XML 127 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest Income      
Loans, including fees $ 94,414 $ 94,303 $ 69,168
Investment securities:      
Taxable interest 5,886 5,948 3,894
Tax-exempt interest 507 708 637
Other investments and deposits 1,401 1,353 699
Total interest income 102,208 102,312 74,398
Interest Expense      
Deposits 15,050 9,076 5,161
Other borrowings expense 213 46 0
Short-term Federal Home Loan Bank advances 0 40 99
Long-term Federal Home Loan Bank advances 949 1,144 1,289
Total interest expense 16,212 10,306 6,549
Net interest income 85,996 92,006 67,849
Provision for loan losses 3,014 3,943 2,317
Net interest income after provision for loan losses 82,982 88,063 65,532
Noninterest Income      
Gain on sale of loans, net 1,074 872 1,196
Income from bank-owned life insurance 2,069 656 494
Loss on sale of assets, net (335) (52) (162)
Other income 1,151 1,107 1,202
Total noninterest income 14,415 13,447 9,962
Noninterest Expense      
Compensation and benefits 38,415 36,796 28,162
Occupancy 7,118 6,658 5,065
Marketing and advertising 1,576 1,309 1,188
Data processing and communication 6,611 7,646 4,329
Professional services 856 1,119 1,590
Forms, printing and supplies 683 973 594
Franchise and shares tax 1,444 1,030 948
Regulatory fees 830 1,559 1,264
Foreclosed assets, net 556 397 (298)
Amortization of acquisition intangible 1,583 1,845 763
Other expenses 3,933 3,893 2,572
Total noninterest expense 63,605 63,225 46,177
Income before income tax expense 33,792 38,285 29,317
Income tax expense 5,860 6,695 12,493
Net Income $ 27,932 $ 31,590 $ 16,824
Earnings per share:      
Basic (in usd per share) $ 3.08 $ 3.48 $ 2.36
Diluted (in usd per share) 3.05 3.40 2.28
Cash dividends declared per common share (in usd per share) $ 0.84 $ 0.71 $ 0.55
Service fees and charges      
Noninterest Income      
Fees and charges $ 5,940 $ 6,370 $ 4,229
Bank card fees      
Noninterest Income      
Fees and charges $ 4,516 $ 4,494 $ 3,003