| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Interest income | ||||||
Interest and fees on loans | ||||||
55,720 | 48,108 | 39,112 | 30,530 | |||
Interest on securities available for sale | ||||||
1,353 | 985 | 676 | 664 | |||
Other interest income | ||||||
1,706 | 975 | 495 | 507 | |||
Total interest income | ||||||
58,779 | 50,068 | 40,283 | 31,701 | |||
Interest expense | ||||||
Interest on deposits | ||||||
14,507 | 8,964 | 4,470 | 3,286 | |||
Interest on borrowed funds | ||||||
- | 147 | 103 | 85 | |||
Total interest expense | ||||||
14,507 | 9,111 | 4,573 | 3,371 | |||
Net interest income | ||||||
44,272 | 40,957 | 35,710 | 28,330 | |||
Provision for loan losses | ||||||
1,102 | 1,267 | 1,311 | 1,682 | |||
Net interest income after provision for loan losses | ||||||
43,170 | 39,690 | 34,399 | 26,648 | |||
Noninterest income | ||||||
Service charges on deposits | ||||||
2,015 | 1,916 | 1,656 | 1,275 | |||
Loan servicing fees, net of amortization | ||||||
1,186 | 1,078 | 1,127 | 1,313 | |||
Gain on sale of loans | ||||||
5,905 | 4,880 | 4,939 | 5,507 | |||
Other income | ||||||
2,320 | 1,455 | 1,264 | 912 | |||
Total noninterest income | ||||||
11,426 | 9,329 | 8,986 | 9,007 | |||
Noninterest expense | ||||||
Salaries and employee benefits | ||||||
20,267 | 18,195 | 16,474 | 14,556 | |||
Occupancy and equipment | ||||||
4,648 | 4,111 | 3,918 | 3,616 | |||
Data processing and communication | ||||||
1,530 | 1,231 | 1,323 | 1,087 | |||
Professional fees | ||||||
980 | 921 | 589 | 683 | |||
FDIC insurance and regulatory assessments | ||||||
259 | 405 | 377 | - | |||
FDIC insurance and regulatory assessments | ||||||
- | - | - | 369 | |||
Promotion and advertising | ||||||
806 | 814 | 631 | 557 | |||
Directors’ fees | ||||||
908 | 851 | 796 | 758 | |||
Foundation donation and other contributions | ||||||
1,586 | 1,441 | 954 | 745 | |||
Other expenses | ||||||
1,536 | 1,593 | 1,195 | 963 | |||
Total noninterest expense | ||||||
32,520 | 29,562 | 26,257 | 23,334 | |||
Income before income taxes | ||||||
22,076 | 19,457 | 17,128 | 12,320 | |||
Income tax expense | ||||||
5,319 | 5,204 | 7,892 | 4,894 | |||
Net income | ||||||
16,757 | 14,253 | 9,236 | 7,425 | |||
Earnings per share - Basic | ||||||
1.04 | 0.92 | 0.68 | 0.55 | |||
Earnings per share - Diluted | ||||||
1.03 | 0.89 | 0.66 | 0.53 | |||