900 | 629 | 488 | 578 | 0 | - |
Short-term borrowings | ||||||
- | - | - | - | - | 0 | - |
Total interest expense | ||||||
53,370 | 29,644 | 15,770 | 10,914 | 8,640 | 5,571 | 4,447 |
NET INTEREST INCOME | ||||||
179,537 | 128,579 | 103,668 | 89,864 | 80,166 | 46,834 | 33,891 |
Provision for loan losses | ||||||
5,939 | 4,248 | 13,188 | 5,469 | 5,792 | 2,150 | 240 |
Net interest income after provision for loan losses | ||||||
173,598 | 124,331 | 90,480 | 84,395 | 74,374 | 44,684 | 33,651 |
NONINTEREST INCOME: | ||||||
Gain on sale of branch assets | ||||||
- | - | - | 2,050 | 0 | 0 | - |
Gain on sale of securities | ||||||
1,459 | - | 18 | 30 | -37 | 82 | - |
(Loss) gain on sale of other real estate and other repossessed assets | ||||||
26 | -428 | 6 | 266 | -5 | 188 | 201 |
Gain on sale of loans | ||||||
- | - | - | - | 235 | 0 | - |
Bank owned life insurance income | ||||||
624 | 579 | 585 | 626 | 604 | 0 | - |
Rebate from correspondent bank | ||||||
3,580 | 2,609 | 1,327 | 650 | 254 | - | - |
Other | ||||||
5,604 | 3,329 | 2,457 | 2,308 | 1,558 | 1,392 | 778 |
Total noninterest income | ||||||
13,423 | 7,713 | 5,861 | 7,268 | 3,992 | 2,607 | 1,639 |
NONINTEREST EXPENSE: | ||||||
Salaries and employee benefits | ||||||
77,593 | 56,704 | 44,745 | 38,858 | 35,324 | 20,179 | 15,371 |
Net occupancy and equipment | ||||||
8,179 | 5,845 | 5,452 | 4,944 | 4,826 | 3,316 | 2,420 |
Depreciation | ||||||
3,192 | 2,132 | 1,637 | 1,627 | 1,614 | 1,084 | 813 |
Data processing and software amortization | ||||||
7,464 | 5,120 | 4,047 | 2,633 | 3,044 | 1,658 | 1,202 |
Professional fees | ||||||
2,333 | 2,009 | 2,926 | 2,234 | 1,671 | 2,294 | 1,681 |
Regulatory assessments and FDIC insurance | ||||||
1,705 | 2,309 | 2,273 | 1,581 | 1,346 | 848 | 602 |
Core deposit intangibles amortization | ||||||
4,711 | 1,815 | 781 | 785 | 830 | 298 | 37 |
Communications | ||||||
1,839 | 1,185 | 983 | 1,055 | 1,290 | 684 | 432 |
Advertising | ||||||
2,367 | 1,725 | 1,289 | 945 | 781 | 601 | 582 |
Acquisition and merger-related expenses | ||||||
1,326 | 1,661 | - | - | - | - | - |
Other | ||||||
9,926 | 6,282 | 5,829 | 4,596 | 4,079 | 2,496 | 1,458 |
Total noninterest expense | ||||||
120,635 | 86,787 | 69,962 | 59,258 | 54,805 | 33,458 | 24,598 |
INCOME BEFORE INCOME TAXES | ||||||
66,386 | 45,257 | 26,379 | 32,405 | 23,561 | 13,833 | 10,692 |
Provision for income taxes | ||||||
13,427 | 7,948 | 8,747 | 9,554 | 7,775 | 4,828 | 3,853 |
NET INCOME | ||||||
- | - | - | - | 15,786 | 9,005 | 6,839 |
Preferred stock dividends | ||||||
- | - | - | - | 559 | 0 | - |
NET INCOME | ||||||
52,959 | 37,309 | 17,632 | 22,851 | 15,227 | 9,005 | 6,839 |
EARNINGS PER SHARE: | ||||||
Basic | ||||||
2.50 | 2.41 | 1.34 | 1.78 | 1.45 | 1.29 | 1.25 |
Diluted | ||||||
2.47 | 2.37 | 1.31 | 1.75 | 1.43 | 1.26 | 1.22 |
Deposit Account, Nonsufficient Funds Fee | ||||||
Revenue from contract with customer | ||||||
658 | 755 | 685 | 661 | 703 | 455 | 331 |
Deposit Account, Service Charge Fee | ||||||
Revenue from contract with customer | ||||||
1,472 | 869 | 783 | 677 | 680 | 490 | 329 |