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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest and dividend income:      
Interest and fees on loans $ 112,181 $ 110,213 $ 77,764
Interest and dividends on taxable securities 5,639 5,752 4,077
Interest and dividends on tax exempt securities 585 634 492
Interest and dividends on other earning assets 2,117 2,256 1,231
Interest on federal funds sold 2 52 6
Total interest and dividend income 120,524 118,907 83,570
Interest expense:      
Interest on deposits 30,602 18,235 10,993
Interest on repurchase agreements 87 97 36
Interest on junior subordinated debt 589 575 253
Interest on senior subordinated notes 2,847 2,847 2,194
Interest on other borrowings 2,799 6,087 2,177
Total interest expense 36,924 27,841 15,653
Net interest income 83,600 91,066 67,917
Provision for loan losses 350 4,200 8,625
Net interest income after provision for loan losses 83,250 86,866 59,292
Noninterest income:      
Account maintenance and deposit service fees 7,159 5,959 3,564
Income from bank-owned life insurance 1,699 1,983 929
Equity gain (loss) from mortgage affiliate 1,191 (894) (345)
Gain on sales of investment securities     255
Recoveries related to acquired charged-off loans and investment securities 1,537 2,610 757
Portion of OTTI recognized in other comprehensive income (before taxes) (1,060)    
Other 1,000 541 269
Total noninterest income 12,586 10,199 5,429
Noninterest expenses:      
Salaries and benefits 26,261 27,706 20,285
Occupancy expenses 6,204 6,628 4,809
Furniture and equipment expenses 2,719 2,795 2,228
Amortization of core deposit intangible 1,418 1,445 845
Virginia franchise tax expense 2,251 1,839 969
Data processing expense 2,381 1,885 1,140
Telephone and communication expense 1,615 2,035 1,422
Net (gain) loss on other real estate owned (38) 360 520
Professional fees 3,612 1,644 1,798
Merger expenses     9,426
Other operating expenses 10,169 7,423 5,707
Total noninterest expenses 56,592 53,760 49,149
Income before income taxes 39,244 43,305 15,572
Income tax expense 6,077 9,614 13,147
Net income 33,167 33,691 2,425
Other comprehensive income (loss):      
Unrealized gain (loss) on available for sale securities 4,256 (1,548) (309)
Non-credit component of other-than-temporary impairment on held-to-maturity securities     (255)
Accretion of amounts previously recorded upon transfer to held to maturity from available for sale 13 16 13
Net unrealized gain (loss) 4,269 (1,532) (551)
Tax effect 897 (324) (188)
Other comprehensive income (loss) 3,372 (1,208) (363)
Comprehensive income $ 36,539 $ 32,483 $ 2,062
Earnings per share, basic (in dollars per share) $ 1.38 $ 1.40 $ 0.13
Earnings per share, diluted (in dollars per share) $ 1.36 $ 1.39 $ 0.13