| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
INTEREST INCOME: | |||||||||
Interest and fees on loans | |||||||||
128,858 | 86,822 | 56,826 | 38,496 | 34,242 | 30,276 | 25,736 | 21,412 | 20,971 | 20,289 |
Interest and dividends on securities: | |||||||||
Taxable interest and dividends | |||||||||
14,244 | 9,020 | 6,341 | 4,052 | 3,948 | 3,884 | 3,279 | 2,744 | 1,892 | 1,891 |
Tax exempt interest | |||||||||
3,566 | 2,939 | 2,350 | 1,870 | 1,854 | 2,071 | 2,140 | 2,040 | 1,467 | 1,230 |
Interest on federal funds sold and interest bearing deposits in other banks | |||||||||
7 | 206 | 390 | 127 | 63 | 52 | 62 | 50 | 72 | 21 |
Interest on deposits in banks | |||||||||
1,854 | 991 | 162 | 59 | 93 | 85 | 100 | 82 | 71 | 21 |
TOTAL INTEREST INCOME | |||||||||
148,529 | 99,978 | 66,069 | 44,604 | 40,201 | 36,370 | 31,318 | 26,330 | 24,474 | 23,453 |
INTEREST EXPENSE: | |||||||||
Interest on deposits | |||||||||
19,763 | 10,785 | 5,261 | 3,443 | 2,562 | 782 | 698 | 1,050 | 1,443 | 1,814 |
Interest on other deposits | |||||||||
- | - | - | - | - | 1,586 | 1,601 | 2,016 | 2,757 | 3,930 |
Interest on borrowed funds | |||||||||
6,960 | 4,306 | 1,648 | 872 | 645 | 603 | 617 | 1,069 | 1,194 | 1,375 |
TOTAL INTEREST EXPENSE | |||||||||
26,723 | 15,091 | 6,909 | 4,315 | 3,207 | 2,972 | 2,917 | 4,136 | 5,395 | 7,119 |
NET INTEREST INCOME | |||||||||
121,806 | 84,887 | 59,160 | 40,289 | 36,994 | 33,397 | 28,400 | 22,194 | 19,079 | 16,334 |
PROVISION FOR LOAN LOSSES | |||||||||
3,738 | 2,120 | 506 | 625 | 410 | 1,418 | 1,075 | 1,228 | 1,468 | 982 |
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | |||||||||
118,068 | 82,767 | 58,654 | 39,664 | 36,584 | 31,979 | 27,324 | 20,966 | 17,610 | 15,351 |
NON-INTEREST INCOME: | |||||||||
Interchange fees | |||||||||
8,024 | 5,247 | 3,758 | 2,674 | - | - | - | - | - | - |
Secondary market mortgage income | |||||||||
5,988 | 4,048 | 4,502 | 4,433 | 1,075 | 1,452 | - | - | - | - |
Bank owned life insurance income | |||||||||
1,414 | 937 | 739 | 529 | 408 | 369 | 152 | 170 | 186 | 226 |
Gain (loss) on sale of premises | |||||||||
13 | -137 | -22 | -52 | 133 | 110 | - | - | - | - |
Securities gains (losses) | |||||||||
122 | 334 | -16 | 126 | 0 | 237 | - | - | - | - |
Gain (loss) on sale of other real estate | |||||||||
-144 | 60 | -199 | -114 | -246 | -85 | -76 | -55 | -78 | -20 |
Financial assistance and bank enterprise awards | |||||||||
947 | 2,098 | 0 | 261 | - | - | - | - | - | - |
Other | |||||||||
1,698 | 1,186 | 1,376 | 407 | 733 | 971 | 841 | 349 | 136 | 89 |
Total other-than-temporary impairment loss | |||||||||
- | - | - | - | - | - | - | - | 140 | 1,713 |
Less: Portion of loss recognized in other comprehensive income | |||||||||
- | - | - | - | - | - | - | - | -136 | -1,241 |
Net impairment loss recognized in earnings | |||||||||
- | - | - | - | - | - | - | - | 4 | 471 |
