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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income    
Interest and fees on loans $ 13,354 $ 10,848
Interest on investment securities 360 188
Other interest income 372 144
Total interest income 14,086 11,180
Interest expense    
Interest on deposits 3,288 1,534
Interest on borrowed funds   87
Total interest expense 3,288 1,621
Net interest income 10,798 9,559
Provision for loan losses   575
Net interest income after provision for loan losses 10,798 8,984
Noninterest income    
Service charges on deposits 448 537
Loan servicing fees, net of amortization 383 324
Gain on sale of loans 1,077 989
Other income 1,675 362
Total noninterest income 3,583 2,212
Noninterest expense    
Salaries and employee benefits 5,168 4,211
Occupancy and equipment 1,077 1,026
Data processing and communication 312 331
Professional fees 203 152
FDIC insurance and regulatory assessments 104 96
Promotion and advertising 178 145
Directors’ fees 229 209
Foundation donation and other contributions 388 329
Other expenses 464 312
Total noninterest expense 8,123 6,811
Income before income taxes 6,258 4,385
Income tax expense 1,518 1,169
Net income $ 4,740 $ 3,216
Earnings per share - Basic $ 0.29 $ 0.23
Earnings per share - Diluted $ 0.29 $ 0.22
Other comprehensive income (loss):    
Change in unrealized income (loss) on securities available for sale $ 503 $ (508)
Tax effect (149) 75
Total other comprehensive income (loss) 354 (433)
Comprehensive income $ 5,094 $ 2,783