| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
INTEREST INCOME | ||||||
Loans, including fees | ||||||
93,022 | 80,110 | 64,436 | 55,837 | 44,562 | 32,762 | 28,971 |
Investment securities | ||||||
9,559 | 10,912 | 9,181 | - | - | - | - |
Investment securities available-for-sale | ||||||
- | - | - | 5,698 | - | - | - |
Investment securities | ||||||
- | - | - | - | 3,301 | 3,109 | 2,917 |
Interest and dividends on other interest-earning assets | ||||||
3,266 | 3,738 | 2,201 | 1,738 | 1,104 | 671 | 649 |
Total interest income | ||||||
105,847 | 94,760 | 75,818 | 63,273 | 48,967 | 36,542 | 32,537 |
INTEREST EXPENSE | ||||||
Interest on deposits | ||||||
20,392 | 12,506 | 7,934 | 5,460 | 3,618 | 2,889 | 3,116 |
Interest on Federal Home Loan Bank advances | ||||||
817 | 2,400 | 1,500 | - | - | - | - |
Interest on Federal Home Loan Bank advances | ||||||
- | - | - | 558 | 290 | 437 | 467 |
Interest on federal funds purchased and securities sold under agreements to repurchase | ||||||
- | - | - | 213 | 79 | 123 | 32 |
Interest on federal funds purchased and securities sold under agreements to repurchase | ||||||
479 | 304 | 222 | - | - | - | - |
Interest on long-term debt | ||||||
3,295 | 3,304 | 3,294 | 3,285 | 858 | 0 | 0 |
Other | ||||||
- | - | - | 38 | 78 | 0 | 0 |
Total interest expense | ||||||
24,983 | 18,513 | 12,986 | 9,554 | 4,923 | 3,449 | 3,615 |
NET INTEREST INCOME BEFORE PROVISION FOR CREDIT LOSSES | ||||||
80,864 | 76,247 | 62,832 | 53,719 | 44,044 | 33,093 | 28,922 |
Provision for loan losses | ||||||
2,712 | 1,946 | 3,218 | 3,816 | 8,035 | 488 | 246 |
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES | ||||||
78,152 | 74,301 | 59,614 | 49,903 | 36,009 | 32,605 | 28,676 |
NONINTEREST INCOME | ||||||
Service charges | ||||||
3,587 | 3,215 | 2,734 | 1,972 | - | - | - |
Gain (loss) on sales of securities | ||||||
907 | -1,855 | -63 | - | - | - | - |
Service charges | ||||||
- | - | - | - | 2,613 | 1,170 | 935 |
Gains (losses) on sale of securities | ||||||
- | - | - | 44 | 10 | 59 | 167 |
Gain (loss) on sales of other assets | ||||||
127 | -154 | 742 | 388 | 189 | 0 | 500 |
Mortgage income | ||||||
- | - | - | - | 163 | 0 | 0 |
Trust income | ||||||
- | 1,025 | 1,814 | 1,411 | 192 | 0 | 0 |
Derivatives income (loss) | ||||||
-322 | 308 | 156 | - | - | - | - |
Derivatives income | ||||||
- | - | - | 260 | 304 | 245 | 541 |
Bank owned life insurance | ||||||
1,546 | 1,506 | 1,530 | 1,610 | 2,159 | 932 | 833 |
SBA lending activities | ||||||
4,178 | 3,606 | 4,129 | 3,642 | 2,910 | 2,264 | 44 |
TriNet lending activities | ||||||
- | - | - | - | 0 | 0 | - |
Gains on sale of branches | ||||||
- | - | - | - | 0 | 0 | - |
Gain on sale of trust business | ||||||
0 | 1,681 | 0 | 0 | - | - | - |
Other noninterest income | ||||||
702 | 715 | 1,137 | 2,654 | 859 | 672 | 855 |
Total noninterest income | ||||||
10,725 | 10,047 | 12,179 | 11,981 | 9,399 | 5,342 | 3,875 |
NONINTEREST EXPENSE | ||||||
Salaries and employee benefits | ||||||
34,537 | 31,766 | 33,130 | 28,682 | 24,098 | 18,608 | 17,318 |
Occupancy | ||||||
2,888 | 2,972 | 2,516 | 2,218 | 2,170 | 1,721 | 1,597 |
Equipment and software | ||||||
3,103 | 2,817 | 2,341 | 2,175 | 1,295 | 921 | 830 |
Professional services | ||||||
2,908 | 3,511 | 4,591 | 2,860 | 1,610 | 1,055 | 860 |
Postage, printing and supplies | ||||||
137 | 166 | 244 | 360 | 178 | 91 | 98 |
Communications and data processing | ||||||
3,199 | 2,676 | 2,625 | 1,938 | 1,541 | 1,253 | 1,131 |
Marketing and business development | ||||||
845 | 710 | 798 | 1,004 | 410 | 323 | 384 |
FDIC premiums | ||||||
217 | 562 | 697 | 1,037 | 789 | 643 | 589 |
Merger and conversion costs | ||||||
- | - | 304 | 2,742 | 9,154 | 0 | 0 |
Amortization of intangibles | ||||||
- | - | - | - | 526 | 0 | - |
Foreclosed property/problem asset expense | ||||||
- | - | - | - | 70 | 7 | - |
Other noninterest expense | ||||||
5,274 | 4,811 | 5,588 | 7,083 | 4,092 | 1,952 | 2,086 |
Total noninterest expense | ||||||
53,108 | 49,991 | 52,834 | 50,099 | 45,933 | 26,574 | 24,893 |
INCOME FROM CONTINUING OPERATIONS BEFORE PROVISION FOR INCOME TAXES | ||||||
35,769 | 34,357 | 18,959 | 11,785 | -525 | 11,373 | 7,658 |
Provision for income taxes | ||||||
7,611 | 6,307 | 23,715 | 4,221 | 794 | 3,857 | 2,515 |
NET INCOME FROM CONTINUING OPERATIONS | ||||||
28,158 | 28,050 | -4,756 | 7,564 | - | - | - |
Income (loss) from discontinued operations | ||||||
28,690 | 643 | 1,689 | 9,559 | - | - | - |
Provision (benefit) for income taxes | ||||||
6,993 | 161 | 659 | 3,728 | - | - | - |
Net income (loss) from discontinued operations | ||||||
21,697 | 482 | 1,030 | 5,831 | - | - | - |
NET INCOME | ||||||
49,855 | 28,532 | -3,726 | 13,395 | -1,319 | 7,516 | 5,143 |
Net income (loss) per common share ‑ basic | ||||||
Net income per common share - continuing operations | ||||||
1.21 | 1.08 | -0.19 | 0.31 | - | - | - |
Net income (loss) per common share - discontinued operations (in dollars per share) | ||||||
0.93 | 0.02 | 0.04 | 0.23 | - | - | - |
Net income per common share - basic | ||||||
2.14 | 1.10 | -0.15 | 0.54 | -0.09 | 0.56 | 0.38 |
Net income (loss) per common share ‑ diluted | ||||||
Net income per common share - continuing operations | ||||||
1.20 | 1.07 | -0.19 | 0.30 | - | - | - |
Net income (loss) per common share - discontinued operations | ||||||
0.92 | 0.02 | 0.04 | 0.23 | - | - | - |
Net income per common share - diluted | ||||||
2.12 | 1.09 | -0.15 | 0.53 | -0.09 | 0.55 | 0.38 |