|
Loans, including fees
|
|
$41.1m
|
$49.1m
|
$65.5m
|
$82.2m
|
$76.1m
|
$95.7m
|
$106.3m
|
$104.1m
|
$114.1m
|
|
Investment securities
|
|
$39.9m
|
$51.9m
|
$67.8m
|
$3.0m
|
$3.9m
|
$6.1m
|
$7.0m
|
$9.0m
|
$9.4m
|
|
Fed funds sold and interest-bearing balances in banks
|
|
$2.7m
|
$7.1m
|
$10.3m
|
$4.2m
|
$4.6m
|
$4.0m
|
$11.6m
|
$17.1m
|
$10.3m
|
|
FHLB dividends
|
|
$356k
|
$446k
|
$495k
|
$340k
|
$494k
|
$684k
|
$862k
|
$1.0m
|
$1.0m
|
|
FRB dividends
|
|
$87k
|
$223k
|
$295k
|
$453k
|
$458k
|
$549k
|
$577k
|
$578k
|
$561k
|
|
Deposits
|
|
$3.9m
|
$4.5m
|
$8.2m
|
$7.0m
|
$4.9m
|
$6.3m
|
$24.0m
|
$36.1m
|
$36.8m
|
|
Subordinated debt
|
|
$1
|
$2
|
$1
|
$1.4m
|
$3.6m
|
$3.6m
|
$3.6m
|
$3.6m
|
$3.4m
|
|
Junior subordinated deferrable interest debentures
|
|
$404k
|
$480k
|
$567k
|
$540k
|
$345k
|
$496k
|
$841k
|
$863k
|
$762k
|
|
Net interest income
|
|
$39.9m
|
$51.9m
|
$67.8m
|
$78.3m
|
$72.8m
|
$96.7m
|
$97.9m
|
$91.1m
|
$94.5m
|
|
Provision for credit losses
|
|
—
|
—
|
—
|
$78.3m
|
$466k
|
$4.4m
|
$2.0m
|
$1.3m
|
$4.1m
|
|
Net interest income after provision for credit losses
|
|
$39.5m
|
$50.1m
|
$65.6m
|
$68.0m
|
$72.3m
|
$92.3m
|
$95.9m
|
$89.9m
|
$90.4m
|
|
Gain on sale of loans
|
|
$2.2m
|
$2.1m
|
$3.0m
|
$1.8m
|
$4.8m
|
$2.7m
|
$508k
|
$287k
|
$268k
|
|
(Loss) gain on equity securities
|
|
—
|
—
|
—
|
$1
|
$0
|
($4.6m)
|
($1.1m)
|
$463k
|
($230k)
|
|
Service charges and other fees
|
|
$1.2m
|
$2.0m
|
$2.7m
|
$2.5m
|
$2.4m
|
$3.1m
|
$3.6m
|
$3.4m
|
$3.5m
|
|
Loan servicing and other loan fees
|
|
$566k
|
$1.2m
|
$1.9m
|
$2.5m
|
$1.8m
|
$2.2m
|
$1.9m
|
$1.6m
|
$1.7m
|
|
(Loss) gain on investment in Small Business Investment Company ("SBIC") fund
|
|
—
|
$452k
|
$669k
|
$875k
|
$1.3m
|
($70k)
|
$1.1m
|
($500k)
|
($278k)
|
|
Other income and fees
|
|
$554k
|
$1.7m
|
$1.6m
|
$1.0m
|
$936k
|
$1.0m
|
$1.1m
|
$1.2m
|
$1.1m
|
|
Salaries and employee benefits
|
|
$17.0m
|
$21.4m
|
$28.8m
|
$33.9m
|
$33.8m
|
$40.5m
|
$41.0m
|
$38.9m
|
$40.2m
|
|
Occupancy and equipment
|
|
$3.2m
|
$4.3m
|
$5.1m
|
$7.1m
|
$7.4m
|
$8.4m
|
$8.2m
|
$8.7m
|
$8.6m
|
|
Data processing
|
|
$4.7m
|
$3.8m
|
$8.4m
|
$8.2m
|
$5.6m
|
$7.0m
|
$6.6m
|
$7.3m
|
$7.9m
|
|
Provision for income taxes
|
|
$8.9m
|
$6.0m
|
$6.4m
|
$4.5m
|
$7.8m
|
$10.0m
|
$10.7m
|
$8.5m
|
$8.7m
|
|
Total interest and dividend income
|
|
$44.3m
|
$56.9m
|
$76.5m
|
$87.2m
|
$81.6m
|
$107.1m
|
$126.3m
|
$131.7m
|
$135.4m
|
|
Total noninterest income
|
|
$4.8m
|
$7.1m
|
$9.6m
|
$8.8m
|
$11.3m
|
$10.7m
|
$7.0m
|
$6.4m
|
$6.1m
|
|
Income before provision for income taxes
|
|
$14.1m
|
$20.5m
|
$23.7m
|
$18.2m
|
$28.5m
|
$37.0m
|
$38.2m
|
$32.1m
|
$32.6m
|
|
Net income
|
|
$5.3m
|
$14.5m
|
$17.3m
|
$13.7m
|
$20.7m
|
$27.0m
|
$27.4m
|
$23.6m
|
$23.9m
|
|
Basic earnings per common share (in dollars per share)
|
|
$0.81
|
$1.50
|
$1.47
|
$1.15
|
$1.90
|
$2.06
|
$2.27
|
$2.10
|
$2.18
|
|
Diluted earnings per common share (in dollars per share)
|
|
$0.81
|
$1.50
|
$1.47
|
$1.15
|
$1.90
|
$2.06
|
$2.27
|
$2.10
|
$2.18
|
|
Weighted average common shares outstanding (in shares)
|
|
6.5m
|
9.7m
|
11.8m
|
12.0m
|
10.9m
|
13.1m
|
12.1m
|
11.3m
|
11.0m
|
|
Other expense
|
|
$5.1m
|
$7.2m
|
$9.1m
|
$9.3m
|
$8.4m
|
$10.1m
|
$8.9m
|
$9.3m
|
$7.2m
|
|
Total interest expense
|
|
$4.3m
|
$4.9m
|
$8.7m
|
$8.9m
|
$8.8m
|
$10.4m
|
$28.5m
|
$40.6m
|
$40.9m
|
|
Total noninterest expense
|
|
$30.1m
|
$36.7m
|
$51.5m
|
$58.5m
|
$55.1m
|
$65.9m
|
$64.7m
|
$64.1m
|
$63.9m
|