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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest income:      
Loans, including fees $ 116,808 $ 105,635 $ 86,346
Securities, taxable 15,836 15,211 13,724
Securities, exempt from Federal tax 2,148 2,225 2,256
Other investments, interest-bearing deposits in other financial institutions and Federal funds sold 7,867 6,774 4,585
Total interest income 142,659 129,845 106,911
Interest expense:      
Deposits 8,159 5,506 3,991
Subordinated debt 2,686 2,314 1,394
Short-term borrowings 2 2 2
Total interest expense 10,847 7,822 5,387
Net interest income before provision for loan losses 131,812 122,023 101,524
Provision for loan losses 846 7,421 99
Net interest income after provision for loan losses 130,966 114,602 101,425
Noninterest income:      
Service charges and fees on deposit accounts 4,510 4,113 3,231
Increase in cash surrender value of life insurance 1,404 1,045 1,666
Gain (loss) on sales of securities 661 266 (6)
Gain on sales of SBA loans 689 698 1,108
Servicing income 636 709 973
Other 2,344 2,743 2,640
Total noninterest income 10,244 9,574 9,612
Noninterest expense:      
Salaries and employee benefits 50,754 43,762 35,719
Occupancy and equipment 6,647 5,411 4,578
Professional fees 3,259 1,969 2,982
Other 24,238 24,379 17,459
Total noninterest expense 84,898 75,521 60,738
Income before income taxes 56,312 48,655 50,299
Income tax expense 15,851 13,324 26,471
Net income $ 40,461 $ 35,331 $ 23,828
Earnings per common share:      
Basic (in dollars per share) $ 0.87 $ 0.85 $ 0.63
Diluted (in dollars per share) $ 0.84 $ 0.84 $ 0.62