Annual report pursuant to Section 13 and 15(d)

Parent Company Financial Statement - Condensed Statement of Income (Details)

v3.20.4
Parent Company Financial Statement - Condensed Statement of Income (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Jun. 30, 2019
Mar. 31, 2019
Sep. 30, 2018
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income:                      
Interest income $ 33,697 $ 30,481 $ 30,554 $ 28,813 $ 27,075 $ 24,300 $ 18,884 $ 25,001 $ 123,545 $ 95,260 $ 57,339
Other noninterest income                 467 619 134
Expense:                      
Interest on borrowings                 3,040 1,830 1,842
Salaries and benefits                 41,756 36,175 27,512
Professional services                 2,687 4,054 3,055
Other noninterest expense                 6,002 4,697 2,832
Income before income tax expense 15,808 8,909 9,674 4,379 7,845 7,369 4,639 6,704 38,770 26,557 11,980
Income tax expense (benefit) 3,353 1,821 1,980 305 1,676 1,542 829 1,374 7,459 5,421 2,002
Net income $ 12,455 $ 7,088 $ 7,694 $ 4,074 $ 6,169 $ 5,827 $ 3,810 $ 5,330 31,311 21,136 9,978
Comprehensive income                 31,649 19,949 12,333
Parent Company                      
Income:                      
Interest income                   4 1
Other noninterest income                   74 25
Total income                   78 26
Expense:                      
Interest on borrowings                 1,250 406 170
Salaries and benefits                   2 24
Stock-based compensation expense                 979 665 672
Professional services                 1,501 2,914 2,107
Directors fees                 299 218 209
Other noninterest expense                 42 61 178
Total expense                 4,071 4,266 3,360
Income before income tax expense                 (4,071) (4,188) (3,334)
Income tax expense (benefit)                 (649) (638) (795)
Income (loss) before equity in undistributed income of subsidiaries                 (3,422) (3,550) (2,539)
Equity in income of subsidiary                 34,733 24,686 12,517
Net income                 31,311 21,136 9,978
Comprehensive income                 $ 31,649 $ 19,949 $ 12,333