| 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 and leases | |||||||||
83,555 | 75,009 | 41,213 | 37,865 | 32,837 | 23,056 | 17,579 | 15,380 | 14,516 | 14,103 |
Interest and dividends on securities | |||||||||
6,785 | 4,297 | 1,416 | 691 | 449 | 250 | 78 | 102 | 102 | 124 |
Other interest income | |||||||||
1,094 | 1,083 | 397 | 185 | 63 | 54 | 54 | 55 | 22 | 28 |
Total interest income | |||||||||
91,434 | 80,389 | 43,026 | 38,741 | 33,349 | 23,360 | 17,711 | 15,537 | 14,640 | 14,255 |
INTEREST EXPENSE | |||||||||
Deposits | |||||||||
15,462 | 8,540 | 3,997 | 3,470 | 2,611 | 2,079 | 1,656 | 1,778 | 1,748 | 2,572 |
Short-term borrowings | |||||||||
3,441 | 2,327 | 876 | 595 | 154 | 106 | 114 | 163 | 168 | 215 |
Long-term borrowings | |||||||||
3,221 | 2,904 | 294 | 497 | 307 | 217 | 131 | 64 | 101 | 120 |
Total interest expense | |||||||||
22,124 | 13,771 | 5,167 | 4,562 | 3,072 | 2,402 | 1,901 | 2,005 | 2,017 | 2,907 |
NET INTEREST INCOME | |||||||||
69,310 | 66,618 | 37,859 | 34,179 | 30,277 | 20,958 | 15,810 | 13,532 | 12,623 | 11,348 |
Provision for credit losses | |||||||||
4,193 | 6,091 | 1,831 | 2,037 | 1,836 | 3,255 | 950 | 718 | 1,164 | 1,633 |
Net interest income after provision for credit losses | |||||||||
65,117 | 60,527 | 36,028 | 32,142 | 28,441 | 17,703 | 14,860 | 12,814 | 11,459 | 9,715 |
NONINTEREST INCOME | |||||||||
Service charges on deposit accounts | |||||||||
2,747 | 2,216 | 923 | 694 | - | - | - | - | - | - |
Service charges on deposit accounts | |||||||||
- | - | - | - | 773 | 597 | 387 | 322 | 298 | 390 |
Realized and unrealized gains on mortgage banking activity | |||||||||
7,798 | 5,245 | 11,035 | 8,098 | 6,971 | 4,341 | 215 | 122 | - | - |
Gain (loss) on the sale of securities | |||||||||
645 | -364 | - | 96 | - | - | - | - | - | - |
Gain on the sale of portfolio loans | |||||||||
- | - | 86 | - | - | - | - | - | - | - |
Bargain purchase gain | |||||||||
- | - | - | - | - | 16,090 | 0 | 0 | - | - |
Loss on the sale of securities | |||||||||
- | - | - | - | 0 | -228 | 0 | 0 | - | - |
Loss on the sale of other real estate owned | |||||||||
- | - | - | - | - | 0 | -37 | -131 | 459 | 0 |
Gain on the sale of portfolio loans | |||||||||
- | - | - | 532 | 0 | 0 | - | - | 28 | 53 |
Loss on the disposal of bank premises & equipment | |||||||||
-70 | -345 | -13 | -70 | 0 | 0 | - | - | - | - |
Income from bank owned life insurance | |||||||||
1,858 | 1,614 | 760 | 623 | 408 | 377 | 282 | 0 | 0 | - |
Loan related fees and service charges | |||||||||
3,934 | 5,624 | 5,722 | 3,903 | 2,979 | 1,601 | 115 | 131 | - | - |
Other operating income | |||||||||
4,122 | 3,870 | 1,011 | 920 | 804 | 478 | 362 | 324 | 352 | 298 |
Total noninterest income | |||||||||
21,034 | 17,860 | 19,524 | 14,796 | 11,935 | 23,256 | 1,324 | 768 | 1,137 | 741 |
NONINTEREST EXPENSE | |||||||||
Compensation and benefits | |||||||||
32,056 | 33,674 | 23,573 | 19,034 | 17,196 | 13,434 | 7,397 | 6,075 | 5,020 | 4,593 |
Occupancy and equipment | |||||||||
9,076 | 10,650 | 4,154 | 4,622 | 3,816 | 2,462 | 1,592 | 1,509 | 1,436 | 1,520 |
Amortization of core deposit intangible | |||||||||
3,013 | 2,856 | 505 | 655 | 462 | 111 | 34 | 0 | 0 | - |
Marketing and business development | |||||||||
2,339 | 3,338 | 4,231 | 3,375 | 2,861 | 1,674 | 752 | 606 | 494 | 363 |
Professional fees | |||||||||
2,954 | 2,471 | 1,968 | 2,111 | 1,478 | 1,046 | 883 | 535 | 401 | 279 |
Data processing fees | |||||||||
4,914 | 4,037 | 2,038 | 1,723 | 1,353 | 866 | 529 | 451 | 353 | 354 |
Merger and restructuring expense | |||||||||
0 | 15,549 | 567 | 0 | - | - | - | - | - | - |
Merger and restructuring expense | |||||||||
- | - | - | - | 4,344 | 455 | 0 | - | - | - |
FDIC assessment | |||||||||
667 | 1,268 | 650 | 780 | 453 | 442 | 327 | 310 | 332 | 476 |
Other real estate owned | |||||||||
-845 | -500 | -655 | -97 | -744 | - | - | - | - | - |
Provision for other real estate owned | |||||||||
- | - | - | - | - | 0 | 347 | - | - | - |
Provision for other real estate owned | |||||||||
- | - | - | - | - | - | - | 48 | 777 | 0 |
Loan production expense | |||||||||
2,700 | 3,523 | 3,743 | 3,016 | 2,223 | 1,170 | 248 | 384 | - | - |
Other operating expense | |||||||||
5,514 | 5,246 | 3,116 | 3,286 | 3,331 | 2,034 | 1,130 | 905 | 1,335 | 1,123 |
Total noninterest expense | |||||||||
64,078 | 83,112 | 45,200 | 38,699 | 38,261 | 23,694 | 13,239 | 10,823 | 10,148 | 8,707 |
INCOME BEFORE INCOME TAXES | |||||||||
22,073 | -4,725 | 10,352 | 8,239 | 2,115 | 17,265 | 2,945 | 2,759 | 2,448 | 1,749 |
Income tax (benefit) expense | |||||||||
5,192 | -897 | 3,152 | 2,936 | 973 | 6,853 | 984 | 1,138 | 1,063 | 816 |
NET INCOME | |||||||||
16,881 | -3,828 | 7,200 | 5,303 | 1,142 | 10,412 | 1,961 | 1,621 | 1,385 | 933 |
Preferred stock dividends | |||||||||
- | - | - | 166 | 126 | 126 | 165 | 616 | 451 | 326 |
Net income available to common stockholders | |||||||||
- | - | - | 5,137 | 1,016 | 10,286 | 1,796 | 1,005 | 934 | 607 |
NET INCOME PER COMMON SHARE | |||||||||
Basic income per common share | |||||||||
0.89 | -0.22 | 0.75 | 0.74 | 0.16 | 2.53 | 0.44 | 0.31 | 0.35 | 0.23 |
Diluted | |||||||||
0.89 | -0.22 | 0.75 | 0.73 | 0.16 | 2.48 | 0.44 | 0.31 | 0.35 | 0.23 |