| Dec'19 | Dec'18 | |||||
|---|---|---|---|---|---|---|
INTEREST AND DIVIDEND INCOME | ||||||
Interest and fees on loans | ||||||
64,570 | 58,747 | |||||
Interest on securities | ||||||
7,241 | 6,951 | |||||
Interest on federal funds sold | ||||||
753 | 356 | |||||
Interest on deposits in other banks | ||||||
1,127 | 798 | |||||
Dividends on stock | ||||||
34 | 34 | |||||
Total Interest and Dividend Income | ||||||
73,725 | 66,886 | |||||
INTEREST EXPENSE | ||||||
Interest on deposits | ||||||
9,701 | 7,084 | |||||
Interest on other borrowed funds | ||||||
0 | 7 | |||||
Interest on junior subordinated debentures | ||||||
385 | 558 | |||||
Total Interest Expense | ||||||
10,086 | 7,649 | |||||
Net Interest Income | ||||||
63,639 | 59,237 | |||||
Provision for loan losses | ||||||
1,810 | 1,990 | |||||
Net Interest Income After Provision for Loan Losses | ||||||
61,829 | 57,247 | |||||
NONINTEREST INCOME | ||||||
Service charges on deposit accounts | ||||||
4,573 | 4,582 | |||||
Debit card income, net | ||||||
3,095 | 2,986 | |||||
Mortgage loan income | ||||||
3,002 | 2,107 | |||||
Brokerage income | ||||||
2,125 | 1,944 | |||||
Loan and deposit income | ||||||
1,521 | 1,359 | |||||
Bank-owned life insurance income | ||||||
544 | 732 | |||||
Gain (Loss) on equity securities | ||||||
115 | -85 | |||||
Gain (Loss) on sale of securities | ||||||
18 | 32 | |||||
SBIC income | ||||||
819 | 509 | |||||
Other income | ||||||
158 | 365 | |||||
Total Noninterest Income | ||||||
15,970 | 14,531 | |||||
OPERATING EXPENSES | ||||||
Personnel expenses | ||||||
27,800 | 26,094 | |||||
Occupancy and equipment expenses | ||||||
4,976 | 4,500 | |||||
Technology expenses | ||||||
2,293 | 2,070 | |||||
Advertising | ||||||
1,025 | 762 | |||||
Other business development expenses | ||||||
1,107 | 1,127 | |||||
Data processing expense | ||||||
1,882 | 1,386 | |||||
Other taxes | ||||||
1,579 | 1,327 | |||||
Loan and deposit expenses | ||||||
1,148 | 852 | |||||
Legal and professional expenses | ||||||
1,541 | 1,422 | |||||
Regulatory assessment expenses | ||||||
351 | 642 | |||||
Other operating expenses | ||||||
3,633 | 3,240 | |||||
Total Operating Expenses | ||||||
47,335 | 43,422 | |||||
Income Before Income Tax Expense | ||||||
30,464 | 28,356 | |||||
Income tax expense | ||||||
5,640 | 5,300 | |||||
Net Income (Loss) Attributable to Parent | ||||||
24,824 | 23,056 | |||||
Earnings Per Share, Basic and Diluted [Abstract] | ||||||
Basic (in dollars per share) | ||||||
3.51 | 3.43 | |||||
Diluted (in dollars per share) | ||||||
3.49 | 3.41 | |||||