XML 21 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest and fees on loans      
Taxable $ 84,716 $ 74,365 $ 56,439
Tax-exempt 567 543 541
Interest and dividends on securities      
Interest Income, Securities, Operating, Taxable 5,341 5,071 4,395
Interest Income, Securities, Operating, Tax Exempt 4,246 3,939 2,543
Interest on interest bearing deposits with other banks 539 609 173
Total interest income 95,409 84,527 64,091
Interest expense      
Interest on deposits 17,675 11,210 8,964
Interest on short-term borrowings 5,993 4,473 2,288
Interest on long-term borrowings and subordinated debentures 1,944 2,697 3,832
Total interest expense 25,612 18,380 15,084
Net interest income 69,797 66,147 49,007
Provision for loan losses 2,250 1,250 500
Net interest income after provision for loan losses 67,547 64,897 48,507
Other income      
Insurance commissions 4,320 4,005 4,022
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments 622 (14) 1,127
Bank owned life insurance income 1,022 1,017 1,054
Other 1,022 750 423
Total other income 17,422 14,427 11,600
Other expense      
Salaries, commissions, and employee benefits 27,478 25,075 19,573
Net occupancy expense 3,364 3,011 2,098
Equipment expense 4,411 3,954 2,759
Professional fees 1,607 1,367 1,515
Marketing and Advertising Expense 654 578 445
Amortization of intangibles 1,671 1,410 247
FDIC premiums 830 1,065 875
Bank card expense 1,475 1,432 1,242
Foreclosed properties expense, net of losses 1,350 1,339 166
Business Combination, Acquisition Related Costs 144 1,589 933
Write-down of foreclosed properties 776 885 668
Litigation Settlement 0 9,900 0
Other 6,889 7,025 4,949
Total other expense 49,873 57,745 34,802
Income before income taxes 35,096 21,579 25,305
Income tax expense 7,024 9,664 8,008
Net Income 28,072 11,915 17,297
Net income (loss) applicable to common shares $ 28,072 $ 11,915 $ 17,297
Basic earnings per share $ 2.27 $ 1.00 $ 1.62
Diluted earnings per share $ 2.26 $ 1.00 $ 1.61
Fiduciary and Trust [Member]      
Other income      
Revenue from Contract with Customer, Including Assessed Tax $ 2,653 $ 1,863 $ 449
Deposit Account [Member]      
Other income      
Revenue from Contract with Customer, Including Assessed Tax 4,631 4,109 2,656
Credit and Debit Card [Member]      
Other income      
Revenue from Contract with Customer, Including Assessed Tax $ 3,152 $ 2,697 $ 1,869