| Dec'19 | Dec'18 | |||||
|---|---|---|---|---|---|---|
Interest income: | ||||||
Loans, including fees | ||||||
116,904 | 105,710 | |||||
Securities: | ||||||
Taxable | ||||||
8,890 | 5,577 | |||||
Non taxable | ||||||
1,018 | 2,872 | |||||
Interest income on federal funds sold and interest income derived from funds deposited with both domestic and foreign financial institutions including funds in money market and other accounts. | ||||||
6,130 | 3,935 | |||||
Total interest income | ||||||
132,942 | 118,094 | |||||
Interest expense: | ||||||
Deposits | ||||||
22,491 | 17,561 | |||||
Notes payable & other borrowings | ||||||
2,314 | 2,051 | |||||
Subordinated debt securities | ||||||
1,616 | 1,046 | |||||
Junior subordinated deferrable interest debentures | ||||||
1,946 | 1,824 | |||||
Total interest expense | ||||||
28,367 | 22,482 | |||||
Net interest income | ||||||
104,575 | 95,612 | |||||
Provision for loan losses | ||||||
2,799 | 6,901 | |||||
Net interest income, after provision for loan losses | ||||||
101,776 | 88,711 | |||||
Noninterest income: | ||||||
The non-interest income earned through general service fees for monthly account maintenance and activity- or transaction-based fees, consisting of transaction-based revenue, time-based revenue (service period), item-based revenue or some other individual attribute-based revenue. | ||||||
8,129 | 7,813 | |||||
Income from insurance activities | ||||||
7,016 | 7,128 | |||||
Net gain on sales of loans | ||||||
23,521 | 19,703 | |||||
The non-interest income generated from bank card services and interchange fees. | ||||||
8,692 | 8,845 | |||||
Investment commissions | ||||||
1,710 | 1,779 | |||||
The non-interest income generated from fiduciary fees. | ||||||
2,306 | 1,442 | |||||
Other | ||||||
5,259 | 5,411 | |||||
Total noninterest income | ||||||
56,633 | 52,121 | |||||
Noninterest expense: | ||||||
Salaries and employee benefits | ||||||
75,392 | 71,778 | |||||
Occupancy and equipment, net | ||||||
13,572 | 13,571 | |||||
Professional services | ||||||
7,334 | 6,734 | |||||
Marketing and development | ||||||
3,017 | 3,050 | |||||
IT and data services | ||||||
2,830 | 2,233 | |||||
The amount of noninterest expense related to bank card expenses. | ||||||
3,346 | 2,743 | |||||
The amount of noninterest expense related to appraisal expenses. | ||||||
1,625 | 1,353 | |||||
Other | ||||||
14,592 | 13,981 | |||||
Total noninterest expense | ||||||
121,708 | 115,443 | |||||
Income before income taxes | ||||||
36,701 | 25,389 | |||||
Income tax expense | ||||||
7,481 | -3,901 | |||||
Net income | ||||||
29,220 | 29,290 | |||||
EARNINGS PER SHARE [Abstract] | ||||||
Basic earnings per share (in dollars per share) | ||||||
1.74 | 1.98 | |||||
Diluted earnings per share (in dollars per share) | ||||||
1.71 | 1.98 | |||||
Net income | ||||||
29,220 | 29,290 | |||||
Other comprehensive income: | ||||||
Change in net unrealized loss on securities available for sale | ||||||
4,025 | -1,773 | |||||
Reclassification adjustment for (gain) included in net income | ||||||
-28 | 620 | |||||
Tax effect | ||||||
-852 | 596 | |||||
Other comprehensive income | ||||||
3,201 | -1,797 | |||||
Comprehensive income | ||||||
32,421 | 27,493 | |||||