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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest and dividend income        
Loans and leases, including fees $ 6,380 $ 4,225 $ 16,863 $ 11,944
Securities 49 44 139 139
FHLB and FRB stock dividends 50 45 145 108
Federal funds sold and other 142 83 445 247
Total interest and dividend income 6,621 4,397 17,592 12,438
Interest expense        
Deposits 1,707 771 4,037 2,115
FHLB advances and other debt 163 68 420 195
Subordinated debentures 68 54 194 156
Total interest expense 1,938 893 4,651 2,466
Net interest income 4,683 3,504 12,941 9,972
Provision for loan and lease losses
Net interest income after provision for loan losses 4,683 3,504 12,941 9,972
Noninterest income        
Service charges on deposit accounts 128 106 364 290
Net gains on sales of loans 451 23 1,268 70
Earnings on bank owned life insurance 34 33 102 100
Other 30 33 122 78
Total noninterest income 643 195 1,856 538
Noninterest expense        
Salaries and employee benefits 2,116 1,544 6,026 4,450
Occupancy and equipment 224 170 573 503
Data processing 275 197 733 775
Franchise and other taxes 103 88 308 264
Professional fees 358 218 862 694
Director fees 106 76 301 218
Postage, printing and supplies 44 46 145 138
Advertising and marketing 367 48 1,004 97
Telephone 43 29 113 89
Loan expenses 29 45 72 124
Foreclosed assets, net       18
Depreciation 67 49 188 150
FDIC premiums 141 64 328 221
Regulatory assessment 34 31 103 95
Other insurance 22 21 63 70
Other 103 56 297 149
Total noninterest expense 4,032 2,682 11,116 8,055
Income before incomes taxes 1,294 1,017 3,681 2,455
Income tax expense 239 332 704 810
Net income 1,055 685 2,977 1,645
Dividends on Series B preferred stock and accretion of discount (26) (214) (64) (643)
Net income attributable to common stockholders $ 1,029 $ 471 $ 2,913 $ 1,002
Earnings per common share:        
Basic (Restated - See Note 1) $ 0.24 $ 0.16 $ 0.69 $ 0.34
Diluted (Restated - See Note 1) $ 0.24 $ 0.15 $ 0.67 $ 0.31