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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest and dividend income:      
Interest and fees on loans $ 135,159,000 $ 97,480,000 $ 70,289,000
Interest on interest-earning deposits 1,785,000 1,002,000 940,000
Interest on investment securities 2,652,000 2,351,000 1,406,000
Dividend income on FHLB stock 1,079,000 650,000 472,000
Interest on federal funds sold and other 1,050,000 632,000 997,000
Total interest income 141,725,000 102,115,000 74,104,000
Interest expense:      
Interest on savings deposits, now and money market accounts 4,886,000 4,408,000 2,382,000
Interest on time deposits 29,347,000 12,548,000 7,891,000
Interest on subordinated debentures and long-term debt 7,698,000 4,083,000 3,629,000
Interest on other borrowed funds 2,930,000 2,606,000 36,000
Total interest expense 44,861,000 23,645,000 13,938,000
Net interest income 96,864,000 78,470,000 60,166,000
Provision (recapture) for credit losses 2,390,000 4,469,000 (1,053,000)
Net interest income after provision (recapture) for credit losses 94,474,000 74,001,000 61,219,000
Noninterest income:      
Service charges, fees and other 4,072,000 2,679,000 2,111,000
Gain on sale of loans 9,893,000 7,126,000 9,318,000
Loan servicing fees, net of amortization 3,383,000 850,000 722,000
Recoveries on loans acquired in business combinations 143,000 1,385,000 84,000
Unrealized gain on equity investments 147,000    
Increase in cash surrender value of life insurance 775,000 797,000 824,000
Gain on sale of securities 7,000 5,000  
(Loss) gain on sale of OREO (106,000)   142,000
Gain on sale of fixed assets 6,000    
Total noninterest income 18,320,000 12,842,000 13,201,000
Noninterest expense:      
Salaries and employee benefits 32,909,000 23,254,000 16,821,000
Occupancy and equipment expenses 9,750,000 4,554,000 2,940,000
Data processing 3,699,000 2,323,000 1,622,000
Legal and professional 1,832,000 1,714,000 331,000
Office expenses 1,257,000 890,000 679,000
Marketing and business promotion 1,308,000 1,143,000 837,000
Insurance and regulatory assessments 900,000 951,000 799,000
Core deposit premium 1,501,000 575,000 355,000
OREO expenses 337,000 24,000 28,000
Merger expenses 471,000 1,658,000 37,000
Other expenses 3,509,000 3,551,000 3,174,000
Total noninterest expense 57,473,000 40,637,000 27,623,000
Income before income taxes 55,321,000 46,206,000 46,797,000
Income tax expense 16,112,000 10,101,000 21,269,000
Net income $ 39,209,000 $ 36,105,000 $ 25,528,000
Net income per share      
Basic $ 1.96 $ 2.11 $ 1.81
Diluted 1.92 2.01 1.68
Cash dividends declared per common share $ 0.40 $ 0.35 $ 0.38
Weighted-average common shares outstanding      
Basic 20,017,306 17,151,222 14,078,281
Diluted 20,393,424 17,967,653 15,238,365