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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest Income      
Loans, including fees $ 30,817 $ 28,182 $ 26,469
Investment securities – AFS – taxable 901 825 722
Interest on deposits in FRB 1,207 458 213
Interest on deposits in other banks 5 8 6
Total interest income 32,930 29,473 27,410
Interest Expense      
Interest on deposits 1,426 1,167 1,056
Interest on other borrowings 304 242 225
Total interest expense 1,730 1,409 1,281
Net Interest Income Before Recovery of Provision for Credit Losses 31,200 28,064 26,129
Provision (recovery of provision) for Credit Losses 24 (21) (41)
Net Interest Income after Provision for Credit Losses 31,176 28,085 26,170
Noninterest Income      
Customer service fees 3,851 3,792 3,620
Increase in cash surrender value of bank owned life insurance 534 530 519
Loss on fair value of financial liability (882) (518) (73)
Gain on redemption of JR subordinated debentures 0 0 78
Gain on sale of premises and equipment 73 0 10
Gain (loss) on sale of other investment 3 0 (23)
Other 727 710 604
Total noninterest income 4,306 4,514 4,735
Noninterest Expense      
Salaries and employee benefits 10,821 10,628 9,921
Occupancy expense 4,254 4,222 4,042
Data processing 119 148 126
Professional fees 1,433 1,493 1,137
Regulatory assessments 391 767 959
Director fees 289 284 277
Loss on California tax credit partnership 109 158 73
Net (gain) cost on operation and sale of OREO (150) 263 619
Other 2,537 2,382 2,444
Total noninterest expense 19,803 20,345 19,598
Income Before Provision for Taxes 15,679 12,254 11,307
Provision for Taxes on Income 7,039 4,869 4,497
Net Income $ 8,640 $ 7,385 $ 6,810
Net Income per common share      
Basic (dollars per share) $ 0.51 $ 0.44 $ 0.40
Diluted (dollars per share) $ 0.51 $ 0.44 $ 0.40
Shares on which net income per common share were based      
Basic (in shares) 16,885,587 16,881,379 16,880,563
Diluted (in shares) 16,904,915 16,889,027 16,882,797