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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
INTEREST INCOME        
Loans, including fees $ 10,124 $ 8,874 $ 29,853 $ 21,588
Securities:        
Taxable 498 329 1,392 946
Tax-exempt 119 116 356 344
Federal funds sold 45 43 171 77
Interest-bearing deposit accounts 64 116 242 176
Certificates of deposit 18 18 54 55
Total interest income 10,868 9,496 32,068 23,186
INTEREST EXPENSE        
Deposits 2,027 1,292 5,427 2,999
Federal funds purchased       10
Securities sold under repurchase agreements 3 5 10 12
Subordinated notes 128 118 384 354
Federal Home Loan Bank advances 441 279 1,140 681
Total interest expense 2,599 1,694 6,961 4,056
Net interest income 8,269 7,802 25,107 19,130
Provision for loan losses 509 1,075 481 1,833
Net interest income after provision for loan losses 7,760 6,727 24,626 17,297
NON-INTEREST INCOME        
Non-deposit product income 144 105 558 300
Secondary market lending income 152 157 528 358
Increase in cash surrender value of bank owned life insurance 123 133 374 341
Net gains on sale of available-for-sale securities       2
Net gains (losses) on disposition of other assets 51   (18)  
Gain on curtailment of post-retirement benefit plan     352  
Other (11) 17 90 169
Total non-interest income 996 1,008 3,330 2,946
NON-INTEREST EXPENSE        
Salaries and employee benefits 4,022 3,687 12,407 9,832
Occupancy 962 811 2,639 1,943
Data processing 556 299 1,941 897
Bank franchise tax 178 141 531 359
Telecommunications 132 111 369 215
FDIC assessments 151 119 521 315
Foreclosed property 45 45 110 114
Consulting 228 58 957 209
Advertising and marketing 126 100 347 227
Directors’ fees 146 135 382 466
Audit and accounting 236 121 839 366
Legal 123 9 380 95
Merger related   141 363 1,126
Core deposit intangible amortization 196 227 610 461
Net other real estate owned (gains) losses (112) 9 (169) 102
Other 543 707 1,988 1,988
Total non-interest expense 7,532 6,720 24,215 18,715
Income before income taxes 1,224 1,015 3,741 1,528
Income tax expense 198 273 645 406
Net income $ 1,026 $ 742 $ 3,096 $ 1,122
Basic and diluted earnings per share $ 0.08 $ 0.07 $ 0.24 $ 0.14
Income from Fiduciary Activities        
NON-INTEREST INCOME        
Non-Interest Income $ 151 $ 217 $ 596 $ 691
Service Charges and Fees on Deposit Accounts        
NON-INTEREST INCOME        
Non-Interest Income 251 238 538 696
Interchange Fees        
NON-INTEREST INCOME        
Non-Interest Income 105 101 221 314
Other Service Charges and Fees        
NON-INTEREST INCOME        
Non-Interest Income $ 30 $ 40 $ 91 $ 75