| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Interest income: | ||||||
Loans, including fees | ||||||
82,939 | 72,101 | 48,863 | 40,853 | |||
Securities: | ||||||
Taxable | ||||||
3,134 | 2,915 | 1,833 | 1,799 | |||
Tax-exempt | ||||||
1,662 | 1,776 | 1,664 | 1,575 | |||
Other | ||||||
1,430 | 1,152 | 1,112 | 499 | |||
Total interest income | ||||||
89,165 | 77,944 | 53,472 | 44,726 | |||
Interest expense: | ||||||
Deposits | ||||||
17,875 | 12,382 | 6,443 | 5,506 | |||
Securities sold under repurchase agreements | ||||||
461 | 399 | 272 | - | |||
Borrowed funds | ||||||
1,162 | 2,064 | 1,017 | - | |||
Securities sold under repurchase agreements | ||||||
- | - | - | 70 | |||
Borrowed funds | ||||||
- | - | - | 356 | |||
Total interest expense | ||||||
19,498 | 14,845 | 7,732 | 5,932 | |||
Net interest income | ||||||
69,667 | 63,099 | 45,740 | 38,794 | |||
Provision for loan losses | ||||||
5,250 | 2,935 | 1,055 | 320 | |||
Net interest income after provision for loan losses | ||||||
64,417 | 60,164 | 44,685 | 38,474 | |||
Noninterest income: | ||||||
Service charges | ||||||
3,506 | 3,493 | 2,950 | 2,747 | |||
Income from Ansay and Associates, LLC ("Ansay") | ||||||
1,792 | 2,114 | 1,663 | 1,583 | |||
Income from UFS, LLC ("UFS") | ||||||
2,935 | 2,563 | 2,390 | 2,133 | |||
Loan servicing income | ||||||
550 | 1,478 | 1,158 | 1,006 | |||
Net gain on sales of mortgage loans | ||||||
1,401 | 617 | 895 | 1,042 | |||
Net gain (loss) on sales of securities | ||||||
634 | -31 | -32 | - | |||
Net gain on sale of other investments | ||||||
234 | - | - | - | |||
Noninterest income from strategic alliances | ||||||
95 | 90 | 94 | 90 | |||
Other | ||||||
1,485 | 1,176 | 698 | 643 | |||
Total noninterest income | ||||||
12,632 | 11,500 | 9,816 | 9,244 | |||
Noninterest expense: | ||||||
Salaries, commissions, and employee benefits | ||||||
22,903 | 21,500 | 16,595 | 13,314 | |||
Occupancy | ||||||
3,860 | 3,498 | 3,097 | 2,573 | |||
Data processing | ||||||
4,509 | 3,619 | 2,939 | 2,473 | |||
Postage, stationery, and supplies | ||||||
591 | 620 | 452 | 362 | |||
Net loss on sales and valuations of OREO | ||||||
73 | -252 | 49 | -31 | |||
Net (gain) loss on sales of securities | ||||||
- | - | - | -225 | |||
Advertising | ||||||
268 | 220 | 183 | 201 | |||
Charitable contributions | ||||||
566 | 985 | 495 | 463 | |||
Outside service fees | ||||||
3,041 | 3,132 | 3,317 | 2,670 | |||
Amortization of intangibles | ||||||
1,069 | 756 | 132 | 18 | |||
Other | ||||||
6,026 | 5,029 | 3,201 | 2,769 | |||
Total noninterest expense | ||||||
42,760 | 39,611 | 30,362 | 25,099 | |||
Income before provision for income taxes | ||||||
34,289 | 32,053 | 24,139 | 22,619 | |||
Provision for income taxes | ||||||
7,595 | 6,597 | 8,826 | 7,706 | |||
Net Income | ||||||
26,694 | 25,456 | 15,313 | 14,913 | |||
Earnings per share - basic | ||||||
3.91 | 3.81 | 2.44 | 2.40 | |||
Earnings per share - diluted | ||||||
3.87 | 3.81 | 2.44 | 2.40 | |||
Dividends per share | ||||||
0.80 | 0.68 | 0.64 | 0.59 | |||