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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest Income      
Loans $ 186,428,000 $ 119,457,000 $ 79,922,000
Investment securities:      
Trading 6,690,000 5,012,000 5,187,000
Available for sale - taxable 6,208,000 6,448,000 4,531,000
Available for sale - tax exempt 272,000    
Federal Home Loan Bank stock 932,000 385,000 321,000
Other 11,465,000 9,261,000 4,426,000
Total interest income 211,995,000 140,563,000 94,387,000
Interest Expense      
Deposits 84,661,000 42,216,000 20,003,000
Borrowed funds 5,036,000 8,376,000 7,787,000
Total interest expense 89,697,000 50,592,000 27,790,000
Net interest income 122,298,000 89,971,000 66,597,000
Provision for loan losses 3,940,000 4,629,000 2,472,000
Net Interest Income After Provision for Loan Losses 118,358,000 85,342,000 64,125,000
Noninterest Income      
Gain on sale of loans 35,411,000 39,266,000 37,790,000
Loan servicing fees, net (1,118,000) 5,741,000 6,273,000
Mortgage warehouse fees 7,145,000 2,550,000 2,608,000
Gains/(losses) on sale of investments available for sale (includes $476, $0, and $0, respectively, related to accumulated other comprehensive earnings reclassifications) 476,000 0  
Other income 5,175,000 2,028,000 1,009,000
Total noninterest income 47,089,000 49,585,000 47,680,000
Noninterest Expense      
Salaries and employee benefits 38,093,000 32,240,000 21,472,000
Loan expenses 4,534,000 4,621,000 4,097,000
Occupancy and equipment 4,609,000 2,788,000 1,602,000
Professional fees 2,326,000 2,585,000 1,516,000
Deposit insurance expense 2,747,000 1,024,000 930,000
Technology expense 2,623,000 1,544,000 1,171,000
Other expense 8,381,000 6,098,000 3,856,000
Total noninterest expense 63,313,000 50,900,000 34,644,000
Income Before Income Taxes 102,134,000 84,027,000 77,161,000
Provision for income taxes (includes $(117), $0, and $0, respectively, related to income tax (expense)/benefit for reclassification items) 24,805,000 21,153,000 22,477,000
Net Income 77,329,000 62,874,000 54,684,000
Dividends on preferred stock (9,216,000) (3,330,000) (3,330,000)
Net Income Allocated to Common Shareholders $ 68,113,000 $ 59,544,000 $ 51,354,000
Basic Earnings Per Share (in dollar per share) $ 2.37 $ 2.08 $ 2.28
Diluted Earnings Per Share (in dollar per share) $ 2.37 $ 2.07 $ 2.28
Weighted-Average Shares Outstanding Basic (in Shares) 28,705,125 28,692,955 22,551,452
Weighted-Average Shares Outstanding Diluted (in Shares) 28,745,707 28,724,419 22,568,154