| 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 | |||||||||
74,854 | 62,468 | 51,217 | 50,018 | 40,642 | 31,949 | 23,727 | 19,105 | 16,446 | 13,468 |
Interest on deposits with other banks | |||||||||
489 | 403 | 340 | 322 | 274 | 223 | 200 | 204 | 103 | 587 |
Interest on investment securities - taxable | |||||||||
3,055 | 3,580 | 2,658 | 1,366 | 958 | 1,272 | 1,348 | 1,457 | 1,539 | 1,427 |
Interest on tax exempt loans and securities | |||||||||
3,963 | 3,309 | 2,383 | 2,417 | 2,226 | 2,724 | 2,240 | 1,488 | 920 | 805 |
Total interest income | |||||||||
82,361 | 69,760 | 56,598 | 54,123 | 44,100 | 36,168 | 27,515 | 22,254 | 19,008 | 16,287 |
INTEREST EXPENSE | |||||||||
Interest on deposits | |||||||||
17,439 | 11,635 | 8,294 | 7,748 | 6,246 | 5,563 | 3,999 | 3,866 | 3,852 | 4,401 |
Interest on repurchase agreements | |||||||||
48 | 56 | 75 | 72 | 83 | 291 | 567 | 511 | 503 | 474 |
Interest on FHLB and other borrowings | |||||||||
4,704 | 4,259 | 1,690 | 1,086 | 692 | 515 | 542 | 466 | - | - |
Interest on subordinated debt | |||||||||
770 | 1,756 | 2,242 | 2,226 | 2,204 | 1,142 | 79 | 87 | - | 82 |
FHLB and other borrowings | |||||||||
- | - | - | - | - | - | - | - | 464 | 513 |
Subordinated debt | |||||||||
- | - | - | - | - | - | - | - | 81 | - |
Total interest expense | |||||||||
22,961 | 17,706 | 12,301 | 11,132 | 9,225 | 7,511 | 5,187 | 4,930 | 4,900 | 5,470 |
NET INTEREST INCOME | |||||||||
59,400 | 52,054 | 44,297 | 42,991 | 34,875 | 28,657 | 22,328 | 17,324 | 14,108 | 10,817 |
Provision for loan losses | |||||||||
1,789 | 2,440 | 2,173 | 3,632 | 2,493 | 2,582 | 2,260 | 2,800 | 1,723 | 1,100 |
Net interest income after provision for loan losses | |||||||||
57,611 | 49,614 | 42,124 | 39,359 | 32,382 | 26,075 | 20,068 | 14,524 | 12,385 | 9,717 |
NONINTEREST INCOME | |||||||||
Service charges on deposit accounts | |||||||||
1,409 | 1,033 | 765 | 764 | - | - | - | - | - | - |
Service charges on deposit accounts | |||||||||
- | - | - | - | 646 | 677 | 673 | 730 | 660 | 658 |
Income on bank owned life insurance | |||||||||
1,197 | 1,182 | 646 | 638 | 653 | 588 | 460 | 343 | 287 | 265 |
Visa debit card and interchange income | |||||||||
571 | 647 | 1,258 | 1,185 | - | - | - | - | - | - |
Interchange and debit card transaction fees | |||||||||
- | - | - | - | 987 | 778 | 641 | 471 | - | - |
Mortgage fee income | |||||||||
41,045 | 32,337 | 37,149 | 35,700 | 29,472 | 17,557 | 20,801 | - | - | - |
Gain on sale of portfolio loans | |||||||||
520 | 198 | 538 | 1,042 | 1,413 | 1,550 | 2,218 | - | - | - |
Visa debit card income | |||||||||
- | - | - | - | - | - | - | - | 414 | 361 |
Gain on loans held for sale | |||||||||
- | - | - | - | - | - | - | 3,850 | 957 | 634 |
Capitalized servicing retained income | |||||||||
- | - | - | - | - | - | - | 591 | - | - |
Insurance and investment services income | |||||||||
727 | 716 | 563 | 420 | 338 | 328 | 1,862 | - | - | - |
Gain (loss) on sale of available-for-sale securities, net | |||||||||
-166 | 327 | 731 | 1,082 | - | - | - | - | - | - |
(Loss) on sale of equity securities, net | |||||||||
-7 | 0 | 0 | - | - | - | - | - | - | - |
Gain on sale of securities, net | |||||||||
- | - | - | - | 130 | 413 | 145 | 638 | - | - |
Gain on sale of securities | |||||||||
- | - | - | - | - | - | - | - | 833 | 88 |
(Loss) gain on derivatives, net | |||||||||
1,253 | -278 | -2,722 | 1,467 | 675 | -2 | 59 | - | - | - |
Commercial swap fee income | |||||||||
1,717 | 552 | 503 | 84 | 382 | - | - | - | - | - |
Holding gain on equity securities | |||||||||
13,767 | 590 | 0 | 0 | - | - | - | - | - | - |
Compliance consulting income | |||||||||
921 | 0 | 0 | - | - | - | - | - | - | - |
Gain on sale of subsidiary | |||||||||
- | - | - | - | - | - | 626 | - | - | - |
Gain on derivative | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Other operating income | |||||||||
1,650 | 1,336 | 1,275 | 850 | 259 | 133 | 83 | 1,126 | 537 | 448 |
Total noninterest income | |||||||||
64,604 | 38,640 | 40,706 | 43,205 | 34,955 | 22,022 | 27,568 | 7,749 | 3,688 | 2,454 |
NONINTEREST EXPENSES | |||||||||
Salaries and employee benefits | |||||||||
