| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 |
|---|---|---|---|---|---|---|
Interest income: | ||||||
Interest and fees on loans | ||||||
49,987 | 38,712 | 32,324 | 27,027 | 27,597 | 27,468 | 30,804 |
Interest on tax exempt loans | ||||||
402 | 380 | 337 | 141 | 68 | 67 | 84 |
Taxable securities | ||||||
7,191 | 7,025 | 5,628 | 5,223 | 4,139 | 3,445 | 2,926 |
Tax-exempt securities | ||||||
2,601 | 3,117 | 1,510 | 379 | 347 | 370 | 636 |
Interest-earning deposits | ||||||
1,716 | 676 | 210 | 75 | 95 | 31 | 21 |
Other | ||||||
717 | 619 | 511 | 299 | 199 | 70 | 96 |
Total interest and dividend income | ||||||
62,614 | 50,529 | 40,520 | 33,144 | 32,445 | 31,451 | 34,567 |
Interest expense: | ||||||
Deposits | ||||||
8,118 | 4,474 | 3,964 | 4,334 | 5,361 | 5,826 | 7,883 |
Federal Home Loan Bank advances | ||||||
4,130 | 2,443 | 1,419 | 826 | 703 | 672 | 1,238 |
Junior subordinated notes | ||||||
562 | 557 | 532 | 458 | 509 | 490 | 514 |
Other borrowings | ||||||
479 | 210 | 117 | 105 | 0 | 0 | - |
Interest Expense | ||||||
13,289 | 7,684 | 6,032 | 5,723 | 6,573 | 6,988 | 9,635 |
Net interest income | ||||||
49,325 | 42,845 | 34,488 | 27,421 | 25,872 | 24,463 | 24,932 |
Provision for loan losses | ||||||
1,201 | 1,897 | 274 | -1,500 | 33 | 4,358 | 7,878 |
Net interest income after provision for loan losses | ||||||
48,124 | 40,948 | 34,214 | 28,921 | 25,839 | 20,105 | 17,054 |
Noninterest income: | ||||||
Servicing (loss) income, net | ||||||
546 | 401 | 487 | - | - | - | - |
Mortgage banking | ||||||
958 | 1,118 | 904 | - | - | - | - |
Servicing income, net | ||||||
- | - | - | 341 | 565 | -126 | -84 |
Mortgage banking | ||||||
- | - | - | 774 | 800 | 2,149 | 1,005 |
Gain on sale of SBA loans | ||||||
558 | 546 | 928 | 823 | 629 | 258 | 0 |
Loss on sale of investments, net | ||||||
-543 | -1,102 | 1,216 | - | - | - | - |
Other than temporary impairment | ||||||
- | 757 | - | 3 | 76 | 0 | 0 |
Gain (loss) on sale of investments, net | ||||||
- | - | - | 403 | 657 | 358 | 3,294 |
Equity securities gains (losses) | ||||||
-344 | 686 | 328 | 0 | - | - | - |
Service charges on deposit accounts | ||||||
1,673 | 1,672 | 1,537 | - | - | - | - |
Interchange fees, net | ||||||
1,102 | 913 | 732 | - | - | - | - |
Service charges on deposit accounts | ||||||
- | - | - | 1,269 | 1,203 | 1,303 | 1,604 |
Interchange fees | ||||||
- | - | - | 1,278 | 1,126 | 1,009 | 967 |
Bank owned life insurance | ||||||
872 | 803 | 489 | 457 | 456 | 482 | 595 |
Other | ||||||
1,168 | 726 | 450 | 453 | 719 | 701 | 545 |
Total noninterest income | ||||||
5,990 | 5,006 | 7,071 | 5,795 | 6,079 | 6,134 | 7,926 |
Noninterest expenses: | ||||||
Compensation and employee benefits | ||||||
22,643 | 20,168 | 17,164 | 14,625 | 11,843 | 11,177 | 10,111 |
Net occupancy | ||||||
4,508 | 4,089 | 3,534 | 2,986 | 2,697 | 2,507 | 2,342 |
Federal deposit insurance | ||||||
799 | 513 | 562 | 905 | 1,265 | 1,700 | 1,652 |
Professional and advisory | ||||||
1,436 | 1,237 | 959 | 1,005 | 722 | 547 | 1,000 |
Data processing | ||||||
2,077 | 1,684 | 1,554 | 1,213 | 1,082 | 893 | 751 |
Federal Home Loan Bank prepayment penalties | ||||||
- | - | 118 | 1,762 | 0 | 0 | - |
Marketing and advertising | ||||||
907 | 953 | 1,070 | 535 | 333 | - | - |
Merger-related expenses | ||||||
564 | 3,086 | 2,197 | 329 | 0 | 0 | - |
Net cost of operation of real estate owned | ||||||
256 | 213 | 730 | 505 | 2,970 | 5,612 | 5,448 |
Other | ||||||
3,882 | 3,904 | 3,526 | 3,765 | 2,855 | 3,743 | 3,754 |
Total noninterest expenses | ||||||
37,072 | 35,847 | 31,414 | 27,630 | 23,767 | 26,179 | 25,058 |
Income before taxes | ||||||
17,042 | 10,107 | 9,871 | 7,086 | 8,151 | 60 | -78 |
Income tax expense (benefit) | ||||||
3,127 | 7,528 | 3,495 | -16,739 | 2,208 | 475 | -1,011 |
Net income | ||||||
13,915 | 2,579 | 6,376 | 23,825 | 5,943 | -415 | 933 |
Earnings per common share: | ||||||
Earnings per share - basic | ||||||
2.02 | 0.39 | 0.98 | 3.64 | 0.91 | - | - |
Earnings per share - diluted | ||||||
1.99 | 0.39 | 0.98 | 3.64 | 0.91 | - | - |
Weighted average common shares outstanding: | ||||||
Common shares outstanding - Basic | ||||||
6,892 | 6,561 | 6,477 | 6,546 | 6,546 | - | - |
Common shares outstanding - Diluted | ||||||
7,007 | 6,658 | 6,489 | 6,546 | 6,546 | - | - |