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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest and dividend income      
Loans, including fees $ 87,777,000 $ 84,972,000 $ 64,196,000
Taxable securities 5,359,000 6,584,000 4,770,000
Tax-exempt securities 6,123,000 5,647,000 3,976,000
Federal funds sold and other 606,000 851,000 735,000
Total interest and dividend income 99,865,000 98,054,000 73,677,000
Interest expense      
Deposits 6,881,000 8,057,000 3,758,000
Federal Home Loan Bank advances 1,932,000 3,452,000 2,471,000
Subordinated debentures 945,000 1,423,000 1,320,000
Securities sold under agreements to repurchase and other 380,000 22,000 21,000
Total interest expense 10,138,000 12,954,000 7,570,000
Net interest income 89,727,000 85,100,000 66,107,000
Provision for loan losses 10,112,000 1,035,000 780,000
Net interest income after provision for loan losses 79,615,000 84,065,000 65,327,000
Noninterest income      
Service charges 5,288,000 6,395,000 5,208,000
Net gain (loss) on sale of securities 94,000 32,000 (413,000)
Net gain (loss) on equity securities (57,000) 121,000 26,000
Net gain on sale of loans 8,563,000 2,707,000 1,621,000
ATM/Interchange fees 4,472,000 4,056,000 2,794,000
Wealth management fees 3,981,000 3,670,000 3,669,000
Bank owned life insurance 977,000 1,007,000 718,000
Tax refund processing fees 2,375,000 2,750,000 2,750,000
Computer center item processing fees 252,000 273,000 260,000
Swap fees 1,459,000 516,000 621,000
Other 778,000 916,000 877,000
Total noninterest income 28,182,000 22,443,000 18,131,000
Noninterest expense      
Compensation expense 42,480,000 39,156,000 37,299,000
Net occupancy expense 4,079,000 3,835,000 3,363,000
Equipment expense 2,006,000 2,246,000 1,654,000
Contracted data processing 1,880,000 1,831,000 7,140,000
FDIC Assessment 728,000 138,000 536,000
State franchise tax 1,913,000 1,843,000 1,370,000
Professional services 2,795,000 2,844,000 4,229,000
Amortization of intangible assets 913,000 945,000 366,000
ATM/Interchange expense 1,868,000 1,887,000 1,069,000
Marketing expense 1,074,000 1,411,000 1,182,000
Software maintenance expenses 1,833,000 1,523,000 1,136,000
Other operating expenses 9,096,000 9,288,000 7,335,000
Total noninterest expense 70,665,000 66,947,000 66,679,000
Income before income taxes 37,132,000 39,561,000 16,779,000
Income taxes 4,940,000 5,683,000 2,640,000
Net income 32,192,000 33,878,000 14,139,000
Preferred stock dividends   647,000 959,000
Net income available to common shareholders $ 32,192,000 $ 33,231,000 $ 13,180,000
Earnings per common share, basic $ 2.00 $ 2.12 $ 1.10
Earnings per common share, diluted $ 2.00 $ 2.01 $ 1.02