v3.19.1
Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest income:      
Interest and fees on loans $ 76,837 $ 61,516 $ 50,058
Interest on tax-exempt investment securities 159 186 147
Interest on investment securities 3,565 2,428 1,594
Interest and dividends on other interest-earning assets 3,138 1,137 796
Total interest income 83,699 65,267 52,595
Interest expense:      
Interest on deposits 17,340 9,749 7,009
Interest on borrowings 611 348 5
Total interest expense 17,951 10,097 7,014
Net interest income 65,748 55,170 45,581
Provision for loan losses 1,231 1,827 2,283
Net interest income after provision for loan losses 64,517 53,343 43,298
Noninterest income:      
Service charges and fees on deposits 2,439 2,199 2,221
Loan servicing income 2,160 2,446 2,159
Gain on sale of loans 5,560 9,000 8,912
Gain on sale of securities available-for-sale 0 0 8
Other income 1,234 1,071 1,083
Total noninterest income 10,454 13,894 13,619
Noninterest expense:      
Salaries and employee benefits 24,473 22,829 19,944
Occupancy and equipment 4,992 4,426 4,337
Professional fees 2,176 1,842 1,997
Marketing and business promotion 2,010 1,647 1,449
Data processing 1,220 1,074 943
Director fees and expenses 942 757 708
Loan related expenses 353 437 341
Regulatory assessments 544 423 460
Other expenses 3,516 2,460 2,335
Total noninterest expense 40,226 35,895 32,514
Income before income taxes 34,745 31,342 24,403
Income tax expense 10,444 14,939 10,401
Net income $ 24,301 $ 16,403 $ 14,002
Earnings per common share, basic (in dollars per share) $ 1.69 $ 1.22 $ 1.12
Earnings per common share, diluted (in dollars per share) $ 1.65 $ 1.21 $ 1.11
Weighted-average common shares outstanding, basic (in shares) 14,397,075 13,408,030 12,532,807
Weighted-average common shares outstanding, diluted (in shares) 14,691,370 13,540,293 12,607,990
Service charges and fees on deposits      
Noninterest income:      
Service charges and fees on deposits $ 1,500 $ 1,377 $ 1,457