XML 20 R4.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
INTEREST INCOME      
Interest and fees on loans $ 157,564 $ 128,858 $ 86,822
Interest and dividends on securities:      
Taxable interest and dividends 13,961 14,244 9,020
Tax-exempt interest 6,913 3,566 2,939
Interest on federal funds sold 8 7 206
Interest on deposits in banks 902 1,854 991
Total interest income 179,348 148,529 99,978
INTEREST EXPENSE      
Interest on deposits 19,608 19,763 10,785
Interest on borrowed funds 7,056 6,960 4,306
Total interest expense 26,664 26,723 15,091
Net interest income 152,684 121,806 84,887
Provision for loan losses 25,151 3,738 2,120
Net interest income after provision for loan losses 127,533 118,068 82,767
Non-interest income:      
Interchange fees 9,433 8,024 5,247
Secondary market mortgage income 10,446 5,988 4,048
Bank Owned Life Insurance Income 1,514 1,414 937
Gain (loss) on sale of premises 443 13 (137)
Securities gains 281 122 334
Net gains (losses) on OREO (537) (144) 60
Financial assistance and bank enterprise awards 968 947 2,098
Bargain purchase gain 7,835 0 0
Other 2,925 1,698 1,186
Total non-interest income 41,876 26,947 20,561
NON-INTEREST EXPENSES:      
Salaries 50,853 40,152 32,233
Employee benefits 10,377 6,864 4,660
Occupancy 11,282 8,775 6,575
Furniture and equipment 2,551 2,021 1,551
Supplies and printing 925 798 553
Professional and consulting fees 3,897 3,558 1,926
Marketing and public relations 512 859 508
FDIC and OCC assessments 1,351 632 1,382
ATM expense 3,042 2,794 1,811
Bank communications 2,028 1,779 1,664
Data processing 1,137 898 1,051
Acquisition expense 3,315 6,275 13,810
Other 15,071 13,164 8,587
Total non-interest expense 106,341 88,569 76,311
Income before income taxes 63,068 56,446 27,017
Income taxes 10,563 12,701 5,792
Net income available to common stockholders $ 52,505 $ 43,745 $ 21,225
Earnings per share:      
Basic $ 2.53 $ 2.57 $ 1.63
Diluted $ 2.52 $ 2.55 $ 1.62
Service charges on deposit accounts      
Non-interest income:      
Other income $ 7,213 $ 7,838 $ 5,792
Other service charges and fees      
Non-interest income:      
Other income $ 1,355 $ 1,047 $ 996