XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income        
Interest and fees on loans $ 35,608 $ 30,493 $ 69,401 $ 58,955
Securities 1,519 1,507 3,076 2,943
Federal Funds and other interest-earning assets 1,359 936 2,842 1,930
Equity investments 163 191 315 384
Total interest income 38,649 33,127 75,634 64,212
Interest expense        
Deposits 3,822 2,126 7,406 4,074
Federal Home Loan Bank advances and repurchase agreements 524 13 589 14
Note payable and junior subordinated debt 4 112 12 209
Total interest expense 4,350 2,251 8,007 4,297
Net interest income 34,299 30,876 67,627 59,915
Provision for loan losses 807 690 1,954 1,555
Net interest income after provision for loan losses 33,492 30,186 65,673 58,360
Noninterest income        
Deposit account service charges 1,657 1,497 3,286 2,975
Net gain on sale of assets 69 210 157 340
Card interchange fees 941 971 1,805 1,898
Earnings on bank-owned life insurance 3,721 465 4,151 916
Other 915 363 1,397 738
Total noninterest income 7,303 3,506 10,796 6,867
Noninterest expense        
Salaries and employee benefits 14,185 12,496 28,007 25,191
Net occupancy expense 2,338 2,433 4,605 4,698
Regulatory fees 446 513 910 1,058
Data processing 661 666 1,375 1,349
Software 425 403 865 768
Printing, stationery and office 327 303 680 567
Amortization of intangibles 225 248 457 503
Professional and director fees 2,282 686 4,373 1,605
Correspondent bank and customer related transaction expenses 66 68 131 135
Loan processing costs 124 75 219 193
Advertising, marketing and business development 532 475 972 981
Repossessed real estate and other asset expense   5   62
Security and protection expense 367 311 690 613
Telephone and communications 456 394 834 780
Other expenses 969 936 1,870 1,793
Total noninterest expense 23,403 20,012 45,988 40,296
Net income before income tax expense 17,392 13,680 30,481 24,931
Income tax expense 3,077 2,638 5,676 4,777
Net income $ 14,315 $ 11,042 $ 24,805 $ 20,154
Earnings per common share        
Basic $ 0.57 $ 0.44 $ 1.00 $ 0.81
Diluted $ 0.57 $ 0.44 $ 0.99 $ 0.81