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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 and dividends      
Loans, including fees $ 157,225 $ 131,918 $ 100,470
Securities:      
Taxable 17,462 26,533 21,309
Tax-exempt 5,559 7,384 8,593
Dividends on restricted equity securities 1,213 1,243 928
Federal funds sold and other 3,233 2,867 1,153
Total interest income 184,692 169,945 132,453
Interest expense      
Deposits 61,298 53,326 27,464
Federal funds purchased and repurchase agreements 290 419 407
Federal Home Loan Bank advances 7,616 6,369 3,215
Subordinated notes and other borrowings 4,328 4,328 4,321
Total interest expense 73,532 64,442 35,407
Net interest income 111,160 105,503 97,046
Provision for loan losses 32,047 2,254 4,313
Net interest income after provision for loan losses 79,113 103,249 92,733
Noninterest income      
Gain (loss) on sales and calls of securities 2,043 (4,160) 896
Net (loss) gain on sale of loans held for investment (2,003) 0 226
Total noninterest income 17,775 10,662 14,721
Noninterest expense      
Salaries and employee benefits 50,813 43,837 35,268
Occupancy and equipment 13,069 11,628 9,219
FDIC assessment expense 1,843 3,448 3,680
Marketing 1,189 1,092 965
Professional fees 4,356 4,413 3,419
Amortization of core deposit intangible 504 612 473
Other 10,105 8,448 7,800
Total noninterest expense 81,879 73,478 60,824
Income before income tax expense 15,009 40,433 46,630
Income tax expense 187 5,912 18,531
Net income 14,822 34,521 28,099
Earnings attributable to noncontrolling interest (16) (16) (16)
Net income available to common shareholders $ 14,806 $ 34,505 $ 28,083
Earnings per share:      
Basic (in dollars per share) $ 1.01 $ 2.44 $ 2.14
Diluted (in dollars per share) $ 0.98 $ 2.34 $ 2.04
Service charges on deposit accounts      
Noninterest income      
Noninterest income $ 317 $ 217 $ 154
Other Service Charges and Fees      
Noninterest income      
Noninterest income 3,724 3,183 3,039
Mortgage banking service      
Noninterest income      
Loan servicing fees 9,154 6,696 6,892
Wealth management      
Noninterest income      
Noninterest income 2,880 2,969 2,613
Net gain on sale of foreclosed assets      
Noninterest income      
Noninterest income 7 91 (7)
Other      
Noninterest income      
Noninterest income $ 1,653 $ 1,666 $ 908