| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Interest income | ||||||
Securities: | ||||||
Taxable | ||||||
3,509 | 2,939 | 1,746 | 1,431 | |||
Tax-exempt | ||||||
2,305 | 1,657 | 955 | 441 | |||
Federal funds sold and other | ||||||
1,303 | 966 | 863 | 304 | |||
Total interest income | ||||||
70,448 | 63,824 | 55,607 | 52,903 | |||
Interest Expense | ||||||
Deposits | ||||||
16,941 | 11,055 | 6,267 | 4,499 | |||
Borrowed funds | ||||||
1,378 | 1,330 | 797 | 318 | |||
Subordinated notes | ||||||
1,074 | 1,015 | 1,014 | 1,015 | |||
Total interest expense | ||||||
19,393 | 13,400 | 8,078 | 5,832 | |||
Net interest income | ||||||
51,055 | 50,424 | 47,529 | 47,071 | |||
Provision expense for loan losses | ||||||
1,383 | 412 | 1,416 | 3,925 | |||
Net interest income after provision for loan losses | ||||||
49,672 | 50,012 | 46,113 | 43,146 | |||
Noninterest income | ||||||
Service charges on deposits | ||||||
2,547 | 2,556 | 2,543 | 1,885 | |||
Net gain (loss) on sales of securities | ||||||
1,174 | -71 | 208 | 926 | |||
Mortgage banking activities | ||||||
7,880 | 2,330 | 1,698 | 2,249 | |||
Net gain (loss) on sale of commercial loans | ||||||
-45 | 11 | 146 | 0 | |||
Other charges and fees | ||||||
2,655 | 2,229 | 1,907 | 1,347 | |||
Total noninterest income | ||||||
14,211 | 7,055 | 6,502 | 6,407 | |||
Noninterest expense | ||||||
Salary and employee benefits | ||||||
28,775 | 25,781 | 21,555 | 17,978 | |||
Occupancy and equipment expense | ||||||
4,939 | 4,425 | 4,208 | 3,370 | |||
Professional service fees | ||||||
1,808 | 1,672 | 2,314 | 1,189 | |||
Acquisition and due diligence fees | ||||||
539 | 0 | 0 | 2,684 | |||
Marketing expense | ||||||
1,107 | 1,033 | 930 | 806 | |||
Data processing expense | ||||||
2,374 | 2,146 | 1,912 | 2,023 | |||
Printing and supplies expense | ||||||
340 | 441 | 477 | 468 | |||
Other expense | ||||||
4,487 | 4,180 | 4,655 | 3,889 | |||
Total noninterest expense | ||||||
44,369 | 39,678 | 36,051 | 32,407 | |||
Income before income taxes | ||||||
19,514 | 17,389 | 16,564 | 17,146 | |||
Income Tax Expense (Benefit) | ||||||
3,403 | 3,003 | 6,723 | 6,100 | |||
Net Income (Loss) Attributable to Parent | ||||||
16,111 | 14,386 | 9,841 | 11,046 | |||
Earnings Per Share [Abstract] | ||||||
Earnings Per Share, Basic | ||||||
2.08 | 1.95 | 1.54 | 1.74 | |||
Diluted earnings per common share (in dollars per share) | ||||||
2.05 | 1.91 | 1.49 | 1.69 | |||
Cash dividends declared per common share (in dollars per share) | ||||||
0.16 | 0.12 | 0.00 | 0.00 | |||
Weighted Average Number of Shares Outstanding, Basic | ||||||
7,655 | 7,377 | 6,388 | 6,341 | |||
Weighted Average Number of Shares Outstanding, Diluted | ||||||
7,770 | 7,524 | 6,609 | 6,549 | |||
Originated | ||||||
Loans, including fees | ||||||
56,956 | 49,076 | 39,812 | 33,771 | |||
Acquired | ||||||
Loans, including fees | ||||||
6,375 | 9,186 | 12,231 | 16,956 | |||