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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest and dividend income:      
Loans, including fees $ 79,338 $ 70,246 $ 59,110
Other investment income 3,294 2,169 1,190
Federal funds sold 581 464 214
Total interest income 83,213 72,879 60,514
Interest expense:      
Deposits 21,951 14,011 7,729
FHLB advances and other borrowings 287 664 890
Total interest expense 22,238 14,675 8,619
Net interest income 60,975 58,204 51,895
Provision for loan losses   1,237 3,058
Net interest income after provision for loan losses 60,975 56,967 48,837
Noninterest income:      
Service charges on deposit accounts 1,107 1,036 1,274
Other service charges, commissions and fees 10,384 10,395 8,237
Gain on sale of residential mortgage loans 9,141 5,679 3,035
Mortgage servicing income, net 9,294 11,994 8,168
Gain on sale of SBA loans 5,444 4,616 6,347
SBA servicing income, net 3,745 3,119 4,527
Other income 778 770 817
Total noninterest income 39,893 37,609 32,405
Noninterest expense:      
Salaries and employee benefits 24,923 23,569 17,956
Occupancy and equipment 4,749 4,086 2,968
Data processing 1,029 842 801
Advertising 649 613 634
Other expenses 8,650 9,465 8,833
Total noninterest expense 40,000 38,575 31,192
Income before provision for income taxes 60,868 56,001 50,050
Provision for income taxes 16,150 14,667 18,153
Net income $ 44,718 $ 41,334 $ 31,897
Earnings per share:      
Basic (in dollars per share) $ 1.82 $ 1.71 $ 1.34
Diluted (in dollars per share) $ 1.81 $ 1.69 $ 1.32