| 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 | |||||||||
34,813 | 31,700 | 29,128 | 27,463 | 22,053 | 22,011 | 21,406 | 22,449 | 23,608 | 25,503 |
Interest on securities | |||||||||
5,872 | 5,637 | 4,504 | - | - | - | - | - | - | - |
Interest on securities available for sale | |||||||||
- | - | - | 4,124 | 3,629 | 3,708 | 3,462 | 3,368 | 3,076 | 2,361 |
Interest on federal funds sold | |||||||||
242 | 191 | 100 | 35 | 34 | 38 | 25 | 28 | 41 | 19 |
Interest on deposits with banks | |||||||||
1,675 | 2,646 | 1,513 | 667 | 304 | 179 | 211 | 135 | 100 | 41 |
Total interest income | |||||||||
42,602 | 40,174 | 35,245 | 32,289 | 26,020 | 25,936 | 25,104 | 25,982 | 26,827 | 27,926 |
INTEREST EXPENSE | |||||||||
Deposits | |||||||||
1,568 | 1,606 | 1,065 | 764 | 615 | 647 | 828 | 1,132 | 1,579 | 2,591 |
Federal funds purchased | |||||||||
- | - | - | - | - | - | - | 4 | 68 | - |
Federal funds purchased | |||||||||
- | - | - | - | - | - | - | - | 0 | 0 |
FHLB advances | |||||||||
- | - | - | - | - | - | - | - | - | 327 |
Total interest expense | |||||||||
1,568 | 1,606 | 1,065 | 764 | 615 | 647 | 828 | 1,137 | 1,648 | 2,919 |
Net interest income | |||||||||
41,034 | 38,568 | 34,180 | 31,525 | 25,405 | 25,289 | 24,276 | 24,844 | 25,179 | 25,006 |
Provision for loan losses | |||||||||
545 | 555 | 350 | 484 | - | - | - | - | - | - |
Provision for loan losses | |||||||||
- | - | - | - | -125 | -1,877 | 300 | 1,150 | 1,500 | 4,020 |
Net interest income after provision for loan losses | |||||||||
40,489 | 38,013 | 33,830 | 31,041 | 25,530 | 27,166 | 23,976 | 23,694 | 23,679 | 20,986 |
NON-INTEREST INCOME | |||||||||
Service charges on deposits | |||||||||
- | - | - | 1,354 | 1,240 | 1,346 | 1,237 | 1,173 | 1,120 | 1,065 |
Earnings on cash surrender value of life insurance | |||||||||
602 | 511 | 514 | 441 | 429 | 433 | 404 | 423 | 432 | 435 |
Gains on sales and calls of available-for-sale securities | |||||||||
138 | 81 | 395 | - | - | - | - | - | - | - |
Mortgage commissions | |||||||||
- | - | - | 204 | 148 | 157 | 229 | 239 | 103 | 107 |
Gains on sales and calls of securities | |||||||||
- | - | - | 52 | 206 | 209 | 60 | 91 | - | - |
Gain on sale of other real estate owned | |||||||||
0 | 193 | 211 | - | - | - | - | - | - | - |
Other | |||||||||
1,303 | 1,083 | 2,160 | 2,362 | 2,084 | 1,619 | 1,350 | 1,220 | 1,094 | 1,160 |
Total non-interest income | |||||||||
5,047 | 4,712 | 5,976 | 4,413 | 4,107 | 3,764 | 3,280 | 3,148 | 2,751 | 2,769 |
NON-INTEREST EXPENSE | |||||||||
Salaries and employee benefits | |||||||||
17,400 | 16,287 | 14,110 | 13,564 | 11,717 | 11,120 | 9,978 | 10,008 | 9,325 | 8,456 |
Occupancy expenses | |||||||||
3,493 | 3,631 | 3,346 | 3,284 | 3,009 | 2,902 | 2,923 | 2,947 | 2,829 | 2,699 |
Data processing fees | |||||||||
1,907 | 1,707 | 1,560 | 1,604 | 1,466 | 1,336 | 1,307 | 1,128 | 1,016 | 947 |
OREO expenses | |||||||||
- | - | - | - | - | - | - | - | 389 | 637 |
Regulatory assessments (FDIC & DBO) | |||||||||
270 | 440 | 492 | 643 | 506 | 459 | 480 | 461 | 642 | 1,051 |
Other operating expenses | |||||||||
5,777 | 5,313 | 5,057 | 5,220 | 5,977 | 4,417 | 3,972 | 3,702 | 3,191 | 2,982 |
Total non-interest expense | |||||||||
28,847 | 27,378 | 24,565 | 24,315 | 22,675 | 20,234 | 18,660 | 18,248 | 17,393 | 16,775 |
Net income before provision for income taxes | |||||||||
16,689 | 15,347 | 15,241 | 11,139 | 6,962 | 10,696 | 8,596 | 8,595 | 9,036 | 6,980 |
Total provision for income taxes | |||||||||
4,200 | 3,810 | 6,147 | 3,474 | 2,054 | 3,574 | 2,710 | 2,814 | 3,176 | 2,353 |
Net Income | |||||||||
12,489 | 11,537 | 9,094 | 7,665 | 4,908 | 7,122 | 5,886 | 5,780 | 5,860 | 4,627 |
Preferred stock dividends | |||||||||
- | - | - | - | - | - | 68 | 451 | 1,161 | 841 |
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS | |||||||||
- | - | - | - | - | - | 5,818 | 5,328 | 4,699 | 3,785 |
Net income per share (in dollars per share) | |||||||||
1.54 | 1.43 | 1.13 | 0.95 | 0.61 | 0.90 | 0.75 | 0.69 | - | - |
NET INCOME PER COMMON SHARE (in dollars per share) | |||||||||
- | - | - | - | - | - | - | - | 0.61 | 0.49 |
Net income per diluted share (in dollars per share) | |||||||||
1.54 | 1.42 | 1.13 | 0.95 | 0.61 | 0.89 | 0.74 | 0.69 | 0.61 | 0.49 |
Deposit Account [Member] | |||||||||
Other income | |||||||||
1,619 | 1,549 | 1,424 | - | - | - | - | - | - | - |
Debit Card [Member] | |||||||||
Other income | |||||||||
1,297 | 1,185 | 1,104 | - | - | - | - | - | - | - |
Mortgage Banking [Member] | |||||||||
Other income | |||||||||
88 | 110 | 168 | - | - | - | - | - | - | - |