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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:      
Interest and fees on loans $ 128,858 $ 86,822 $ 56,826
Interest and dividends on securities:      
Taxable interest and dividends 14,244 9,020 6,341
Tax exempt interest 3,566 2,939 2,350
Interest on federal funds sold 7 206 390
Interest on deposits in banks 1,854 991 162
Total interest income 148,529 99,978 66,069
INTEREST EXPENSE:      
Interest on deposits 19,763 10,785 5,261
Interest on borrowed funds 6,960 4,306 1,648
Total interest expense 26,723 15,091 6,909
Net interest income 121,806 84,887 59,160
Provision for loan losses 3,738 2,120 506
Net interest income after provision for loan losses 118,068 82,767 58,654
NON-INTEREST INCOME:      
Interchange fees 8,024 5,247 3,758
Secondary market mortgage income 5,988 4,048 4,502
Bank owned life insurance income 1,414 937 739
Gain (loss) on sale of premises 13 (137) (22)
Securities gains (losses) 122 334 (16)
Gain (loss) on sale of other real estate (144) 60 (199)
Financial assistance and bank enterprise awards 947 2,098 0
Other 1,698 1,186 1,376
Total non-interest income 26,947 20,561 14,363
NON-INTEREST EXPENSE      
Salaries 41,065 33,640 25,828
Employee benefits 6,610 4,662 4,720
Occupancy 8,775 6,818 4,828
Furniture and equipment 1,838 1,575 1,225
Supplies and printing 890 846 640
Professional and consulting fees 6,449 5,381 6,757
Marketing and public relations 859 508 406
FDIC and OCC assessments 632 1,382 1,252
ATM expense 2,821 3,241 1,188
Bank communications 1,367 2,014 1,296
Data processing 1,285 6,931 1,039
Other 15,978 9,313 6,267
Total non-interest expense 88,569 76,311 55,446
Income before income taxes 56,446 27,017 17,571
Income taxes 12,701 5,792 6,955
Net income available to common stockholders $ 43,745 $ 21,225 $ 10,616
Earnings per share:      
Basic $ 2.57 $ 1.63 $ 1.12
Diluted $ 2.55 $ 1.62 $ 1.11
Service charges on deposit accounts      
NON-INTEREST INCOME:      
Other income $ 7,838 $ 5,792 $ 3,601
Other service charges and fees      
NON-INTEREST INCOME:      
Other income $ 1,047 $ 996 $ 624