| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|
INTEREST AND DIVIDEND INCOME | ||||||||
Interest and fees on loans | ||||||||
84,572 | 45,639 | 40,055 | 35,702 | 33,841 | 34,371 | 32,808 | 32,691 | 34,334 |
Interest-bearing deposits and federal funds sold | ||||||||
1,199 | 337 | 129 | 102 | 107 | 79 | 143 | 210 | - |
Interest-bearing deposits and federal funds sold | ||||||||
- | - | - | - | - | - | - | - | 154 |
Securities | ||||||||
9,709 | 4,039 | 3,482 | 2,697 | 1,928 | 2,266 | 2,216 | 2,242 | 3,038 |
Total interest and dividend income | ||||||||
95,480 | 50,015 | 43,666 | 38,501 | 35,876 | 36,716 | 35,167 | 35,143 | 37,526 |
INTEREST EXPENSE | ||||||||
Interest on deposits | ||||||||
9,274 | 5,150 | 3,648 | 2,981 | 3,486 | 4,529 | 5,204 | 7,633 | 10,568 |
Short-term borrowings | ||||||||
822 | 402 | 252 | 292 | 123 | 201 | 1,414 | 763 | 1,261 |
Long-term borrowings | ||||||||
1,012 | 752 | 219 | 0 | 0 | 212 | 219 | 1,502 | 1,901 |
Subordinated debentures | ||||||||
- | - | - | - | 103 | 223 | 213 | 216 | 238 |
Total interest expense | ||||||||
11,108 | 6,304 | 4,119 | 3,273 | 3,712 | 5,165 | 7,050 | 10,114 | 13,968 |
Net interest income | ||||||||
84,372 | 43,711 | 39,547 | 35,228 | 32,164 | 31,551 | 28,117 | 25,029 | 23,558 |
Provision for loan losses | ||||||||
6,919 | 2,120 | 150 | 0 | 675 | 1,515 | 1,149 | - | - |
Provision for loan losses | ||||||||
- | - | - | - | - | - | - | -2,816 | -6,064 |
Net interest income after provision for loan losses | ||||||||
77,453 | 41,591 | 39,397 | 35,228 | 31,489 | 30,036 | 26,968 | 22,213 | 17,494 |
NONINTEREST INCOME | ||||||||
Service charges and fees | ||||||||
1,998 | 971 | 903 | 695 | 691 | 666 | 693 | 666 | 536 |
Gain on sale of loans | ||||||||
20,080 | 25,164 | 19,633 | 15,146 | 21,109 | 55,749 | 35,345 | 32,501 | 49,262 |
Mortgage broker fee income | ||||||||
- | - | - | - | - | 54 | 627 | 1,642 | 918 |
Other income | ||||||||
10,014 | 5,668 | 5,529 | 3,459 | 6,350 | -1,675 | -236 | -149 | 6,250 |
Total noninterest income | ||||||||
32,092 | 31,803 | 26,065 | 19,300 | 28,150 | 54,794 | 36,429 | 34,660 | 56,966 |
NONINTEREST EXPENSE | ||||||||
Salaries and benefits | ||||||||
43,915 | 31,778 | 26,966 | 22,654 | 25,289 | 31,481 | 25,415 | 22,047 | 28,122 |
Occupancy and equipment | ||||||||
3,575 | 1,685 | 1,594 | 1,602 | 1,660 | 1,720 | 2,152 | 2,061 | 1,726 |
Furniture and equipment | ||||||||
3,303 | 1,359 | 1,446 | 1,219 | 919 | 1,002 | 779 | 545 | 771 |
Other operating expenses | ||||||||
30,275 | 12,968 | 11,860 | 7,543 | 11,330 | 22,196 | 17,376 | 20,118 | 28,352 |
Total noninterest expense | ||||||||
81,068 | 47,790 | 41,866 | 33,018 | 39,198 | 56,399 | 45,722 | 44,771 | 58,971 |
Income before income taxes | ||||||||
- | - | - | 21,510 | 20,441 | 28,431 | 17,675 | 12,102 | 15,489 |
Income (loss) before income taxes and undistributed income of subsidiaries | ||||||||
28,477 | 25,604 | 23,596 | - | - | - | - | - | - |
Income tax expense | ||||||||
11,977 | 9,200 | 8,177 | 7,585 | 7,234 | 10,708 | 6,287 | 4,526 | 5,854 |
Net Income | ||||||||
16,500 | 16,404 | 15,419 | 13,925 | 13,207 | 17,723 | 11,388 | 7,576 | 9,635 |
Earnings per common share: | ||||||||
Basic (in dollars per share) | ||||||||
0.92 | 1.55 | 1.46 | 1.33 | 1.28 | 1.73 | 1.11 | 0.72 | 0.93 |
Diluted (in dollars per share) | ||||||||
0.92 | 1.54 | 1.46 | 1.33 | 1.27 | 1.71 | 1.10 | 0.72 | 0.92 |
Average outstanding shares: | ||||||||
Basic (in shares) | ||||||||
17,988 | 10,586 | 10,513 | 10,424 | 10,319 | 10,253 | 10,277 | 10,503 | 10,391 |
Diluted (in shares) | ||||||||
18,076 | 10,677 | 10,581 | 10,466 | 10,403 | 10,363 | 10,344 | 10,525 | 10,432 |