| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Interest and dividend income | ||||||
Interest and fees on loans | ||||||
206,899 | 169,384 | 138,858 | 127,846 | |||
Investment securities-taxable | ||||||
11,975 | 9,843 | 6,233 | 4,970 | |||
Investment securities-nontaxable | ||||||
3,327 | 4,465 | 4,766 | 4,900 | |||
Interest and dividend income on assets held in other financial institutions | ||||||
4,881 | 4,404 | 2,736 | 1,435 | |||
Federal funds sold | ||||||
- | - | - | 0 | |||
Total interest and dividend income | ||||||
227,082 | 188,096 | 152,593 | 139,151 | |||
Interest expense | ||||||
Interest-bearing deposits | ||||||
44,716 | 29,671 | 19,314 | 15,250 | |||
FHLB advances and other borrowings | ||||||
8,097 | 4,420 | 2,426 | 2,672 | |||
Subordinated debentures | ||||||
557 | 553 | 548 | 546 | |||
Total interest expense | ||||||
53,370 | 34,644 | 22,288 | 18,468 | |||
Net interest income | ||||||
173,712 | 153,452 | 130,305 | 120,683 | |||
Provision for Loan, Lease, and Other Losses | ||||||
9,600 | 1,000 | 8,300 | 30,078 | |||
Net interest income after provision for credit losses | ||||||
164,144 | 152,438 | 121,969 | 90,605 | |||
Noninterest income | ||||||
Mortgage banking revenue | ||||||
12,309 | 9,620 | 15,806 | 14,869 | |||
Debt Securities, Realized Gain (Loss) | ||||||
20 | -8 | 0 | 136 | |||
(Loss) on sales and disposals of other assets, net | ||||||
-333 | -170 | 1,036 | -515 | |||
Limited partnership investment (loss) income | ||||||
-6 | 823 | 444 | - | |||
Swap fee income | ||||||
2,185 | 927 | 384 | - | |||
Change in fair value of equity investments | ||||||
367 | 1,977 | 0 | - | |||
Other fee income | ||||||
1,490 | 1,811 | 2,176 | 2,970 | |||
Loss on non-mortgage loans held for sale, net | ||||||
0 | 0 | -12,708 | 0 | |||
Other income | ||||||
4,410 | 3,786 | 3,236 | 6,614 | |||
Total noninterest income | ||||||
46,478 | 41,240 | 29,187 | 41,868 | |||
Noninterest expense | ||||||
Salaries and employee benefits | ||||||
88,974 | 80,487 | 70,862 | 63,605 | |||
Occupancy and equipment, net | ||||||
16,759 | 15,445 | 15,915 | 17,127 | |||
Data processing | ||||||
6,961 | 6,182 | 5,209 | 4,837 | |||
Electronic banking | ||||||
3,441 | 2,883 | 2,056 | 2,365 | |||
Communications | ||||||
2,098 | 2,028 | 1,928 | 2,474 | |||
Advertising and marketing | ||||||
3,808 | 4,275 | 2,923 | 2,849 | |||
Professional services | ||||||
3,577 | 3,269 | 4,722 | 4,587 | |||
Regulatory assessments | ||||||
1,694 | 2,457 | 2,867 | 3,229 | |||
Loan related expenses | ||||||
4,174 | 3,039 | 4,419 | 3,873 | |||
Office and operations | ||||||
6,674 | 5,881 | 5,498 | 6,003 | |||
Litigation settlement | ||||||
0 | 0 | 10,000 | 0 | |||
Intangible asset amortization | ||||||
1,300 | 961 | 518 | - | |||
Franchise tax expense | ||||||
2,160 | 1,485 | 1,527 | - | |||
Other expenses | ||||||
2,433 | 2,844 | 2,230 | 5,758 | |||
Total noninterest expense | ||||||
144,074 | 131,236 | 130,674 | 116,707 | |||
Income before income tax (benefit) expense | ||||||
66,548 | 62,442 | 20,482 | 15,766 | |||
Income Tax Expense (Benefit) | ||||||
12,666 | 10,837 | 5,813 | 2,916 | |||
Net Income (Loss) Attributable to Parent | ||||||
53,882 | 51,605 | 14,669 | 12,850 | |||
Preferred Stock Dividends, Income Statement Impact | ||||||
0 | 1,923 | 4,461 | 4,398 | |||
Net income allocated to participating stockholders | ||||||
0 | 1,029 | 377 | 316 | |||
Net income available to common stockholders | ||||||
53,882 | 48,653 | 9,831 | 8,136 | |||
Basic earnings per common share ($ per share) | ||||||
2.30 | 2.21 | 0.51 | 0.46 | |||
Diluted earnings per common share ($ per share) | ||||||
2.28 | 2.20 | 0.50 | 0.46 | |||
Service charges and fees | ||||||
Revenue from contracts with customers | ||||||
13,859 | 12,754 | 11,606 | 11,019 | |||
Insurance commission and fee income | ||||||
Revenue from contracts with customers | ||||||
12,177 | 9,720 | 7,207 | 6,775 | |||