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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest and dividend income      
Loans, including fees $ 84,972 $ 64,196 $ 51,198
Taxable securities 6,584 4,770 3,745
Tax-exempt securities 5,647 3,976 3,153
Federal funds sold and other 851 735 498
Total interest and dividend income 98,054 73,677 58,594
Interest expense      
Deposits 8,057 3,758 2,342
Federal Home Loan Bank advances 3,452 2,471 695
Subordinated debentures 1,423 1,320 1,035
Securities sold under agreements to repurchase 22 21 20
Total interest expense 12,954 7,570 4,092
Net interest income 85,100 66,107 54,502
Provision for loan losses 1,035 780  
Net interest income after provision for loan losses 84,065 65,327 54,502
Noninterest income      
Service charges 6,395 5,208 4,777
Net gain (loss) on sale of securities 32 (413) 12
Net gain on equity securities 121 26  
Net gain on sale of loans 2,707 1,621 1,745
ATM/Interchange fees 4,056 2,794 2,304
Wealth management fees 3,670 3,669 3,068
Bank owned life insurance 1,007 718 573
Tax refund processing fees 2,750 2,750 2,750
Computer center item processing fees 273 260 246
Net gain (loss) on sale of other real estate owned   18 (28)
Other 1,432 1,480 887
Total noninterest income 22,443 18,131 16,334
Noninterest expense      
Compensation expense 39,156 37,299 29,253
Net occupancy expense 3,835 3,363 2,689
Equipment expense 2,246 1,654 1,564
Contracted data processing 1,831 7,140 1,838
FDIC Assessment 138 536 502
State franchise tax 1,843 1,370 1,024
Professional services 2,844 4,229 2,300
Amortization of intangible assets 945 366 586
ATM expense 1,887 1,069 847
Marketing expense 1,411 1,182 817
Software maintenance expenses 1,523 1,136 774
Other operating expenses 9,288 7,335 6,410
Total noninterest expense 66,947 66,679 48,604
Income before income taxes 39,561 16,779 22,232
Income taxes 5,683 2,640 6,360
Net income 33,878 14,139 15,872
Preferred stock dividends 647 959 1,244
Net income available to common shareholders $ 33,231 $ 13,180 $ 14,628
Earnings per common share, basic $ 2.12 $ 1.10 $ 1.48
Earnings per common share, diluted $ 2.01 $ 1.02 $ 1.28