| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Interest and dividend income | |||||||||
Loans, including fees | |||||||||
84,972 | 64,196 | 51,198 | 47,186 | 44,784 | 40,032 | 38,776 | 40,048 | 41,604 | 44,252 |
Taxable securities | |||||||||
6,584 | 4,770 | 3,745 | 3,319 | 3,232 | 3,443 | 3,763 | 4,710 | 5,490 | 5,813 |
Tax-exempt securities | |||||||||
5,647 | 3,976 | 3,153 | 2,666 | 2,583 | 2,356 | 2,211 | 1,895 | 1,675 | 1,818 |
Federal funds sold and other | |||||||||
851 | 735 | 498 | 396 | 102 | 139 | 131 | 109 | - | - |
Federal funds sold and other | |||||||||
- | - | - | - | - | - | - | - | 92 | 42 |
Total interest and dividend income | |||||||||
98,054 | 73,677 | 58,594 | 53,567 | 50,701 | 45,970 | 44,881 | 46,762 | 48,861 | 51,925 |
Interest expense | |||||||||
Deposits | |||||||||
8,057 | 3,758 | 2,342 | 1,996 | 2,087 | 2,292 | 2,788 | 3,800 | 5,091 | 7,183 |
Federal Home Loan Bank advances | |||||||||
3,452 | 2,471 | 695 | 405 | 442 | 1,015 | 1,358 | 1,530 | 1,606 | 2,394 |
Subordinated debentures | |||||||||
1,423 | 1,320 | 1,035 | 884 | 760 | 777 | 740 | 833 | 770 | 817 |
Securities sold under agreements to repurchase and other | |||||||||
- | - | - | - | 20 | - | - | - | - | - |
Securities sold under agreements to repurchase | |||||||||
22 | 21 | 20 | 23 | - | 20 | 21 | 21 | - | - |
Other | |||||||||
- | - | - | - | - | - | - | - | 33 | 70 |
Total interest expense | |||||||||
12,954 | 7,570 | 4,092 | 3,308 | 3,309 | 4,104 | 4,907 | 6,184 | 7,500 | 10,464 |
Net interest income | |||||||||
85,100 | 66,107 | 54,502 | 50,259 | 47,392 | 41,866 | 39,974 | 40,578 | 41,361 | 41,461 |
Provision for loan losses | |||||||||
1,035 | 780 | - | -1,300 | 1,200 | 1,500 | 1,100 | 6,400 | - | - |
Provision for loan losses | |||||||||
- | - | - | - | - | - | - | - | 9,800 | 17,940 |
Net interest income after provision for loan losses | |||||||||
84,065 | 65,327 | 54,502 | 51,559 | 46,192 | 40,366 | 38,874 | 34,178 | 31,561 | 23,521 |
Noninterest income | |||||||||
Service charges | |||||||||
6,395 | 5,208 | 4,777 | 4,832 | - | - | - | - | - | - |
Net gain on sale of securities | |||||||||
32 | -413 | 12 | 19 | - | - | - | - | - | - |
Net gain (loss) on equity securities | |||||||||
121 | 26 | - | - | - | - | - | - | - | - |
Service charges | |||||||||
- | - | - | - | 4,708 | 4,257 | 4,457 | 4,329 | 4,550 | 4,556 |
Net gain (loss) on sale of securities | |||||||||
- | - | - | - | -18 | 113 | - | - | - | - |
Net gain (loss) on sale of securities | |||||||||
- | - | - | - | - | - | 204 | 40 | -8 | 212 |
Net gain on sale of loans | |||||||||
2,707 | 1,621 | 1,745 | 1,750 | 1,106 | 659 | 753 | 624 | 139 | 3 |
ATM/Interchange fees | |||||||||
4,056 | 2,794 | 2,304 | 2,094 | - | - | - | - | - | - |
Wealth management fees | |||||||||
3,670 | 3,669 | 3,068 | 2,678 | - | - | - | - | - | - |
ATM fees | |||||||||
- | - | - | - | 1,986 | 1,850 | 1,740 | 1,868 | 1,814 | 1,752 |
Wealth management fees | |||||||||
- | - | - | - | 2,823 | 3,130 | - | - | - | - |
Trust fees | |||||||||
- | - | - | - | - | - | 2,627 | 2,163 | 2,063 | 1,864 |
Bank owned life insurance | |||||||||
1,007 | 718 | 573 | 563 | 467 | 492 | 555 | 627 | 643 | 472 |
Tax refund processing fees | |||||||||
2,750 | 2,750 | 2,750 | 2,750 | 2,000 | 2,324 | 430 | - | - | - |
Computer center item processing fees | |||||||||
273 | 260 | 246 | 251 | 267 | 260 | 248 | 259 | 256 | 257 |
Loss on sale of fixed assets | |||||||||