TOTAL NON-INTEREST INCOME | |||||||||
26,947 | 20,561 | 14,363 | 11,247 | 7,588 | 7,803 | 7,083 | 6,323 | 4,597 | 3,895 |
NON-INTEREST EXPENSE | |||||||||
Salaries and employee benefits | |||||||||
41,065 | 33,640 | 25,828 | 17,881 | 15,089 | 14,207 | 12,216 | 10,059 | 8,166 | 7,268 |
Employee benefits | |||||||||
6,610 | 4,662 | 4,720 | 4,256 | 3,447 | 3,254 | 2,638 | 1,941 | 1,512 | 1,423 |
Occupancy and equipment | |||||||||
8,775 | 6,818 | 4,828 | 3,459 | 3,422 | 3,140 | 2,351 | 1,797 | 1,355 | 1,051 |
Furniture and equipment | |||||||||
1,838 | 1,575 | 1,225 | 1,262 | 1,198 | 1,540 | 1,568 | 1,435 | 1,113 | 975 |
Supplies and printing | |||||||||
890 | 846 | 640 | 287 | 300 | 497 | 455 | 425 | 415 | 284 |
Professional and consulting fees | |||||||||
6,449 | 5,381 | 6,757 | 1,805 | 1,331 | 1,617 | 2,433 | 746 | 1,825 | 923 |
Marketing and public relations | |||||||||
859 | 508 | 406 | 465 | 496 | 445 | 451 | 329 | 353 | 311 |
FDIC and OCC assessments | |||||||||
632 | 1,382 | 1,252 | 1,020 | 965 | 938 | 766 | 681 | 811 | 1,066 |
ATM expense | |||||||||
2,821 | 3,241 | 1,188 | 883 | 763 | 688 | - | - | - | - |
Bank communications | |||||||||
1,367 | 2,014 | 1,296 | 782 | 631 | - | - | - | - | - |
Data processing | |||||||||
1,285 | 6,931 | 1,039 | 535 | 150 | - | - | - | - | - |
Telephone | |||||||||
- | - | - | - | - | 616 | - | - | - | - |
Other | |||||||||
15,978 | 9,313 | 6,267 | 4,227 | 4,364 | 3,786 | 5,285 | 4,747 | 3,316 | 2,536 |
TOTAL NON-INTEREST EXPENSES | |||||||||
88,569 | 76,311 | 55,446 | 36,862 | 32,161 | 30,733 | 28,165 | 22,163 | 18,870 | 15,842 |
INCOME BEFORE INCOME TAXES | |||||||||
56,446 | 27,017 | 17,571 | 14,049 | 12,011 | 9,049 | 6,243 | 5,126 | 3,338 | 3,403 |
INCOME TAXES | |||||||||
12,701 | 5,792 | 6,955 | 3,930 | 3,213 | 2,435 | 1,603 | 1,077 | 466 | 855 |
Net income | |||||||||
- | - | - | 10,119 | 8,798 | 6,613 | 4,639 | 4,048 | 2,871 | 2,548 |
Preferred dividends and stock accretion | |||||||||
- | - | - | 453 | 342 | 362 | 424 | 424 | 342 | 316 |
NET INCOME | |||||||||
43,745 | 21,225 | 10,616 | 9,666 | 8,456 | 6,250 | 4,215 | 3,624 | 2,528 | 2,232 |
Earnings per share: | |||||||||
Basic | |||||||||
- | - | - | 1.86 | 1.64 | 1.27 | 1.07 | 1.31 | 0.94 | 0.84 |
Diluted | |||||||||
- | - | - | 1.64 | 1.62 | 1.25 | 1.06 | 1.29 | 0.93 | 0.84 |
BASIC EARNINGS PER SHARE | |||||||||
2.57 | 1.63 | 1.12 | 1.78 | 1.57 | 1.20 | 0.98 | 1.17 | 0.83 | 0.74 |
DILUTED EARNINGS PER SHARE | |||||||||
2.55 | 1.62 | 1.11 | 1.57 | 1.55 | 1.19 | 0.96 | 1.16 | 0.82 | 0.74 |
Service charges on deposit accounts | |||||||||
TOTAL NON-INTEREST INCOME | |||||||||
7,838 | 5,792 | 3,601 | 2,452 | 5,013 | 4,261 | 3,979 | 3,431 | 2,704 | 2,373 |
Other service charges and fees | |||||||||
TOTAL NON-INTEREST INCOME | |||||||||
1,047 | 996 | 624 | 531 | 470 | 485 | 2,187 | 2,426 | 1,653 | 1,697 |