| Dec'19 | Dec'18 | Dec'17 | ||||
|---|---|---|---|---|---|---|
Interest and dividend income: | ||||||
Loans, including fees | ||||||
42,045 | 37,010 | 30,908 | ||||
Investment securities | ||||||
1,274 | 1,097 | 2,115 | ||||
Federal funds sold and other | ||||||
1,732 | 689 | 314 | ||||
Total interest and dividend income | ||||||
45,051 | 38,796 | 33,337 | ||||
Interest expense: | ||||||
Deposits | ||||||
12,263 | 6,511 | 3,778 | ||||
Other borrowed funds | ||||||
727 | 1,661 | 1,983 | ||||
Total interest expense | ||||||
12,990 | 8,172 | 5,761 | ||||
Net interest income | ||||||
32,061 | 30,624 | 27,576 | ||||
Less: provision for loan losses | ||||||
662 | 180 | 788 | ||||
Net interest income, after provision for loan losses | ||||||
31,399 | 30,444 | 26,788 | ||||
Non-interest income: | ||||||
Trust and investment management fees | ||||||
18,935 | 19,165 | 19,455 | ||||
Net gain on mortgage loans | ||||||
10,585 | 4,560 | 3,469 | ||||
Bank fees | ||||||
1,173 | 1,759 | 2,176 | ||||
Risk management and insurance fees | ||||||
1,205 | 1,296 | 1,289 | ||||
Income on company-owned life insurance | ||||||
377 | 393 | 418 | ||||
Net gain on sale of securities | ||||||
119 | - | 81 | ||||
Net gain on sale of assets | ||||||
183 | - | - | ||||
Gain on legal settlement | ||||||
- | - | 825 | ||||
Total non-interest income | ||||||
32,577 | 27,173 | 27,713 | ||||
Total income before non-interest expense | ||||||
63,976 | 57,617 | 54,501 | ||||
Non-interest expense: | ||||||
Salaries and employee benefits | ||||||
31,810 | 29,771 | 28,663 | ||||
Occupancy and equipment | ||||||
5,562 | 5,853 | 5,884 | ||||
Professional services | ||||||
3,519 | 3,451 | 3,490 | ||||
Technology and information systems | ||||||
3,973 | 3,982 | 3,911 | ||||
Data processing | ||||||
3,065 | 2,683 | 2,436 | ||||
Marketing | ||||||
1,292 | 1,253 | 1,492 | ||||
Amortization of other intangible assets | ||||||
400 | 800 | 784 | ||||
Goodwill impairment | ||||||
1,572 | - | - | ||||
Total loss on sales/provision for other real estate owned | ||||||
- | - | -311 | ||||
Other | ||||||
2,617 | 2,371 | 2,523 | ||||
Total non-interest expense | ||||||
53,784 | 50,195 | 49,494 | ||||
Income (loss) before income tax | ||||||
10,192 | 7,422 | 5,007 | ||||
Income tax expense | ||||||
2,183 | 1,775 | 2,984 | ||||
Net income | ||||||
8,009 | 5,647 | 2,023 | ||||
Preferred stock dividends | ||||||
- | 1,378 | 2,291 | ||||
Net income available to common shareholders | ||||||
8,009 | 4,269 | -268 | ||||
Earnings per common share: | ||||||
Basic | ||||||
1.02 | 0.64 | -0.05 | ||||
Diluted | ||||||
1.01 | 0.63 | -0.05 | ||||