| Dec'19 | Dec'18 | Dec'17 | ||||
|---|---|---|---|---|---|---|
Interest income | ||||||
Loans, including fees | ||||||
81,305 | 67,229 | 54,996 | ||||
Investment securities available for sale | ||||||
924 | 1,041 | 1,068 | ||||
Federal funds sold and other | ||||||
1,125 | 857 | 602 | ||||
Total interest income | ||||||
83,354 | 69,127 | 56,666 | ||||
Interest expense | ||||||
Deposits, includes payments to related parties of $383 and $519 for the three months ended March 31, 2020 and March 31, 2019, respectively. | ||||||
13,689 | 9,792 | 6,434 | ||||
Borrowed funds | ||||||
2,153 | 1,447 | 1,321 | ||||
Total interest expense | ||||||
15,842 | 11,239 | 7,755 | ||||
Net interest income | ||||||
67,512 | 57,888 | 48,911 | ||||
Provision for loan losses | ||||||
2,791 | 2,140 | 2,655 | ||||
Net interest income after provision for loan losses | ||||||
64,721 | 55,748 | 46,256 | ||||
Noninterest income | ||||||
Gain (loss) on sale of investment securities available for sale | ||||||
26 | -2 | - | ||||
Loss on sale of investment securities available for sale | ||||||
- | - | 0 | ||||
Loss on sale of foreclosed real estate | ||||||
0 | -21 | -52 | ||||
Loss on disposal of premises and equipment | ||||||
0 | -276 | -77 | ||||
Other fees and charges | ||||||
393 | 414 | 427 | ||||
Total noninterest income | ||||||
24,518 | 16,124 | 15,149 | ||||
Noninterest expenses | ||||||
Salaries and employee benefits | ||||||
32,586 | 25,164 | 23,819 | ||||
Occupancy and equipment | ||||||
4,360 | 4,319 | 3,829 | ||||
Professional fees | ||||||
2,871 | 2,124 | 1,874 | ||||
Data processing | ||||||
15,512 | 14,184 | 9,621 | ||||
Advertising | ||||||
2,066 | 1,460 | 1,922 | ||||
Loan processing | ||||||
1,894 | 1,077 | 1,409 | ||||
Other real estate owned expenses, net | ||||||
122 | 28 | 32 | ||||
Other operating | ||||||
7,114 | 5,767 | 4,800 | ||||
Total noninterest expenses | ||||||
66,525 | 54,123 | 47,306 | ||||
Income before income taxes | ||||||
22,714 | 17,749 | 14,099 | ||||
Income tax expense | ||||||
5,819 | 4,982 | 6,990 | ||||
Net Income (Loss) Attributable to Parent | ||||||
16,895 | 12,767 | 7,109 | ||||
Basic earnings per share (in dollars per share) | ||||||
1.23 | 1.05 | 0.63 | ||||
Diluted earnings per share (in dollars per share) | ||||||
1.21 | 1.02 | 0.62 | ||||
Weighted average common shares outstanding: | ||||||
Basic (in shares) | ||||||
13,733 | 12,116 | 11,261 | ||||
Diluted (in shares) | ||||||
13,968 | 12,462 | 11,428 | ||||
Service charges on deposits | ||||||
Noninterest income | ||||||
542 | 484 | 460 | ||||
Credit card fees | ||||||
Noninterest income | ||||||
7,602 | 6,048 | 4,014 | ||||
Mortgage banking revenue | ||||||
Noninterest income | ||||||
15,955 | 9,477 | 10,377 | ||||