| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Interest income | ||||||
Loans | ||||||
147,921 | 133,252 | 79,300 | 51,137 | 41,020 | 31,317 | 27,731 |
Investment securities | ||||||
27,424 | 26,222 | 14,941 | 9,274 | 8,176 | 6,083 | 4,999 |
Dividends from Federal Home Loan Bank stock | ||||||
1,203 | 1,004 | 496 | 374 | 328 | 158 | 111 |
Federal Funds sold | ||||||
- | - | - | - | 0 | 0 | - |
Other interest income | ||||||
568 | 580 | 350 | 129 | 80 | 98 | 107 |
Total interest income | ||||||
177,116 | 161,058 | 95,087 | 60,914 | 49,604 | 37,656 | 32,948 |
Interest expense | ||||||
Deposits | ||||||
27,106 | 18,727 | 9,387 | 5,972 | 4,367 | 3,483 | 3,339 |
Short-term borrowed funds | ||||||
8,328 | 6,064 | 1,888 | 509 | 331 | 106 | 239 |
Long-term debt | ||||||
2,432 | 2,457 | 1,978 | 2,272 | 1,906 | 2,013 | 2,140 |
Total interest expense | ||||||
37,866 | 27,248 | 13,253 | 8,753 | 6,604 | 5,602 | 5,718 |
Net interest income | ||||||
139,250 | 133,810 | 81,834 | 52,161 | 43,000 | 32,054 | 27,230 |
Provision for loan losses | ||||||
2,580 | 2,059 | 779 | - | 0 | 0 | -860 |
Net interest income after provision for loan losses | ||||||
136,670 | 131,751 | 81,055 | 52,161 | 43,000 | 32,054 | 28,090 |
Noninterest income | ||||||
Mortgage banking income | ||||||
19,326 | 15,295 | 15,140 | 17,226 | 17,417 | 11,908 | 29,914 |
Deposit service charges | ||||||
6,814 | 7,755 | 4,643 | 3,688 | 3,496 | 2,065 | 1,558 |
Net loss on extinguishment of debt | ||||||
-178 | - | - | -1,868 | -1,251 | -58 | -19 |
Net gain (loss) on sale of securities | ||||||
3,891 | -1,946 | 933 | 706 | 1,493 | 1,084 | -1,125 |
Fair value adjustments on interest rate swaps | ||||||
-3,659 | -340 | 382 | 590 | -1,111 | -1,170 | 428 |
Net gain on sale of servicing assets | ||||||
- | - | - | - | - | 775 | 5,489 |
Net increase in cash value life insurance | ||||||
1,591 | 1,530 | 1,116 | 902 | 726 | 731 | 374 |
Mortgage loan servicing income | ||||||
10,107 | 9,052 | 6,790 | 5,748 | 5,313 | 5,077 | 6,583 |
Debit card income, net | ||||||
4,839 | 4,809 | 2,308 | 1,189 | - | - | - |
Other | ||||||
4,379 | 3,741 | 2,604 | 1,116 | 1,596 | 736 | 884 |
Total noninterest income | ||||||
47,110 | 39,896 | 33,916 | 29,297 | 27,679 | 21,148 | 44,086 |
Noninterest expense | ||||||
Salaries and employee benefits | ||||||
53,822 | 53,517 | 37,827 | 31,475 | 28,629 | 23,308 | 23,590 |
Occupancy and equipment | ||||||
16,902 | 15,961 | 10,347 | 7,942 | 7,228 | 4,858 | 3,450 |
Marketing and public relations | ||||||
1,614 | 1,330 | 1,417 | 1,428 | 1,434 | 1,251 | 1,088 |
FDIC insurance | ||||||
502 | 1,090 | 721 | 702 | 698 | 581 | 588 |
Recovery of mortgage loan repurchase losses | ||||||
-400 | -600 | -900 | -1,000 | -1,000 | -750 | 2,438 |
Legal expense | ||||||
438 | 422 | 507 | 306 | 407 | 438 | 926 |
Other real estate expense (income), net | ||||||
422 | -13 | 54 | 20 | 138 | 638 | 622 |
Mortgage subservicing expense | ||||||
2,872 | 2,468 | 1,986 | 1,857 | 1,634 | 1,392 | 1,862 |
Amortization of mortgage servicing rights | ||||||
5,721 | 4,206 | 2,966 | 2,312 | 1,986 | 1,795 | 2,444 |
Impairment of mortgage servicing rights | ||||||
3,100 | - | - | - | - | - | - |
Amortization of core deposit intangible | ||||||
2,910 | 3,139 | 1,037 | 407 | - | - | - |
Merger related expenses | ||||||
2,753 | 15,216 | 8,301 | 3,245 | 0 | 0 | - |
Settlement of employment agreements | ||||||
- | - | - | - | - | - | 2,639 |
Other | ||||||
12,436 | 12,472 | 9,182 | 7,386 | 8,045 | 7,932 | 6,325 |
Total noninterest expense | ||||||
103,092 | 109,208 | 73,445 | 56,040 | 49,199 | 41,443 | 45,972 |
Income before income taxes | ||||||
80,688 | 62,439 | 41,526 | 25,418 | 21,480 | 11,759 | 26,204 |
Income tax expense | ||||||
17,948 | 12,769 | 12,961 | 7,848 | 7,060 | 3,448 | 9,386 |
Net income | ||||||
62,740 | 49,670 | 28,565 | 17,570 | 14,420 | 8,311 | 16,818 |
Earnings per common share: | ||||||
Basic | ||||||
2.83 | 2.28 | 1.75 | 1.45 | 1.51 | 0.89 | 2.19 |
Diluted | ||||||
2.80 | 2.26 | 1.73 | 1.42 | 1.48 | 0.87 | 2.12 |
Dividends declared per common share | ||||||
0.36 | 0.25 | 0.17 | - | - | - | - |
Weighted average common shares outstanding: | ||||||
Basic | ||||||
22,168 | 21,756 | 16,317 | 12,080 | 9,537 | 9,314 | 7,682 |
Diluted | ||||||
22,385 | 21,972 | 16,550 | 12,352 | 9,718 | 9,507 | 7,917 |