XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income        
Loans $ 19,159 $ 15,282 $ 53,314 $ 43,089
Investment securities 487 443 1,284 1,208
Federal funds sold 219 230 980 548
Total interest income 19,865 15,955 55,578 44,845
Interest expense        
Deposits 3,928 2,084 10,191 5,073
Borrowings 436 562 1,232 2,504
Total interest expense 4,364 2,646 11,423 7,577
Net interest income 15,501 13,309 44,155 37,268
Provision for loan losses 400 500 1,300 1,500
Net interest income after provision for loan losses 15,101 12,809 42,855 35,768
Noninterest income        
Mortgage banking income 1,354 1,403 4,311 4,063
Service fees on deposit accounts 257 324 769 886
ATM and debit card income 381 284 1,085 818
Income from bank owned life insurance 221 224 662 590
Other income 320 307 898 799
Total noninterest income 2,533 2,542 7,725 7,156
Noninterest expenses        
Compensation and benefits 6,599 5,698 18,808 16,496
Occupancy 1,350 1,043 3,763 3,042
Outside service and data processing costs 841 794 2,400 2,362
Insurance 376 258 987 845
Professional fees 275 334 1,208 1,029
Marketing 215 199 652 605
Other 532 480 1,554 1,550
Total noninterest expenses 10,188 8,806 29,372 25,929
Income before income tax expense 7,446 6,545 21,208 16,995
Income tax expense 1,664 2,295 4,702 6,030
Net income available to common shareholders $ 5,782 $ 4,250 $ 16,506 $ 10,965
Earnings per common share        
Basic $ 0.78 $ 0.58 $ 2.24 $ 1.59
Diluted $ 0.75 $ 0.55 $ 2.13 $ 1.50
Weighted average common shares outstanding        
Basic 7,400,174 7,281,594 7,369,473 6,905,017
Diluted 7,746,205 7,668,476 7,741,483 7,291,164