| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
INTEREST INCOME | ||||||
Interest and fees on loans | ||||||
68,421 | 58,351 | 34,176 | - | - | - | |
Interest and fees on loans | ||||||
- | - | - | 31,905 | 26,017 | 14,659 | |
Interest and fees on loans held for sale | ||||||
961 | 1,278 | 868 | 773 | 1,523 | 718 | |
Interest on investment securities, taxable | ||||||
2,099 | 1,836 | 691 | 724 | 881 | 1,024 | |
Interest on investment securities, nontaxable | ||||||
6,452 | 6,605 | 3,904 | 2,211 | 1,185 | 641 | |
Federal funds sold and other | ||||||
1,252 | 1,155 | 519 | 402 | 282 | 173 | |
TOTAL INTEREST INCOME | ||||||
79,185 | 69,225 | 40,158 | 36,015 | 29,888 | 17,215 | |
INTEREST EXPENSE | ||||||
Deposits | ||||||
Deposits | ||||||
Demand | ||||||
384 | 366 | 173 | 182 | 190 | 148 | |
Savings and money market deposit accounts | ||||||
4,154 | 2,589 | 748 | 632 | 466 | 330 | |
Time | ||||||
17,361 | 9,862 | 4,095 | 1,835 | 1,416 | 797 | |
Federal Home Loan Bank advances and other | ||||||
543 | 1,855 | 655 | 714 | 646 | 354 | |
Subordinated debentures | ||||||
938 | 724 | 0 | 0 | - | - | |
TOTAL INTEREST EXPENSE | ||||||
23,380 | 15,396 | 5,671 | 3,363 | 2,718 | 1,629 | |
NET INTEREST INCOME | ||||||
55,805 | 53,829 | 34,487 | 32,652 | 27,170 | 15,586 | |
PROVISION FOR LOAN LOSSES | ||||||
1,211 | 1,035 | 1,316 | 968 | -270 | -1,500 | |
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | ||||||
54,594 | 52,794 | 33,171 | 31,684 | 27,440 | 17,086 | |
NONINTEREST INCOME | ||||||
Service charges on deposit accounts | ||||||
3,746 | 3,419 | 1,251 | - | - | - | |
Service charges on deposit accounts | ||||||
- | - | - | 1,239 | 958 | 617 | |
Gains on mortgage loans sold, net | ||||||
4,905 | 4,418 | 3,675 | 6,317 | 10,999 | 3,447 | |
Gain on securities transactions, net | ||||||
1,451 | 43 | 59 | - | - | - | |
Gain on sale of other real estate | ||||||
166 | 259 | 27 | 301 | 6 | -8 | |
Gain on disposal of premises and equipment | ||||||
0 | 13 | -52 | 0 | 0 | - | |
Gain (Loss) on Sale of Securities, Net | ||||||
- | - | - | 36 | -388 | 143 | |
Earnings on bank owned life insurance contracts | ||||||
1,119 | 1,186 | 836 | - | - | - | |
Other | ||||||
577 | 308 | 214 | 907 | 807 | 409 | |
TOTAL NONINTEREST INCOME | ||||||
11,964 | 9,646 | 6,010 | 8,800 | 12,382 | 4,608 | |
NONINTEREST EXPENSE | ||||||
Salaries and employee benefits | ||||||
30,514 | 27,510 | 18,432 | 18,256 | 18,657 | 10,170 | |
Occupancy | ||||||
5,423 | 4,949 | 3,353 | 3,174 | 3,387 | 2,599 | |
Information technology | ||||||
6,213 | 5,333 | 2,715 | 2,486 | 2,479 | 1,399 | |
Advertising and public relations | ||||||
1,293 | 600 | 264 | 702 | 1,213 | 559 | |
Audit, legal and consulting | ||||||
2,302 | 2,976 | 1,508 | 1,287 | 1,892 | 714 | |
Federal deposit insurance | ||||||
605 | 793 | 399 | 438 | 383 | 264 | |
Provision for losses on other real estate | ||||||
98 | 0 | 0 | 70 | 110 | 72 | |
Merger expenses | ||||||
1,603 | 2,774 | 1,426 | 0 | - | - | |
Other operating | ||||||
5,841 | 5,626 | 2,979 | 3,961 | 3,448 | 1,389 | |
TOTAL NONINTEREST EXPENSE | ||||||
53,892 | 50,561 | 31,076 | 30,374 | 31,569 | 17,166 | |
INCOME BEFORE PROVISION FOR INCOME TAXES | ||||||
12,666 | 11,879 | 8,105 | 10,110 | 8,253 | 4,528 | |
INCOME TAX EXPENSE (BENEFIT) | ||||||
2,129 | 1,372 | 1,942 | 2,213 | 2,271 | 1,816 | |
CONSOLIDATED NET INCOME (LOSS) | ||||||
10,537 | 10,507 | 6,163 | 7,897 | 5,982 | 2,712 | |
NONCONTROLLING INTEREST IN NET LOSS OF SUBSIDIARY | ||||||
-5,659 | -3,578 | -1,083 | -1,039 | 407 | -1,184 | |
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS | ||||||
16,196 | 14,085 | 7,246 | 8,936 | 5,575 | 3,896 | |
Basic net income (loss) attributable to common shareholders, per share (in dollars per share) | ||||||
1.44 | 1.24 | 0.89 | 1.18 | 0.88 | 0.98 | |
Diluted net income (loss) attributable to common shareholders, per share (in dollars per share) | ||||||
1.44 | 1.23 | 0.88 | 1.16 | 0.86 | 0.96 | |