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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest and dividend income    
Loans, including fees $ 13,639 $ 11,777
Taxable securities 986 847
Tax-exempt securities 878 712
Federal funds sold and other 421 356
Total interest and dividend income 15,924 13,692
Interest expense    
Deposits 707 465
Federal Home Loan Bank advances 152 88
Subordinated debentures 288 241
Securities sold under agreements to repurchase and other 5 6
Total interest expense 1,152 800
Net interest income 14,772 12,892
Net interest income after provision for loan losses 14,772 12,892
Noninterest income    
Service charges 1,134 1,045
Net gain on equity securities 40  
Net gain on sale of loans 333 257
ATM/Interchange fees 554 510
Wealth management fees 852 707
Bank owned life insurance 142 144
Tax refund processing fees 2,200 2,200
Other 361 275
Total noninterest income 5,616 5,138
Noninterest expense    
Compensation expense 7,374 6,982
Net occupancy expense 761 658
Equipment expense 374 329
Contracted data processing 348 388
FDIC assessment 151 165
State franchise tax 318 257
Professional services 552 451
Amortization of intangible assets 33 167
ATM expense 218 254
Marketing 318 252
Other operating expenses 1,758 1,599
Total noninterest expense 12,205 11,502
Income before taxes 8,183 6,528
Income tax expense 1,194 1,893
Net Income 6,989 4,635
Preferred stock dividends 303 319
Net income available to common shareholders $ 6,686 $ 4,316
Earnings per common share, basic $ 0.65 $ 0.47
Earnings per common share, diluted $ 0.55 $ 0.40