XML 17 R4.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income      
Loans $ 93,133 $ 88,929 $ 73,718
Investment securities 1,415 2,101 1,801
Federal funds sold and interest-bearing deposits with banks 270 1,622 1,138
Total interest income 94,818 92,652 76,657
Interest expense      
Deposits 13,055 23,730 14,836
Borrowings 1,953 1,653 1,669
Total interest expense 15,008 25,383 16,505
Net interest income 79,810 67,269 60,152
Provision for loan losses 29,600 2,300 1,900
Net interest income after provision for loan losses 50,210 64,969 58,252
Noninterest income      
Mortgage banking income 19,785 9,923 5,544
Service fees on deposit accounts 860 1,061 1,040
ATM and debit card income 1,741 1,728 1,490
Income from bank owned life insurance 1,091 1,001 878
Gain on sale of investment securities, net 3 727 7
Loss on extinguishment of debt (37) (1,496)
Net lender fees on PPP loan sale 2,247
Other income 1,663 2,039 1,242
Total noninterest income 27,353 14,983 10,201
Noninterest expenses      
Compensation and benefits 26,287 23,826 22,328
Mortgage production costs 9,898 6,436 4,152
Occupancy 6,226 5,513 5,035
Other real estate owned (income) expenses, net 1,223 (26) 116
Outside service and data processing costs 4,223 3,782 3,022
Insurance 1,380 813 1,284
Professional fees 1,771 1,327 1,345
Marketing 628 791 758
Other 2,108 2,011 1,723
Total noninterest expenses 53,744 44,473 39,763
Income before income tax expense 23,819 35,479 28,690
Income tax expense 5,491 7,621 6,401
Net income available to common shareholders $ 18,328 $ 27,858 $ 22,289
Earnings per common share      
Basic $ 2.37 $ 3.70 $ 3.02
Diluted $ 2.34 $ 3.58 $ 2.88
Weighted average common shares outstanding      
Basic 7,718,615 7,528,283 7,384,200
Diluted 7,824,214 7,772,544 7,737,495