| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Interest income: | ||||||
Interest and fees on loans | ||||||
87,546 | 55,087 | 45,411 | 39,455 | |||
Interest and dividends on investment securities | ||||||
4,624 | 1,508 | 517 | 178 | |||
Other interest income | ||||||
3,090 | 744 | 979 | 577 | |||
Total interest income | ||||||
95,260 | 57,339 | 46,907 | 40,210 | |||
Interest expense: | ||||||
Interest on deposits | ||||||
15,540 | 8,482 | 6,602 | 5,482 | |||
Interest on FHLB advances and other borrowings | ||||||
1,830 | 1,842 | 1,726 | 1,248 | |||
Total interest expense | ||||||
17,370 | 10,324 | 8,328 | 6,730 | |||
Net interest income | ||||||
77,890 | 47,015 | 38,579 | 33,480 | |||
Provision for loan losses | ||||||
2,856 | 2,160 | 2,475 | 1,617 | |||
Net interest income after provision for loan losses | ||||||
75,034 | 44,855 | 36,104 | 31,863 | |||
Noninterest income: | ||||||
Service charges and fees | ||||||
3,710 | 1,887 | 1,501 | 1,216 | |||
SBA loan servicing fees | ||||||
929 | 2,727 | 1,794 | 1,831 | |||
Mortgage referral fees | ||||||
713 | 621 | 634 | 751 | |||
Gain on sales of loans, net | ||||||
4,014 | 5,120 | 5,684 | 4,437 | |||
Gain on sales of investment securities | ||||||
4,582 | - | - | 69 | |||
Other noninterest income | ||||||
619 | 134 | 25 | 38 | |||
Total noninterest income | ||||||
14,567 | 10,489 | 9,638 | 8,342 | |||
Noninterest expense: | ||||||
Salaries and employee benefits | ||||||
36,175 | 27,512 | 23,338 | 21,094 | |||
Occupancy and equipment expenses | ||||||
6,884 | 5,215 | 5,123 | 4,736 | |||
Professional services | ||||||
4,054 | 3,055 | 1,845 | 1,745 | |||
Data processing and network | ||||||
3,036 | 1,276 | 1,266 | 1,518 | |||
Regulatory assessments and insurance | ||||||
422 | 1,094 | 924 | 742 | |||
Amortization of intangibles | ||||||
3,630 | 917 | 703 | 671 | |||
Advertising | ||||||
623 | 381 | 551 | 303 | |||
Marketing | ||||||
538 | 508 | 579 | 634 | |||
Telephone expense | ||||||
993 | 414 | 409 | 606 | |||
Conversion expense | ||||||
1,992 | 160 | - | - | |||
Other operating expenses | ||||||
4,697 | 2,832 | 2,664 | 2,832 | |||
Total noninterest expense | ||||||
63,044 | 43,364 | 37,402 | 34,881 | |||
Income before income tax expense | ||||||
26,557 | 11,980 | 8,340 | 5,324 | |||
Income tax expense | ||||||
5,421 | 2,002 | 3,587 | 1,609 | |||
Net income | ||||||
21,136 | 9,978 | 4,753 | 3,715 | |||
Earnings per common share: | ||||||
Basic | ||||||
1.44 | 1.08 | 0.65 | 0.51 | |||
Diluted | ||||||
1.40 | 1.03 | 0.63 | 0.50 | |||
Weighted average common shares outstanding: | ||||||
Basic | ||||||
14,697 | 9,258 | 7,233 | 7,065 | |||
Diluted | ||||||
15,112 | 9,642 | 7,519 | 7,205 | |||