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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest and dividend income:    
Loans, including fees $ 25,050 $ 17,212
Securities:    
Taxable 243 186
Tax-exempt 7 7
Money market funds 54 119
Overnight deposits 1,389 1,043
Other interest and dividends 247 126
Total interest income 26,990 18,693
Interest expense:    
Deposits 4,331 1,439
Borrowed funds 1,104 150
Trust preferred securities interest expense 257 184
Subordinated debt interest expense 405 404
Total interest expense 6,097 2,177
Net interest income 20,893 16,516
Provision for loan losses (2,031) 1,477
Net interest income after provision for loan losses 22,924 15,039
Non-interest income:    
Service charges on deposit accounts 819 1,910
Prepaid third-party debit card income 1,257 908
Other service charges and fees 278 2,494
Gains on securities, net 39  
Total non-interest income 2,393 5,312
Non-interest expense:    
Compensation and benefits 7,490 6,317
Bank premises and equipment 1,335 1,180
Professional fees 794 753
Technology costs 1,700 1,506
Other expenses 1,690 1,482
Total non-interest expense 13,009 11,238
Net income before income tax expense 12,308 9,113
Income tax expense 3,777 2,822
Net income $ 8,531 $ 6,291
Earnings per common share:    
Basic earnings per common share (in dollars per share) $ 1.03 $ 0.77
Diluted earnings per common share (in dollars per share) $ 1.01 $ 0.75