| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | ||
|---|---|---|---|---|---|---|
Interest and dividend income: | ||||||
Interest and fees on loan | ||||||
105,432 | 81,114 | 67,172 | 59,988 | 56,232 | ||
Interest on loans held for sale | ||||||
2,205 | 2,739 | 2,695 | 1,425 | 147 | ||
Interest on taxable securities | ||||||
5,624 | 4,404 | 3,223 | 3,906 | 3,336 | ||
Interest on non-taxable securities | ||||||
856 | 867 | 889 | 896 | 907 | ||
Other interest and dividend income | ||||||
1,591 | 1,160 | 777 | 585 | 457 | ||
Total interest and dividend income | ||||||
115,708 | 90,284 | 74,756 | 66,800 | 61,079 | ||
Interest expense: | ||||||
Interest on deposits | ||||||
20,563 | 10,962 | 8,710 | 8,700 | 9,033 | ||
Interest on FHLB borrowings | ||||||
5,474 | 4,974 | 5,051 | - | - | ||
Interest on subordinated debentures | ||||||
741 | - | - | - | - | ||
Interest on borrowed funds | ||||||
- | - | - | 5,875 | 6,845 | ||
Total interest expense | ||||||
26,778 | 15,936 | 13,761 | 14,575 | 15,878 | ||
Net interest and dividend income | ||||||
88,930 | 74,348 | 60,995 | 52,225 | 45,201 | ||
Provision for loan losses | ||||||
3,828 | 2,416 | 4,172 | 1,257 | 2,589 | ||
Net interest and dividend income, after provision for loan losses | ||||||
85,102 | 71,932 | 56,823 | 50,968 | 42,612 | ||
Noninterest income: | ||||||
Mortgage banking income: | ||||||
Changes in mortgage servicing rights fair value | ||||||
1,396 | 2,056 | 1,130 | 480 | 601 | ||
Other | ||||||
32,005 | 39,251 | 52,129 | 20,710 | 2,034 | ||
Total mortgage banking income | ||||||
30,609 | 37,195 | 50,999 | 20,230 | 1,433 | ||
Deposit account fees | ||||||
13,500 | 12,311 | 11,664 | 11,194 | 11,075 | ||
Income on retirement plan annuities | ||||||
433 | 455 | 436 | 595 | 848 | ||
Gain on sale and call of securities, net | ||||||
5 | - | 283 | 295 | 483 | ||
Gain on sale of consumer loans | ||||||
- | 78 | 79 | 136 | 483 | ||
Bank-owned life insurance income | ||||||
1,728 | 1,024 | 1,088 | 1,156 | 378 | ||
Other income | ||||||
2,923 | 3,471 | 2,554 | 1,767 | 910 | ||
Total noninterest income | ||||||
49,198 | 54,534 | 67,103 | 35,373 | 15,610 | ||
Noninterest expense: | ||||||
Compensation and benefits | ||||||
70,568 | 66,223 | 69,073 | 45,403 | 28,719 | ||
Occupancy and equipment | ||||||
13,212 | 11,715 | 10,230 | 9,246 | 7,580 | ||
Data processing | ||||||
6,789 | 6,157 | 5,867 | 5,392 | 5,101 | ||
Loan expenses | ||||||
5,382 | 6,881 | 9,746 | 3,949 | 946 | ||
Marketing | ||||||
3,333 | 3,595 | 2,599 | 1,924 | 1,589 | ||
Deposit expenses | ||||||
1,320 | 1,349 | 1,656 | 1,367 | 1,313 | ||
Postage and printing | ||||||
1,494 | 1,388 | 1,284 | 1,205 | 1,102 | ||
Professional fees | ||||||
3,832 | 4,233 | 2,710 | 2,181 | 1,848 | ||
Prepayment penalties on Federal Home Loan Bank advances | ||||||
- | - | 400 | 980 | 665 | ||
Foreclosed and repossessed assets | ||||||
95 | 62 | 167 | 224 | 525 | ||
Deposit insurance | ||||||
2,097 | 1,717 | 1,466 | 1,716 | 1,602 | ||
Charitable foundation contributions | ||||||
- | - | 4,820 | - | - | ||
Merger expenses | ||||||
5,092 | - | - | - | - | ||
Other expenses | ||||||
6,879 | 6,094 | 4,680 | 4,427 | 3,312 | ||
Total noninterest expense | ||||||
120,093 | 109,414 | 114,698 | 78,014 | 54,302 | ||
Income before income taxes | ||||||
14,207 | 17,052 | 9,228 | 8,327 | 3,920 | ||
Income tax provision | ||||||
2,813 | 6,673 | 3,297 | 2,559 | 1,350 | ||
Net income | ||||||
11,394 | 10,379 | 5,931 | 5,768 | 2,570 | ||
Earnings per common share: | ||||||
Basic earnings per share (in dollars per share) | ||||||
0.36 | 0.33 | - | - | - | ||
Diluted earnings per share (in dollars per share) | ||||||
0.36 | 0.33 | - | - | - | ||
Weighted average shares outstanding: | ||||||
Weighted average shares outstanding basic | ||||||
31,574 | 31,228 | - | - | - | ||
Weighted average shares outstanding diluted | ||||||
31,574 | 31,228 | - | - | - | ||