XML 18 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest income      
Loans $ 91,599 $ 93,133 $ 88,929
Investment securities 1,335 1,415 2,101
Federal funds sold and interest-bearing deposits with banks 233 270 1,622
Total interest income 93,167 94,818 92,652
Interest expense      
Deposits 3,909 13,055 23,730
Borrowings 1,526 1,953 1,653
Total interest expense 5,435 15,008 25,383
Net interest income 87,732 79,810 67,269
Provision for (reversal of) loan losses (12,400) 29,600 2,300
Net interest income after provision for loan losses 100,132 50,210 64,969
Noninterest income      
Mortgage banking income 11,376 19,785 9,923
Service fees on deposit accounts 757 860 1,061
ATM and debit card income 2,092 1,741 1,728
Income from bank owned life insurance 1,231 1,091 1,001
Gain on sale of investment securities, net (3) 3 727
Loss on extinguishment of debt (37) (1,496)
Net lender fees on PPP loan sale 2,247
Other income 1,648 1,663 2,039
Total noninterest income 17,101 27,353 14,983
Noninterest expenses      
Compensation and benefits 28,854 26,287 23,826
Mortgage production costs 8,753 9,898 6,436
Occupancy 6,950 6,226 5,513
Other real estate owned (income) expenses, net 385 1,223 (26)
Outside service and data processing costs 4,865 4,223 3,782
Insurance 1,149 1,380 813
Professional fees 2,057 1,771 1,327
Marketing 873 628 791
Other 2,544 2,108 2,011
Total noninterest expenses 56,430 53,744 44,473
Income before income tax expense 60,803 23,819 35,479
Income tax expense 14,092 5,491 7,621
Net income available to common shareholders $ 46,711 $ 18,328 $ 27,858
Earnings per common share      
Basic $ 5.96 $ 2.37 $ 3.70
Diluted $ 5.85 $ 2.34 $ 3.58
Weighted average common shares outstanding      
Basic 7,843,692 7,718,615 7,528,283
Diluted 7,988,980 7,824,214 7,772,544