| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Interest income: | ||||||
Loans, including fees | ||||||
65,462 | 49,120 | 41,087 | 28,394 | |||
Investment securities and interest bearing deposits in banks | ||||||
10,292 | 7,071 | 2,723 | 834 | |||
FHLB dividends | ||||||
495 | 446 | 356 | 307 | |||
FRB dividends | ||||||
295 | 223 | 87 | - | |||
FRB dividends | ||||||
- | - | - | 90 | |||
Total interest and dividend income | ||||||
76,544 | 56,860 | 44,253 | 29,625 | |||
Interest expense: | ||||||
Deposits | ||||||
8,165 | 4,462 | 3,908 | 3,074 | |||
Other borrowings | ||||||
567 | 480 | 404 | 0 | |||
Total interest expense | ||||||
8,732 | 4,942 | 4,312 | 3,074 | |||
Net interest income | ||||||
67,812 | 51,918 | 39,941 | 26,551 | |||
Provision for loan losses | ||||||
2,224 | 1,842 | 462 | 598 | |||
Net interest income after provision for loan losses | ||||||
65,588 | 50,076 | 39,479 | 25,953 | |||
Noninterest income: | ||||||
Gain on sale of loans | ||||||
2,999 | 2,061 | 2,173 | 0 | |||
Service charges and other fees | ||||||
2,678 | 2,010 | 1,249 | 607 | |||
Loan servicing and other loan fees | ||||||
1,945 | 1,243 | 566 | 331 | |||
Gain on sale of premises | ||||||
187 | - | - | - | |||
Gain on sale of OREO | ||||||
112 | 70 | 252 | - | |||
Gain on sale of OREO | ||||||
- | - | - | 0 | |||
Other income and fees | ||||||
1,648 | 1,698 | 554 | 420 | |||
Total noninterest income | ||||||
9,569 | 7,082 | 4,794 | 1,358 | |||
Noninterest expense: | ||||||
Salaries and employee benefits | ||||||
28,807 | 21,444 | 17,018 | 10,611 | |||
Occupancy and equipment | ||||||
5,148 | 4,259 | 3,227 | 2,147 | |||
Data processing | ||||||
8,364 | 3,806 | 4,735 | 1,386 | |||
Other expense | ||||||
9,147 | 7,160 | 5,144 | 2,819 | |||
Total noninterest expense | ||||||
51,466 | 36,669 | 30,124 | 16,963 | |||
Income before provision for income taxes | ||||||
23,691 | 20,489 | 14,149 | 10,348 | |||
Provision for income taxes | ||||||
6,373 | 5,996 | 8,889 | 4,436 | |||
Net income | ||||||
17,318 | 14,493 | 5,260 | 5,912 | |||
Earnings per common share : | ||||||
Basic earnings per common share | ||||||
1.47 | 1.50 | 0.81 | 1.10 | |||
Weighted average shares outstanding | ||||||
11,759 | 9,692 | 6,520 | 5,441 | |||
Diluted earnings per common share | ||||||
1.47 | 1.50 | 0.81 | 1.09 | |||
Weighted average shares outstanding | ||||||
11,759 | 9,692 | 6,520 | 5,449 | |||