| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Interest income | ||||||
Interest and fees on loans | ||||||
108,530 | 108,498 | 76,965 | 66,600 | 58,861 | 51,842 | 41,206 |
Interest and dividends on investments | ||||||
10,519 | 6,854 | 7,015 | 6,155 | 5,740 | 6,361 | 4,451 |
Total interest income | ||||||
119,049 | 115,352 | 83,980 | 72,755 | 64,601 | 58,203 | 45,657 |
Interest expense | ||||||
9,131 | 7,174 | 3,342 | 2,874 | 2,961 | 3,260 | 3,337 |
Net interest income | ||||||
109,918 | 108,178 | 80,638 | 69,881 | 61,640 | 54,943 | 42,320 |
Provision for credit losses | ||||||
7,000 | 8,625 | 2,750 | 900 | 1,000 | 1,700 | 1,500 |
Net interest income after provision for credit losses | ||||||
102,918 | 99,553 | 77,888 | 68,981 | 60,640 | 53,243 | 40,820 |
Non-interest income | ||||||
Mortgage banking | ||||||
6,785 | 6,209 | 7,536 | 8,478 | 7,316 | 6,444 | 6,327 |
Card processing | ||||||
3,242 | 3,097 | 2,790 | 2,273 | 4,250 | 4,185 | 3,541 |
Service charges on deposit accounts | ||||||
2,807 | 2,840 | 2,445 | 2,181 | 2,449 | 2,821 | 2,630 |
Net (loss)/gain on sale of investment securities | ||||||
-4 | 336 | -499 | -91 | - | - | - |
Other | ||||||
2,351 | 2,647 | 2,122 | 1,769 | 1,989 | 1,791 | 1,773 |
Total non-interest income | ||||||
15,181 | 15,129 | 14,394 | 14,610 | 16,004 | 15,241 | 14,271 |
Non-interest expense | ||||||
Salaries and employee benefits | ||||||
38,502 | 39,902 | 34,392 | 31,441 | 29,892 | 27,584 | 22,426 |
Occupancy, equipment and depreciation | ||||||
6,034 | 6,010 | 4,827 | 4,296 | 3,953 | 3,889 | 3,212 |
Data processing | ||||||
3,902 | 3,515 | 2,798 | 2,866 | 2,831 | 2,792 | 2,069 |
Card processing | ||||||
- | - | - | - | 2,017 | 2,136 | 1,574 |
Marketing and advertising | ||||||
1,828 | 1,288 | 1,381 | 1,044 | 853 | 934 | 907 |
FDIC premiums | ||||||
249 | 1,019 | 572 | 631 | 754 | 810 | 722 |
Acquisition-related costs | ||||||
- | 232 | 4,784 | - | - | - | - |
Merger-related expenses | ||||||
- | - | - | - | - | 711 | 879 |
Other | ||||||
9,757 | 10,030 | 7,205 | 6,430 | 6,468 | 6,477 | 5,086 |
Total non-interest expense | ||||||
60,272 | 61,996 | 55,959 | 46,708 | 46,768 | 45,333 | 36,875 |
Income before income tax expense | ||||||
57,827 | 52,686 | 36,323 | 36,883 | 29,876 | 23,151 | 18,216 |
Income tax expense | ||||||
13,503 | 12,054 | 16,477 | 13,273 | 10,262 | 8,246 | 6,338 |
Net income | ||||||
44,324 | 40,632 | 19,846 | 23,610 | 19,614 | 14,905 | 11,878 |
Earnings per common share: | ||||||
Basic | ||||||
2.35 | 2.18 | 1.10 | 1.33 | 1.21 | 1.02 | 0.92 |
Diluted | ||||||
2.33 | 2.14 | 1.08 | 1.30 | 1.17 | 0.98 | 0.89 |
Weighted average common shares outstanding: | ||||||
Basic | ||||||
18,822 | 18,679 | 18,019 | 17,732 | 16,258 | 14,677 | 12,900 |
Diluted | ||||||
19,017 | 18,982 | 18,447 | 18,214 | 16,829 | 15,134 | 13,359 |