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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
INTEREST INCOME      
Interest and fees on loans $ 62,448 $ 51,829 $ 55,720
Interest on available-for-sale debt securities 1,085 1,177 1,353
Other interest income 625 650 1,706
Total interest income 64,158 53,656 58,779
Interest expense      
Interest on deposits 3,132 8,292 14,507
Total interest expense 3,132 8,292 14,507
Net interest income 61,026 45,364 44,272
Provision for loan losses 522 5,961 1,102
Net interest income after provision for loan losses 60,504 39,403 43,170
NONINTEREST INCOME      
Service charges on deposits 1,562 1,431 2,015
Loan servicing fees, net of amortization 1,953 1,856 1,186
Gain on sale of loans 11,313 6,092 5,905
Other income 1,189 1,392 2,320
Total noninterest income 16,017 10,771 11,426
NONINTEREST EXPENSE      
Salaries and employee benefits 21,253 20,041 20,267
Occupancy and equipment 5,213 4,974 4,648
Data processing and communication 2,000 1,682 1,530
Professional fees 1,192 1,101 980
FDIC insurance and regulatory assessments 583 449 259
Promotion and advertising 684 467 806
Directors’ fees 593 700 908
Foundation donation and other contributions 2,890 1,335 1,586
Other expenses 1,457 1,191 1,536
Total noninterest expense 35,865 31,940 32,520
INCOME BEFORE INCOME TAX EXPENSE 40,656 18,234 22,076
Income tax expense 11,816 5,107 5,319
NET INCOME $ 28,840 $ 13,127 $ 16,757
EARNINGS PER SHARE - BASIC (in dollars per share) $ 1.89 $ 0.85 $ 1.04
EARNINGS PER SHARE - DILUTED (in dollars per share) $ 1.88 $ 0.85 $ 1.03