| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Sep'17 |
|---|---|---|---|---|---|---|---|---|---|
Interest and Dividend Income | |||||||||
Interest and fees on loans | |||||||||
63,200 | 62,182 | 60,975 | 57,037 | 52,510 | 48,216 | 0 | 0 | 0 | 0 |
Interest and dividends on securities held-to-maturity | |||||||||
19 | 30 | 40 | 51 | 51 | 51 | 0 | 0 | 0 | 0 |
Interest and dividends on securities available-for-sale | |||||||||
3,479 | 3,496 | 3,385 | 3,214 | 3,001 | 2,767 | 0 | 0 | 0 | 0 |
Dividends on restricted stock | |||||||||
342 | 321 | 356 | 325 | 306 | 291 | 0 | 0 | 0 | 0 |
Interest on deposits at other financial institutions | |||||||||
665 | 705 | 840 | 836 | 675 | 599 | 0 | 0 | 0 | 0 |
Total interest and dividend income | |||||||||
67,705 | 66,734 | 65,596 | 61,463 | 56,543 | 51,924 | 0 | 0 | 0 | 0 |
Interest Expense | |||||||||
Interest on deposits | |||||||||
17,266 | 16,830 | 15,691 | 13,852 | 11,946 | 10,354 | 0 | 0 | 0 | 0 |
Interest on federal funds purchased | |||||||||
0 | - | 151 | 119 | 0 | - | 0 | 0 | 0 | 0 |
Interest on short-term debt | |||||||||
0 | - | 0 | - | - | - | - | 0 | - | - |
Interest on short-term debt | |||||||||
- | - | - | - | - | - | - | - | 0 | 0 |
Interest on subordinated notes | |||||||||
1,580 | 1,580 | 1,580 | 1,580 | 1,580 | 1,580 | 0 | 0 | 0 | 0 |
Total interest expense | |||||||||
19,195 | 18,671 | 17,552 | 15,633 | 13,728 | 12,110 | 0 | 0 | 0 | 0 |
Net Interest Income | |||||||||
48,510 | 48,063 | 48,044 | 45,830 | 42,815 | 39,814 | 0 | 0 | 0 | 0 |
Provision for loan losses | |||||||||
2,271 | 1,720 | 2,185 | 2,301 | 2,077 | 1,920 | 0 | 0 | 0 | 0 |
Net interest income after provision for loan losses | |||||||||
46,239 | 46,343 | 45,859 | 43,529 | 40,738 | 37,894 | 0 | 0 | 0 | 0 |
Noninterest Income | |||||||||
Service charges on deposit accounts | |||||||||
948 | 890 | 834 | 752 | 675 | 635 | 0 | 0 | 0 | 0 |
Gain on sale of securities available-for-sale | |||||||||
0 | - | - | - | - | - | - | - | - | - |
Gains on calls of securities held-to-maturity | |||||||||
- | - | 0 | - | - | - | - | - | - | - |
Loss on loans held for sale | |||||||||
0 | - | - | - | - | - | - | - | - | - |
Gains on sale of securities available-for-sale | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
BOLI income | |||||||||
840 | 662 | 523 | 435 | 433 | 438 | 0 | 0 | 0 | 0 |
Other income | |||||||||
1,209 | 1,136 | 1,224 | 1,465 | 1,368 | 1,050 | 0 | 0 | 0 | 0 |
Total noninterest income | |||||||||
2,501 | 2,546 | 2,122 | 2,190 | 2,014 | 1,661 | 0 | 0 | 0 | 0 |
Noninterest Expenses | |||||||||
Salaries and employee benefits | |||||||||
17,137 | 17,047 | 16,540 | 15,682 | 14,761 | 14,008 | 0 | 0 | 0 | 0 |
Occupancy and equipment expense | |||||||||
3,428 | 3,400 | 3,364 | 3,073 | 2,780 | 2,524 | 0 | 0 | 0 | 0 |
Data processing and network administration | |||||||||
1,633 | 1,638 | 1,543 | 1,450 | 1,392 | 1,233 | 0 | 0 | 0 | 0 |
State franchise taxes | |||||||||
1,740 | 1,696 | 1,568 | 1,440 | 1,310 | 1,184 | 0 | 0 | 0 | 0 |
Audit, legal and consulting fees | |||||||||
921 | 826 | 848 | 765 | 623 | 649 | 0 | 0 | 0 | 0 |
Merger and acquisition expense | |||||||||
- | 133 | 408 | 754 | 0 | - | 0 | 0 | - | - |
Loan related expenses | |||||||||
619 | 476 | 477 | 413 | 375 | 364 | 0 | 0 | 0 | 0 |
FDIC insurance | |||||||||
298 | 244 | 333 | 466 | 472 | 469 | 0 | 0 | 0 | 0 |
Marketing, business development and advertising | |||||||||
340 | 396 | 481 | 449 | 412 | 339 | 0 | 0 | 0 | 0 |
Director fees | |||||||||
551 | 532 | 473 | 468 | 468 | 457 | 0 | 0 | 0 | 0 |
Postage, courier and telephone | |||||||||
185 | 195 | 214 | 207 | 214 | 212 | 0 | 0 | 0 | 0 |
Internet banking | |||||||||
452 | 439 | 403 | 374 | 348 | 308 | 0 | 0 | 0 | 0 |
Dues, memberships & publications | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Bank insurance | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Printing and supplies | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Bank charges | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
State assessments | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Core deposits intangible amortization | |||||||||
375 | 385 | 395 | 305 | 213 | 118 | 0 | 0 | 0 | 0 |
Other operating expenses | |||||||||
1,437 | 1,470 | 1,520 | 1,429 | 1,318 | 1,244 | 0 | 0 | 0 | 0 |
Total noninterest expenses | |||||||||
29,182 | 28,877 | 30,961 | 29,546 | 28,092 | 26,448 | 0 | 0 | 0 | 0 |
Net income before income tax expense | |||||||||
19,558 | 20,012 | 17,020 | 16,173 | 14,660 | 13,107 | 0 | 0 | 0 | 0 |
Income tax expense | |||||||||
3,923 | 4,184 | 3,506 | 3,367 | 2,862 | 2,238 | 0 | 0 | 0 | 0 |
Net income | |||||||||
15,635 | 15,828 | 13,514 | 12,806 | 11,798 | 10,869 | 0 | 0 | 0 | 0 |
Earnings per share, basic | |||||||||
0.27 | 0.26 | 0.30 | 0.30 | 0.29 | 0.08 | 0.30 | 0.28 | 0.27 | 0.21 |
Earnings per share, diluted | |||||||||
0.26 | 0.24 | 0.28 | 0.28 | 0.27 | 0.07 | 0.27 | 0.26 | 0.25 | 0.19 |