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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest and dividend income        
Loans and leases, including fees $ 8,588 $ 6,380 $ 24,190 $ 16,863
Securities 45 49 130 139
FHLB and FRB stock dividends 51 50 158 145
Federal funds sold and other 161 142 813 445
Total interest and dividend income 8,845 6,621 25,291 17,592
Interest expense        
Deposits 3,055 1,707 8,364 4,037
FHLB advances and other debt 206 163 501 420
Subordinated debentures 253 68 766 194
Total interest expense 3,514 1,938 9,631 4,651
Net interest income 5,331 4,683 15,660 12,941
Provision for loan and lease losses
Net interest income after provision for loan and lease losses 5,331 4,683 15,660 12,941
Noninterest income        
Service charges on deposit accounts 146 128 408 364
Net gains on sales of loans 3,070 451 6,935 1,268
Earnings on bank owned life insurance 37 34 106 102
Other 34 30 97 122
Total noninterest income 3,287 643 7,546 1,856
Noninterest expense        
Salaries and employee benefits 2,865 2,116 8,009 6,026
Occupancy and equipment 278 224 724 573
Data processing 335 275 944 733
Franchise and other taxes 106 103 318 308
Professional fees 448 358 1,092 862
Director fees 137 106 401 301
Postage, printing and supplies 51 44 177 145
Advertising and marketing 647 367 1,889 1,004
Telephone 54 43 144 113
Loan expenses 80 29 171 72
Foreclosed assets, net     (9)  
Depreciation 82 67 231 188
FDIC premiums 47 141 351 328
Regulatory assessment 42 34 124 103
Other insurance 25 22 72 63
Other 131 103 315 297
Total noninterest expense 5,328 4,032 14,953 11,116
Income before incomes taxes 3,290 1,294 8,253 3,681
Income tax expense 673 239 1,675 704
Net income 2,617 1,055 6,578 2,977
Accretion of discount and value of warrants exercised related to Series B preferred stock 36 (26) 219 (64)
Net income attributable to common stockholders $ 2,653 $ 1,029 $ 6,797 $ 2,913
Earnings per common share:        
Basic $ 0.59 $ 0.24 $ 1.54 $ 0.69
Diluted $ 0.59 $ 0.24 $ 1.52 $ 0.67