| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Interest Income | ||||||
Loans | ||||||
186,428 | 119,457 | 79,922 | 62,563 | 49,006 | ||
Investment securities: | ||||||
Trading | ||||||
6,690 | 5,012 | 5,187 | 4,516 | 3,579 | ||
Available for sale - taxable | ||||||
6,208 | 6,448 | 4,531 | - | - | ||
Available for sale - tax exempt | ||||||
272 | - | - | - | - | ||
Available for sale | ||||||
- | - | - | 3,249 | 2,361 | ||
Federal Home Loan Bank stock | ||||||
932 | 385 | 321 | 320 | 308 | ||
Other | ||||||
11,465 | 9,261 | 4,426 | 2,291 | 1,091 | ||
Total interest income | ||||||
211,995 | 140,563 | 94,387 | 72,939 | 56,345 | ||
Interest Expense | ||||||
Deposits | ||||||
84,661 | 42,216 | 20,003 | 11,663 | 7,346 | ||
Borrowed funds | ||||||
5,036 | 8,376 | 7,787 | 7,305 | 6,944 | ||
Total interest expense | ||||||
89,697 | 50,592 | 27,790 | 18,968 | 14,290 | ||
Net interest income | ||||||
122,298 | 89,971 | 66,597 | 53,971 | 42,055 | ||
Provision for loan losses | ||||||
3,940 | 4,629 | 2,472 | 960 | 960 | ||
Net Interest Income After Provision for Loan Losses | ||||||
118,358 | 85,342 | 64,125 | 53,011 | 41,095 | ||
Noninterest Income | ||||||
Gain on sale of loans | ||||||
35,411 | 39,266 | 37,790 | 24,755 | 24,803 | ||
Loan servicing fees, net | ||||||
-1,118 | 5,741 | 6,273 | 280 | 836 | ||
Mortgage warehouse fees | ||||||
7,145 | 2,550 | 2,608 | 3,015 | 1,193 | ||
Gains on sale of investments available for sale (includes $0 and $127, respectively, related to accumulated other comprehensive earnings reclassifications) | ||||||
476 | 0 | - | 24 | - | ||
Other income | ||||||
5,175 | 2,028 | 1,009 | 430 | 176 | ||
Total noninterest income | ||||||
47,089 | 49,585 | 47,680 | 28,504 | 27,008 | ||
Noninterest Expense | ||||||
Salaries and employee benefits | ||||||
38,093 | 32,240 | 21,472 | 14,313 | 11,962 | ||
Loan expenses | ||||||
4,534 | 4,621 | 4,097 | 4,251 | 2,735 | ||
Occupancy and equipment | ||||||
4,609 | 2,788 | 1,602 | 1,344 | 1,248 | ||
Professional fees | ||||||
2,326 | 2,585 | 1,516 | 1,298 | 675 | ||
Deposit insurance expense | ||||||
2,747 | 1,024 | 930 | 1,149 | 1,077 | ||
Technology expense | ||||||
2,623 | 1,544 | 1,171 | 985 | 702 | ||
Other expense | ||||||
8,381 | 6,098 | 3,856 | 3,380 | 2,523 | ||
Total noninterest expense | ||||||
63,313 | 50,900 | 34,644 | 26,720 | 20,922 | ||
Income Before Income Taxes | ||||||
102,134 | 84,027 | 77,161 | 54,795 | 47,181 | ||
Provision for income taxes (includes $0 and $32, respectively, related to income tax expense for reclassification items) | ||||||
24,805 | 21,153 | 22,477 | 21,668 | 18,798 | ||
Net Income | ||||||
77,329 | 62,874 | 54,684 | 33,127 | 28,383 | ||
Dividends on preferred stock | ||||||
9,216 | 3,330 | 3,330 | 2,002 | 0 | ||
Net Income Allocated to Common Shareholders | ||||||
68,113 | 59,544 | 51,354 | 31,125 | 28,383 | ||
Basic Earnings Per Share (in dollar per share) | ||||||
2.37 | 2.08 | 2.28 | 1.47 | 1.35 | ||
Diluted Earnings Per Share (in dollar per share) | ||||||
2.37 | 2.07 | 2.28 | 1.47 | 1.35 | ||
Weighted-Average Shares Outstanding Basic (in Shares) | ||||||
28,705 | 28,692 | 22,551 | 21,111 | 21,075 | ||
Weighted-Average Shares Outstanding Diluted (in Shares) | ||||||
28,745 | 28,724 | 22,568 | 21,113 | 21,075 | ||
Dividends Per Share | ||||||
- | - | - | - | 0.20 | ||