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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 $ 88,929 $ 73,718 $ 58,808
Investment securities 2,101 1,801 1,617
Federal funds sold and interest-bearing deposits with banks 1,622 1,138 784
Total interest income 92,652 76,657 61,209
Interest expense      
Deposits 23,730 14,836 7,373
Borrowings 1,653 1,669 2,960
Total interest expense 25,383 16,505 10,333
Net interest income 67,269 60,152 50,876
Provision for loan losses 2,300 1,900 2,000
Net interest income after provision for loan losses 64,969 58,252 48,876
Noninterest income      
Mortgage banking income 9,923 5,544 5,152
Service fees on deposit accounts 1,061 1,040 1,168
ATM and debit card income 1,728 1,490 1,172
Income from bank owned life insurance 1,001 878 811
Gain on sale of investment securities, net 727 7 4
Loss on extinguishment of debt (1,496)
Other income 2,039 1,242 1,030
Total noninterest income 14,983 10,201 9,337
Noninterest expenses      
Compensation and benefits 29,025 25,561 21,791
Occupancy 5,527 5,049 4,121
Outside service and data processing costs 4,187 3,302 3,158
Insurance 813 1,284 1,146
Professional fees 1,699 1,574 1,362
Marketing 941 856 737
Other 2,281 2,137 2,237
Total noninterest expenses 44,473 39,763 34,552
Income before income tax expense 35,479 28,690 23,661
Income tax expense 7,621 6,401 10,616
Net income available to common shareholders $ 27,858 $ 22,289 $ 13,045
Earnings per common share      
Basic $ 3.70 $ 3.02 $ 1.86
Diluted $ 3.58 $ 2.88 $ 1.76
Weighted average common shares outstanding      
Basic 7,528,283 7,384,200 7,005,703
Diluted 7,772,544 7,737,495 7,393,377