- | - | - | - | - | - | - | - | - | -79 |
Net gain (loss) on sale of other real estate owned | |||||||||
- | 18 | -28 | 152 | 199 | 44 | 120 | 118 | -425 | -320 |
Impairment loss on investment securities | |||||||||
- | - | - | - | - | - | - | - | - | 575 |
Other | |||||||||
1,432 | 1,480 | 887 | 1,043 | 740 | 745 | 928 | 1,172 | 985 | 940 |
Total noninterest income | |||||||||
22,443 | 18,131 | 16,334 | 16,132 | 14,278 | 13,874 | 12,062 | 11,200 | 10,442 | 9,481 |
Noninterest expense | |||||||||
Compensation expense | |||||||||
39,156 | 37,299 | 29,253 | 25,323 | 23,630 | 22,293 | 24,758 | 20,487 | - | - |
Salaries, wages and benefits | |||||||||
- | - | - | - | - | - | - | - | 19,349 | 17,212 |
Net occupancy expense | |||||||||
3,835 | 3,363 | 2,689 | 2,700 | 2,416 | 2,256 | 2,209 | 2,159 | 2,195 | 2,356 |
Equipment expense | |||||||||
2,246 | 1,654 | 1,564 | 1,641 | 1,503 | 1,421 | 1,273 | 1,223 | 1,399 | 1,522 |
Contracted data processing | |||||||||
1,831 | 7,140 | 1,838 | 1,546 | 1,821 | 1,560 | 1,327 | 962 | 820 | 929 |
FDIC assessment | |||||||||
138 | 536 | 502 | 611 | 864 | 905 | 1,008 | 847 | 1,222 | 1,580 |
State franchise tax | |||||||||
1,843 | 1,370 | 1,024 | 923 | 847 | 888 | 1,130 | - | - | - |
State franchise tax | |||||||||
- | - | - | - | - | - | - | 1,059 | 969 | 984 |
Professional services | |||||||||
2,844 | 4,229 | 2,300 | 1,895 | 2,461 | 1,855 | 1,677 | 1,505 | 1,259 | 1,383 |
Amortization of intangible assets | |||||||||
945 | 366 | 586 | 699 | 711 | 769 | 846 | 974 | 1,162 | 1,218 |
ATM expense | |||||||||
1,887 | 1,069 | 847 | 605 | 674 | 806 | 650 | 630 | 603 | 688 |
Marketing | |||||||||
1,411 | 1,182 | 817 | 929 | 1,039 | 1,604 | 1,055 | 625 | 640 | 630 |
Software maintenance expense | |||||||||
1,523 | 1,136 | 774 | - | - | - | - | - | - | - |
Repossession expense | |||||||||
- | - | - | 253 | 508 | 673 | 964 | - | - | - |
Repossession expense | |||||||||
- | - | - | - | - | - | - | 1,186 | 837 | 944 |
Other operating expenses | |||||||||
9,288 | 7,335 | 6,410 | 6,730 | 6,470 | 6,520 | 6,487 | 6,417 | 6,318 | 6,256 |
Total noninterest expense | |||||||||
66,947 | 66,679 | 48,604 | 43,855 | 42,944 | 41,550 | 43,384 | 38,074 | 37,198 | 36,101 |
Income before taxes | |||||||||
39,561 | 16,779 | 22,232 | 23,836 | 17,526 | 12,690 | 7,552 | - | - | - |
Income before taxes | |||||||||
- | - | - | - | - | - | - | 7,304 | 4,805 | -3,099 |
Income tax expense | |||||||||
5,683 | 2,640 | 6,360 | 6,619 | 4,781 | 3,162 | 1,373 | 1,725 | 847 | -1,831 |
Net Income | |||||||||
33,878 | 14,139 | 15,872 | 17,217 | 12,745 | 9,528 | 6,179 | 5,579 | 3,958 | -1,268 |
Preferred stock dividends | |||||||||
647 | 959 | 1,244 | 1,501 | 1,577 | 1,873 | - | - | - | - |
Preferred stock dividends | |||||||||
- | - | - | - | - | - | 1,159 | 1,193 | 1,176 | 1,176 |
Net income available to common shareholders | |||||||||
33,231 | 13,180 | 14,628 | 15,716 | 11,168 | 7,655 | 5,020 | 4,386 | 2,782 | -2,444 |
Earnings per common share, basic | |||||||||
2.12 | 1.10 | 1.48 | 1.96 | 1.43 | 0.99 | 0.65 | 0.57 | - | - |
Earnings per common share, diluted | |||||||||
2.01 | 1.02 | 1.28 | 1.57 | 1.17 | 0.85 | 0.64 | 0.57 | - | - |
Earnings per common share, basic and diluted | |||||||||
- | - | - | - | - | - | - | - | 0.36 | -0.32 |
Weighted average basic common shares | |||||||||
- | - | - | - | - | - | - | - | 7,707,917 | - |
Weighted average diluted common shares | |||||||||
- | - | - | - | - | - | - | - | 7,707,917 | - |