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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 $ 122,228 $ 99,082 $ 70,465
Securities – taxable 13,807 10,630 10,036
Securities – non-taxable 2,595 2,810 2,786
Other earning assets 8,784 2,945 1,410
Total interest income 147,414 115,467 84,697
Interest expense      
Deposits 69,313 42,484 23,975
Other borrowed funds 15,134 10,716 6,740
Total interest expense 84,447 53,200 30,715
Net interest income 62,967 62,267 53,982
Provision for loan losses 5,966 3,892 4,872
Net interest income after provision for loan losses 57,001 58,375 49,110
Noninterest income      
Noninterest income 11,541 5,718 7,836
Gain on sale of loans 2,074 503 395
Loss on sale of securities (458) 0 (8)
Other 2,581 1,605 1,430
Total noninterest income 16,789 8,760 10,541
Noninterest expense      
Salaries and employee benefits 27,014 23,174 21,164
Marketing, advertising and promotion 1,800 2,468 2,393
Consulting and professional fees 3,669 3,055 3,091
Data processing 1,338 1,233 971
Loan expenses 1,142 942 1,027
Premises and equipment 6,059 4,996 4,183
Deposit insurance premium 1,903 1,956 1,410
Write-down of other real estate owned 0 2,423 0
Other 3,709 2,936 2,484
Total noninterest expense 46,634 43,183 36,723
Income before income taxes 27,156 23,952 22,928
Income tax provision 1,917 2,052 7,702
Net income $ 25,239 $ 21,900 $ 15,226
Income Per Share of Common Stock (in dollars per share)      
Basic (in dollars per share) $ 2.51 $ 2.31 $ 2.14
Diluted (in dollars per share) $ 2.51 $ 2.30 $ 2.13
Weighted-average number of common shares outstanding      
Basic (shares) 10,041,581 9,490,506 7,118,628
Diluted (shares) 10,044,483 9,508,653 7,149,302
Dividends Declared Per Share (in dollars per share) $ 0.24 $ 0.24 $ 0.24
Service charges and fees      
Noninterest income      
Noninterest income $ 885 $ 934 $ 888
Loan servicing revenue      
Noninterest income      
Noninterest income 166 0 0
Mortgage banking activities      
Noninterest income      
Noninterest income $ 11,541 $ 5,718 $ 7,836