| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
INTEREST AND DIVIDEND INCOME | ||||||
Loans, including fees | ||||||
59,706 | 58,706 | 50,395 | 43,552 | 32,301 | 29,416 | |
Taxable securities | ||||||
4,586 | 3,727 | 1,808 | 1,433 | 964 | 897 | |
Tax-exempt securities | ||||||
257 | 698 | 350 | 368 | 437 | 474 | |
Federal funds sold and other | ||||||
1,783 | 1,086 | 499 | 228 | 65 | 110 | |
Total interest and dividend income | ||||||
66,332 | 64,217 | 53,052 | 45,581 | 33,767 | 30,897 | |
INTEREST EXPENSE | ||||||
Deposits | ||||||
21,457 | 18,649 | 11,815 | 8,195 | 6,238 | 6,154 | |
FHLB advances and other borrowings | ||||||
- | - | - | 1,445 | 882 | - | |
FHLB advances and other borrowed funds | ||||||
1,350 | 1,809 | 1,837 | - | - | 903 | |
Subordinated debentures | ||||||
2,743 | 1,804 | 515 | 374 | 400 | 480 | |
Total interest expense | ||||||
25,550 | 22,262 | 14,167 | 10,014 | 7,520 | 7,537 | |
Net interest income | ||||||
40,782 | 41,955 | 38,885 | 35,567 | 26,247 | 23,360 | |
Provision for loan losses | ||||||
423 | 3,195 | 2,330 | 2,959 | -1,019 | 589 | |
Net interest income after provision for loan losses | ||||||
40,359 | 38,760 | 36,555 | 32,608 | 27,266 | 22,771 | |
NON-INTEREST INCOME | ||||||
Services charges | ||||||
- | - | - | 1,341 | 1,039 | 788 | |
Gain (loss) on sale of loans, net | ||||||
146 | 172 | 118 | 242 | 429 | 321 | |
Loan servicing fees | ||||||
- | - | - | 6,571 | 5,323 | 4,938 | |
Other | ||||||
1,592 | 877 | 645 | 561 | 894 | 1,101 | |
Total non-interest income | ||||||
13,393 | 8,833 | 7,653 | 8,715 | 7,685 | 7,148 | |
NON-INTEREST EXPENSE | ||||||
Employee compensation and benefits | ||||||
19,112 | 16,785 | 15,437 | 13,101 | 10,769 | 10,209 | |
Occupancy | ||||||
1,402 | 1,059 | 654 | 512 | 338 | 299 | |
Information processing | ||||||
2,482 | 2,164 | - | - | - | - | |
Professional fees | ||||||
1,670 | 1,522 | - | - | - | - | |
Cost of operation of other real estate owned, net | ||||||
873 | 1,087 | - | - | - | - | |
Investment tax credit impairment | ||||||
1,149 | - | - | - | - | - | |
Writedown of other real estate owned | ||||||
- | - | 905 | 480 | 256 | 1,190 | |
Other | ||||||
5,996 | 5,666 | 8,996 | 10,053 | 6,095 | 5,327 | |
Total non-interest expense | ||||||
32,684 | 28,283 | 25,992 | 24,146 | 17,458 | 17,025 | |
Income (loss) before income taxes | ||||||
21,068 | 19,310 | 18,216 | 17,177 | 17,493 | 12,894 | |
Income tax expense (benefit) | ||||||
4,616 | 5,059 | 7,791 | 6,483 | 6,519 | 4,684 | |
NET INCOME (LOSS) | ||||||
16,452 | 14,251 | 10,425 | 10,694 | 10,974 | 8,210 | |
NET INCOME (LOSS) PER SHARE: | ||||||
Basic | ||||||
2.37 | 2.06 | 1.52 | 1.65 | 1.85 | 1.73 | |
Diluted | ||||||
2.36 | 2.04 | 1.49 | 1.61 | 1.82 | 1.69 | |
Dividends paid per share | ||||||
0.20 | 0.28 | 0.24 | 0.20 | 0.16 | - | |
Services Charges | ||||||
Non-interest income | ||||||
1,657 | 1,674 | 1,406 | - | - | - | |
Loan Servicing Fees | ||||||
Non-interest income | ||||||
9,998 | 6,110 | 5,484 | - | - | - | |