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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 $ 94,852 $ 78,033 $ 60,024
Investment Securities 7,773 6,694 5,981
Other 1,153 499 341
Total Interest Income 103,778 85,226 66,346
INTEREST EXPENSE      
Deposits 23,996 15,972 9,719
Notes Payable 501 594 656
FHLB Advances 3,407 1,718 880
Subordinated Debentures 1,556 1,568 749
Federal Funds Purchased 186 636 169
Total Interest Expense 29,646 20,488 12,173
NET INTEREST INCOME 74,132 64,738 54,173
Provision for Loan Losses 2,700 3,575 4,175
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 71,432 61,163 49,998
NONINTEREST INCOME      
Customer Service Fees 760 745 660
Net Gain (Loss) on Sales of Available for Sale Securities 516 (125) (250)
Net Gain (Loss) on Sales of Foreclosed Assets 69 (225) 356
Other Income 2,481 2,148 1,770
Total Noninterest Income 3,826 2,543 2,536
NONINTEREST EXPENSE      
Salaries and Employee Benefits 22,076 18,620 14,051
Occupancy and Equipment 3,085 2,351 2,192
Other Expense 11,771 10,591 9,253
Total Noninterest Expense 36,932 31,562 25,496
INCOME BEFORE INCOME TAXES 38,326 32,144 27,038
Provision for Income Taxes 6,923 5,224 10,149
NET INCOME $ 31,403 $ 26,920 $ 16,889
EARNINGS PER SHARE      
Basic (in dollars per share) $ 1.07 $ 0.93 $ 0.69
Diluted (in dollars per share) $ 1.05 $ 0.91 $ 0.68