| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Interest income | ||||||
Interest and fees on loans | ||||||
141,388 | 123,895 | 107,368 | 103,723 | 100,786 | ||
Securities | ||||||
5,954 | 6,020 | 5,347 | 3,801 | 2,814 | ||
Other interest-earning assets | ||||||
5,333 | 5,030 | 3,204 | 2,427 | 1,925 | ||
Equity investments | ||||||
720 | 814 | 740 | - | - | ||
Total interest income | ||||||
153,395 | 135,759 | 116,659 | 109,951 | 105,525 | ||
Interest expense | ||||||
Deposits | ||||||
15,999 | 10,586 | 7,652 | 7,073 | 6,501 | ||
Federal Home Loan Bank advances | ||||||
1,386 | 73 | - | - | - | ||
Federal Home Loan Bank advances and repurchase agreements | ||||||
3 | 4 | 5 | 5 | 4 | ||
Note payable and junior subordinated debt | ||||||
19 | 435 | 1,228 | - | - | ||
Note payable | ||||||
- | - | - | 1,061 | 932 | ||
Junior subordinated debt | ||||||
- | - | - | 266 | 217 | ||
Total interest expense | ||||||
17,407 | 11,098 | 8,885 | 8,405 | 7,654 | ||
Net interest income | ||||||
135,988 | 124,661 | 107,774 | 101,546 | 97,871 | ||
Total provision for credit losses | ||||||
2,385 | -1,756 | -338 | 4,575 | 6,950 | ||
Net interest income after provision for credit losses | ||||||
133,603 | 126,417 | 108,112 | 96,971 | 90,921 | ||
Noninterest income | ||||||
Deposit account service charges | ||||||
6,554 | 6,281 | 5,800 | 6,538 | 6,912 | ||
Card interchange fees | ||||||
3,720 | 3,741 | 3,453 | 3,352 | 3,331 | ||
Gain on redemption of junior subordinated debt | ||||||
- | - | - | - | 1,025 | ||
Earnings on bank-owned life insurance | ||||||
5,011 | 1,815 | 1,580 | 1,356 | 1,357 | ||
Net gain on sales of assets | ||||||
652 | 660 | 1,524 | 1,922 | 783 | ||
Other | ||||||
2,691 | 1,755 | 1,847 | 2,581 | 1,559 | ||
Total noninterest income | ||||||
18,628 | 14,252 | 14,204 | 15,749 | 14,967 | ||
Noninterest expense | ||||||
Salaries and employee benefits | ||||||
56,222 | 51,524 | 48,573 | 44,239 | 41,601 | ||
Occupancy expense | ||||||
9,506 | 9,394 | 9,151 | 10,100 | 9,844 | ||
Professional and director fees | ||||||
7,048 | 3,537 | 3,105 | 2,481 | 2,462 | ||
Data processing and software | ||||||
2,678 | 2,677 | 2,629 | 2,484 | 2,416 | ||
Regulatory fees | ||||||
1,138 | 2,053 | 2,176 | 2,300 | 2,206 | ||
Correspondent bank and customer related transaction expenses | ||||||
268 | 265 | 286 | 320 | 325 | ||
Loan processing costs | ||||||
445 | 448 | 461 | 509 | 619 | ||
Advertising, marketing and business development | ||||||
1,831 | 1,824 | 1,461 | 789 | 925 | ||
Telephone and communications | ||||||
1,774 | 1,530 | 1,316 | 1,444 | 1,386 | ||
Repossessed real estate and other asset expense | ||||||
1 | 72 | 609 | 318 | 228 | ||
Security and protection expense | ||||||
1,464 | 1,276 | 1,355 | 1,718 | 1,619 | ||
Software | ||||||
1,757 | 1,576 | 1,208 | 679 | - | ||
Printing, stationery and office | ||||||
1,302 | 1,161 | 1,097 | 1,194 | 1,573 | ||
Amortization of intangibles | ||||||
894 | 985 | 1,079 | 1,167 | 1,305 | ||
Merger expense | ||||||
- | - | - | - | 1,374 | ||
Other expenses | ||||||
3,815 | 3,694 | 3,786 | 3,760 | 3,078 | ||
Total noninterest expense | ||||||
90,143 | 82,016 | 78,292 | 73,502 | 70,961 | ||
Net income before income tax expense | ||||||
62,088 | 58,653 | 44,024 | 39,218 | 34,927 | ||
Income tax expense | ||||||
11,571 | 11,364 | 16,453 | 12,010 | 10,791 | ||
Net income | ||||||
50,517 | 47,289 | 27,571 | 27,208 | 24,136 | ||
Earnings per common share | ||||||
Basic | ||||||
2.03 | 1.90 | 1.23 | 1.23 | 1.07 | ||
Diluted | ||||||
2.02 | 1.89 | 1.22 | 1.22 | 1.06 | ||