| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Interest and dividend income: | ||||||
Interest and fees on loans | ||||||
135,159 | 97,480 | 70,289 | 65,888 | 41,026 | ||
Interest on interest-earning deposits | ||||||
1,785 | 1,002 | 940 | 334 | 246 | ||
Interest on investment securities | ||||||
2,652 | 2,351 | 1,406 | 872 | 553 | ||
Dividend income on FHLB stock | ||||||
1,079 | 650 | 472 | - | - | ||
Dividend income on FHLB stock | ||||||
- | - | - | 800 | 474 | ||
Interest on federal funds sold and other | ||||||
1,050 | 632 | 997 | 295 | 214 | ||
Total interest income | ||||||
141,725 | 102,115 | 74,104 | 68,189 | 42,513 | ||
Interest expense: | ||||||
Interest on savings deposits, now and money market accounts | ||||||
4,886 | 4,408 | 2,382 | 1,975 | 1,343 | ||
Interest on time deposits | ||||||
29,347 | 12,548 | 7,891 | 6,968 | 5,592 | ||
Interest on subordinated debentures and long-term debt | ||||||
7,698 | 4,083 | 3,629 | - | - | ||
Interest on other borrowed funds | ||||||
2,930 | 2,606 | 36 | - | - | ||
Interest on subordinated debentures and other | ||||||
- | - | - | 2,547 | - | ||
Interest on other borrowed funds | ||||||
- | - | - | 217 | 1 | ||
Total interest expense | ||||||
44,861 | 23,645 | 13,938 | 11,707 | 6,936 | ||
Net interest income | ||||||
96,864 | 78,470 | 60,166 | 56,482 | 35,577 | ||
Provision for loan losses | ||||||
2,390 | 4,469 | -1,053 | - | - | ||
Provision (recapture) for credit losses | ||||||
- | - | - | 4,974 | 1,386 | ||
Net interest income after provision for loan losses | ||||||
94,474 | 74,001 | 61,219 | 51,508 | 34,191 | ||
Noninterest income: | ||||||
Service charges, fees and other | ||||||
4,072 | 2,679 | 2,111 | 1,758 | - | ||
Service charges, fees and other | ||||||
- | - | - | - | 1,296 | ||
Gain on sale of loans | ||||||
9,893 | 7,126 | 9,318 | 5,847 | 4,316 | ||
Loan servicing fees, net of amortization | ||||||
3,383 | 850 | 722 | 615 | - | ||
Loan servicing fees, net of amortization | ||||||
- | - | - | - | 272 | ||
Recoveries on loans acquired in business combinations | ||||||
143 | 1,385 | 84 | 170 | 103 | ||
Unrealized gain on equity investments | ||||||
147 | - | - | - | - | ||
Increase in cash surrender value of life insurance | ||||||
775 | 797 | 824 | 560 | 579 | ||
Gain on sale of securities | ||||||
7 | 5 | - | - | - | ||
Gain on sale of securities | ||||||
- | - | - | 19 | - | ||
Gain on sale of securities | ||||||
- | - | - | - | 78 | ||
(Loss) gain on sale of OREO | ||||||
-106 | - | 142 | - | 1,218 | ||
Gain on sale of fixed assets | ||||||
6 | - | - | -3 | - | ||
Total noninterest income | ||||||
18,320 | 12,842 | 13,201 | 8,966 | 7,862 | ||
Noninterest expense: | ||||||
Salaries and employee benefits | ||||||
32,909 | 23,254 | 16,821 | 13,784 | 11,122 | ||
Occupancy and equipment expenses | ||||||
9,750 | 4,554 | 2,940 | 3,098 | 2,359 | ||
Data processing | ||||||
3,699 | 2,323 | 1,622 | 2,018 | 1,532 | ||
Legal and professional | ||||||
1,832 | 1,714 | 331 | 1,565 | 954 | ||
Office expenses | ||||||
1,257 | 890 | 679 | 598 | 353 | ||
Marketing and business promotion | ||||||
1,308 | 1,143 | 837 | 542 | 475 | ||
Insurance and regulatory assessments | ||||||
900 | 951 | 799 | 883 | 761 | ||
Core deposit premium | ||||||
1,501 | 575 | 355 | - | - | ||
Amortization of intangibles | ||||||
- | - | - | 372 | 117 | ||
OREO expenses | ||||||
337 | 24 | 28 | 28 | -18 | ||
Merger and conversion expenses | ||||||
471 | 1,658 | 37 | - | - | ||
Other expenses | ||||||
3,509 | 3,551 | 3,174 | 5,018 | 2,429 | ||
Total noninterest expense | ||||||
57,473 | 40,637 | 27,623 | 27,906 | 20,084 | ||
Income before income taxes | ||||||
55,321 | 46,206 | 46,797 | 32,568 | 21,969 | ||
Income tax expense | ||||||
16,112 | 10,101 | 21,269 | 13,489 | 8,996 | ||
Net income | ||||||
39,209 | 36,105 | 25,528 | 19,079 | 12,973 | ||
Net income per share | ||||||
Basic | ||||||
1.96 | 2.11 | 1.81 | 1.49 | 1.02 | ||
Diluted | ||||||
1.92 | 2.01 | 1.68 | 1.39 | 0.96 | ||
Cash dividends declared per common share | ||||||
0.40 | 0.35 | 0.38 | 0.20 | 0.25 | ||
Weighted-average common shares outstanding | ||||||
Basic | ||||||
20,017 | 17,151 | 14,078 | 12,800 | 12,761 | ||
Diluted | ||||||
20,393 | 17,967 | 15,238 | 13,695 | 13,552 | ||