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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest and dividend income:      
Loans, including fees $ 57,075 $ 42,360 $ 31,110
Securities:      
Taxable 813 886 1,024
Tax-exempt 30 30 31
Money market funds and commercial paper 315 142 110
Other interest and dividends 2,520 737 407
Total interest income 60,753 44,155 32,682
Interest expense:      
Deposits 5,873 4,877 3,805
FHLB Advances 840 673 999
Trust preferred securities payable interest expense 636 539 456
Subordinated debt interest expense 1,322    
Total interest expense 8,671 6,089 5,260
Net interest income 52,082 38,066 27,422
Provision for loan losses 7,059 8,060 2,015
Net interest income after provision for loan losses 45,023 30,006 25,407
Non-interest income:      
Service charges on deposit accounts 3,452 876 754
Other service charges and fees 4,368 1,179 476
Loan prepayment penalties 111 402 700
Debit card income 3,369 2,926 2,568
Net gains on securities transactions   40  
Total non-interest income 11,300 5,423 4,498
Non-interest expense:      
Compensation and benefits 19,166 17,010 13,221
Bank premises and equipment 4,385 3,985 3,620
Directors Fees 894 611 540
Insurance Expense 281 333 363
Professional fees 2,636 1,595 1,360
FDIC assessment 1,067 675 554
Core processing fees 1,495 862 788
Other expenses 2,821 2,300 2,631
Total non-interest expense 32,745 27,371 23,077
Net income before income tax expense 23,578 8,058 6,828
Income tax expense 11,209 3,045 2,559
Net income $ 12,369 $ 5,013 $ 4,269
Earnings per common share      
Earnings per share - basic (in dolllars per share) $ 2.40 $ 0.43 $ 1.54
Earnings per share - diluted (in dollars per share) $ 2.34 $ 0.43 $ 1.54