| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Interest Income | ||||||
Loans, including fees | ||||||
48,200 | 44,279 | 41,450 | 32,254 | |||
Interest income derived from funds time deposited with both domestic and foreign financial institutions including funds in money market and other accounts. | ||||||
1,709 | 588 | 592 | 574 | |||
Interest-bearing deposits in other banks | ||||||
1,800 | 1,933 | 828 | 325 | |||
Total interest income | ||||||
51,709 | 46,800 | 42,870 | 33,153 | |||
Interest Expense | ||||||
Deposits | ||||||
9,516 | 6,994 | 4,502 | 3,041 | |||
Other borrowings | ||||||
0 | 175 | 237 | 262 | |||
Total interest expense | ||||||
9,516 | 7,169 | 4,739 | 3,303 | |||
Net Interest Income | ||||||
42,193 | 39,631 | 38,131 | 29,850 | |||
Provision for loan losses | ||||||
0 | 200 | 1,246 | 1,554 | |||
Net Interest Income After Provision for Loan Losses | ||||||
42,193 | 39,431 | 36,885 | 28,296 | |||
Noninterest Income | ||||||
Amount of revenue earned, classified as secondary market income, excluding interest income. | ||||||
164 | 212 | 183 | 56 | |||
The non-interest income earned through service charges on deposit accounts including account maintenance and analysis fees and transaction-based fees. Account maintenance and analysis fees consist primarily of account fees and analyzed account fees charged on deposit accounts on a monthly basis. | ||||||
392 | 347 | 336 | 346 | |||
Other | ||||||
752 | 772 | 916 | 1,241 | |||
Total noninterest income | ||||||
1,308 | 1,331 | 1,435 | 1,643 | |||
Noninterest Expense | ||||||
Salaries and employee benefits | ||||||
21,265 | 8,113 | 7,611 | 6,516 | |||
Furniture and equipment | ||||||
829 | 684 | 831 | 693 | |||
Occupancy | ||||||
1,677 | 1,310 | 1,049 | 1,006 | |||
Data and item processing | ||||||
1,078 | 966 | 891 | 949 | |||
The amount of expense incurred for accounting, marketing and legal fees during the period. | ||||||
757 | 305 | 284 | 246 | |||
Regulatory charges includes FDIC insurance expense and examination and other fees paid to federal and state regulatory authorities. | ||||||
126 | 542 | 450 | 638 | |||
Advertising and public relations | ||||||
588 | 553 | 433 | 534 | |||
Travel, lodging and entertainment | ||||||
368 | 699 | 1,041 | 543 | |||
Other | ||||||
1,744 | 1,793 | 1,941 | 1,997 | |||
Total noninterest expense | ||||||
28,432 | 14,965 | 14,531 | 13,122 | |||
Income Before Taxes | ||||||
15,069 | 25,797 | 23,789 | 16,817 | |||
Income tax expense | ||||||
6,844 | 797 | 0 | 0 | |||
Net Income | ||||||
8,225 | 25,000 | 23,789 | 16,817 | |||
Basic (in dollars per share) | ||||||
0.81 | 3.08 | 3.26 | 2.31 | |||
Diluted (in dollars per share) | ||||||
0.81 | 3.03 | 3.26 | 2.31 | |||
Denominator for basic earnings per common share (in shares) | ||||||
10,145 | 8,105 | 7,287 | 7,287 | |||
Denominator for diluted earnings per share (in shares) | ||||||
10,147 | 8,237 | 7,287 | 7,287 | |||