| Sep'17 | Sep'16 | Sep'15 | Sep'14 | Sep'13 | Sep'12 | Sep'11 |
|---|---|---|---|---|---|---|
Interest income: | ||||||
Loans receivable | ||||||
50,333 | 43,548 | 36,375 | 35,003 | 38,815 | 44,194 | 41,361 |
Taxable investment securities | ||||||
4,296 | 3,742 | 3,655 | 3,617 | - | - | - |
Nontaxable investment securities | ||||||
18 | 11 | 12 | 66 | - | - | - |
Mortgage-backed securities and collateralized mortgage obligations | ||||||
- | - | - | - | 3,194 | 3,368 | 3,943 |
Federal Home Loan Bank stock | ||||||
162 | 154 | 142 | 134 | 122 | 114 | 91 |
Other investment securities available for sale | ||||||
- | - | - | - | 175 | 261 | 153 |
Interest-earning deposits in other financial institutions | ||||||
893 | 216 | 93 | 331 | 328 | 161 | 235 |
Certificates of deposit held at other financial institutions | ||||||
147 | 105 | 0 | 0 | - | - | - |
Restricted securities | ||||||
11 | 5 | 0 | 0 | - | - | - |
Amortization of FDIC loss share receivable | ||||||
0 | 0 | 2,387 | 3,507 | 0 | 0 | - |
Total interest income | ||||||
55,861 | 47,784 | 37,892 | 35,647 | 42,636 | 48,101 | 45,786 |
Interest expense: | ||||||
Deposits | ||||||
4,792 | 3,452 | 2,727 | 3,255 | 4,242 | 6,594 | 9,395 |
Borrowings | ||||||
1,422 | 1,955 | 2,285 | 2,474 | - | - | - |
Floating rate junior subordinated debt | ||||||
504 | 221 | 0 | 0 | - | - | - |
Borrowings | ||||||
- | - | - | - | 3,118 | 3,994 | 5,831 |
Total interest expense | ||||||
6,719 | 5,629 | 5,012 | 5,729 | 7,361 | 10,589 | 15,227 |
Net interest income | ||||||
49,141 | 42,154 | 32,879 | 29,917 | 35,275 | 37,512 | 30,558 |
Provision for loan losses | ||||||
-900 | -250 | 0 | -712 | 1,489 | - | - |
Provision for loan losses, not covered under FDIC loss sharing agreements | ||||||
- | - | - | - | - | 3,300 | 1,700 |
Provision for covered loan losses | ||||||
- | - | - | - | - | 1,201 | 1,200 |
Net interest income after provision for loan losses | ||||||
50,041 | 42,404 | 32,879 | 30,630 | 33,785 | 33,010 | 27,658 |
Noninterest income: | ||||||
Service charges on deposit accounts | ||||||
7,641 | 7,043 | 6,449 | 5,815 | 5,316 | 5,066 | 5,851 |
Bankcard fees | ||||||
5,510 | 4,953 | 4,032 | 3,556 | 2,437 | 1,945 | - |
Gain on investment securities available for sale | ||||||
247 | 48 | -27 | 200 | 249 | 939 | 774 |
Total impairment losses on securities | ||||||
- | - | - | - | - | 2,573 | 5,598 |
Portion of losses recognized in other comprehensive income | ||||||
- | - | - | - | - | -2,300 | -3,302 |
Net impairment losses recognized in earnings | ||||||
- | - | - | - | - | 273 | 2,296 |
Gain (loss) on sale of other assets held for sale | ||||||
- | - | - | - | - | -146 | - |
Loss on sale of other assets held for sale | ||||||
- | - | - | - | - | - | -349 |
Bank owned life insurance | ||||||
1,195 | 1,225 | 1,245 | 1,252 | 993 | 1,057 | 1,096 |
Gain on sale of loans | ||||||
2,418 | 2,118 | 1,612 | 1,103 | 1,334 | 961 | 655 |
Loan servicing fees | ||||||
- | - | - | - | - | - | 388 |
Brokerage commissions | ||||||
726 | 650 | 732 | 590 | 588 | 557 | 693 |
Recoveries on acquired loans previously covered under FDIC-assisted acquisitions | ||||||
412 | 3,625 | 0 | 0 | - | - | - |
FDIC receivable for loss sharing agreements impairment | ||||||
0 | 0 | 2,434 | 174 | - | - | - |
Acquisition gain | ||||||
- | - | - | - | - | - | 1,095 |
FDIC receivable for loss sharing agreements accretion | ||||||
- | - | - | - | 33 | 1,461 | 1,035 |
Other | ||||||
1,086 | 1,298 | 719 | 1,932 | 698 | 1,341 | 346 |
Total noninterest income | ||||||
19,238 | 20,964 | 12,329 | 14,277 | 11,652 | 12,912 | 9,291 |
Noninterest expenses: | ||||||
Salaries and employee benefits | ||||||
26,431 | 25,655 | 20,712 | 19,763 | 18,458 | 19,332 | 15,762 |
Occupancy | ||||||
5,202 | 5,139 | 4,380 | 4,415 | 7,302 | 7,799 | 6,528 |
Data processing | ||||||
4,929 | 4,427 | 2,931 | 2,912 | - | - | - |
FHLB advance prepayment penalty | ||||||
- | - | - | - | - | - | 809 |
Legal and professional | ||||||
1,864 | 2,314 | 1,382 | 1,681 | 1,922 | 1,627 | 2,105 |
Marketing | ||||||
1,631 | 1,590 | 1,639 | 1,594 | 1,294 | 1,875 | 1,619 |
Federal insurance premiums and other regulatory fees | ||||||
759 | 859 | 755 | 891 | 589 | 1,351 | 1,252 |
Net cost (benefit) of operations of real estate owned | ||||||
367 | 334 | -35 | -434 | -1,016 | -2,144 | -1,341 |
Furniture and equipment | ||||||
880 | 870 | 881 | 727 | 828 | 919 | 772 |
Postage, office supplies and printing | ||||||
929 | 868 | 872 | 865 | 1,082 | 1,025 | 962 |
Core deposit intangible amortization expense | ||||||
560 | 415 | 266 | 380 | 476 | 547 | 237 |
Other | ||||||
3,700 | 3,591 | 2,972 | 2,542 | 3,340 | 3,680 | 2,558 |
Total noninterest expenses | ||||||
46,522 | 45,398 | 36,831 | 36,210 | 36,313 | 40,304 | 33,950 |
Income before income taxes | ||||||
22,757 | 17,970 | 8,377 | 8,697 | 9,124 | 5,617 | 2,999 |
Income tax expense | ||||||
8,321 | 6,106 | 2,805 | 2,742 | 2,868 | 639 | 694 |
Net income | ||||||
14,436 | 11,863 | 5,572 | 5,955 | - | - | - |
Net income | ||||||
- | - | - | - | 6,256 | 4,978 | 2,305 |
Basic net income per share (in dollars per share) | ||||||
1.01 | 0.83 | 0.35 | 0.29 | 0.30 | 0.26 | 0.12 |
Diluted net income per share (in dollars per share) | ||||||
0.95 | 0.79 | 0.34 | 0.28 | 0.30 | 0.26 | 0.12 |
Weighted average number of common shares outstanding (in shares) | ||||||
14,316 | 14,371 | 15,717 | 20,591 | 20,629 | 19,501 | 19,799 |
Weighted average number of common and potential common shares outstanding (in shares) | ||||||
15,153 | 14,983 | 16,399 | 21,101 | 20,792 | 19,537 | 19,845 |