56,175 | 46,224 | 44,108 | 45,225 | 36,073 | 27,774 | 27,067 | 9,266 | 6,717 | 4,796 |
Occupancy expense | |||||||||
4,816 | 4,234 | 4,084 | 3,686 | 3,390 | 2,704 | 1,838 | 852 | 697 | 590 |
Equipment depreciation and maintenance | |||||||||
3,640 | 3,239 | 3,005 | 2,452 | 2,013 | 1,479 | 1,257 | 717 | 594 | 472 |
Data processing and communications | |||||||||
4,025 | 3,741 | 5,116 | 4,964 | 4,010 | 2,768 | 2,324 | 612 | 412 | 392 |
Mortgage processing | |||||||||
3,041 | 3,551 | 3,207 | 3,355 | 3,158 | 2,514 | 2,407 | - | - | - |
Marketing, contributions, and sponsorships | |||||||||
1,300 | 1,100 | 1,200 | 1,300 | 1,352 | 1,137 | 1,465 | - | - | - |
Visa debit card expense | |||||||||
- | - | - | - | - | - | - | 387 | - | - |
Visa debit card expense | |||||||||
- | - | - | - | - | - | - | - | 332 | 295 |
Advertising | |||||||||
- | - | - | - | - | - | - | 647 | 482 | 338 |
Professional fees | |||||||||
4,999 | 3,559 | 3,143 | 2,720 | 3,232 | 2,237 | 1,977 | 396 | 632 | 167 |
Printing, postage, and supplies | |||||||||
674 | 762 | 988 | 767 | 762 | 709 | 788 | 200 | 172 | 130 |
Insurance, tax, and assessment expense | |||||||||
1,663 | 1,846 | 1,797 | 1,528 | 1,394 | 1,478 | 847 | - | - | - |
Consulting fees | |||||||||
- | - | - | - | - | - | - | 1,022 | 408 | 211 |
FDIC insurance | |||||||||
- | - | - | - | - | - | - | 302 | 368 | 523 |
Travel, entertainment, dues, and subscriptions | |||||||||
4,151 | 2,808 | 2,221 | 1,725 | 1,579 | 1,299 | 1,244 | - | - | - |
Other taxes | |||||||||
- | - | - | - | - | - | - | - | 175 | 190 |
Other operating expenses | |||||||||
2,727 | 1,773 | 1,652 | 1,534 | 885 | 1,095 | 1,419 | 2,038 | 1,370 | 1,035 |
Total noninterest expenses | |||||||||
87,201 | 72,878 | 70,500 | 69,209 | 57,848 | 45,194 | 42,633 | 16,439 | 12,359 | 9,139 |
Income before income taxes | |||||||||
35,014 | 15,376 | 12,330 | 13,355 | 9,489 | 2,903 | 5,003 | 5,834 | 3,714 | 3,032 |
Income tax expense | |||||||||
8,450 | 3,373 | 4,755 | 4,378 | 2,886 | 248 | 983 | 1,666 | 1,012 | 795 |
Net Income from continuing operations | |||||||||
26,564 | 12,003 | 7,575 | 8,977 | 6,603 | 2,655 | - | - | - | - |
Income from discontinued operations, before income taxes | |||||||||
575 | 0 | 0 | 6,346 | 353 | -920 | - | - | - | - |
Income tax expense - discontinued operations | |||||||||
148 | 0 | 0 | 2,411 | 140 | -344 | - | - | - | - |
Net Income from discontinued operations | |||||||||
427 | 0 | 0 | 3,935 | 213 | -576 | - | - | - | - |
Net income | |||||||||
26,991 | 12,003 | 7,575 | 12,912 | 6,816 | 2,079 | 4,020 | 4,168 | 2,702 | 2,237 |
Preferred dividends | |||||||||
479 | 489 | 498 | 1,128 | 575 | 332 | 85 | 136 | 44 | - |
Net income available to common shareholders - basic | |||||||||
26,512 | 11,514 | 7,077 | 11,784 | 6,241 | 1,747 | 3,935 | 4,032 | 2,658 | - |
Earnings per share from continuing operations - basic (in dollars per share) | |||||||||
2.22 | 1.04 | 0.69 | 0.96 | 0.75 | 0.29 | - | - | - | - |
Earnings per share from discontinued operations - basic (in dollars per share) | |||||||||
0.04 | 0.00 | 0.00 | 0.48 | 0.03 | -0.07 | - | - | - | - |
Earnings per share - basic (in dollars per share) | |||||||||
2.26 | 1.04 | 0.69 | 1.44 | 0.78 | 0.22 | 0.59 | 0.92 | 1.24 | 1.40 |
Earnings per share from continuing operations - diluted (in dollars per share) | |||||||||
2.16 | 1.00 | 0.68 | 0.92 | 0.74 | 0.29 | - | - | - | - |
Earnings per share from discontinued operations - diluted (in dollars per share) | |||||||||
0.04 | 0.00 | 0.00 | 0.39 | 0.03 | -0.07 | - | - | - | - |
Earnings per share - diluted (in dollars per share) | |||||||||
2.20 | 1.00 | 0.68 | 1.31 | 0.77 | 0.22 | 0.57 | 0.90 | 1.21 | 1.38 |
Cash dividends declared - common shares (in dollars per share) | |||||||||
- | - | - | 0.08 | 0.08 | 0.08 | - | - | - | - |
Weighted average shares outstanding - basic (in shares) | |||||||||
11,713 | 11,030 | 10,308 | 8,212 | 8,014 | 7,905 | 6,657 | 4,388 | 2,147 | 1,598 |
Weighted average shares outstanding - diluted (in shares) | |||||||||
12,044 | 12,722 | 10,440 | 10,068 | 8,140 | 8,102 | 6,939 | 4,509 | 2,194 | 1,625 |