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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest and dividend income        
Loans, including fees $ 14,144 $ 12,412 $ 27,783 $ 24,189
Taxable securities 1,040 940 2,026 1,787
Tax-exempt securities 886 784 1,764 1,496
Federal funds sold and other 90 92 511 448
Total interest and dividend income 16,160 14,228 32,084 27,920
Interest expense        
Deposits 570 428 1,277 892
Federal Home Loan Bank advances 482 170 634 258
Subordinated debentures 338 258 626 499
Securities sold under agreements to repurchase and other 4 5 9 10
Total interest expense 1,394 861 2,546 1,659
Net interest income 14,766 13,367 29,538 26,261
Net interest income after provision for loan losses 14,766 13,367 29,538 26,261
Noninterest income        
Net gain on sale of securities 6   6  
Net gain on equity securities 35   75  
Net gain on sale of loans 474 478 807 735
Bank owned life insurance 144 143 286 287
Total noninterest income 4,390 4,101 10,006 9,237
Noninterest expense        
Compensation expense 7,385 6,943 14,759 13,925
Net occupancy expense 862 655 1,623 1,312
Equipment expense 324 418 698 747
Contracted data processing 2,739 429 3,087 818
FDIC assessment 116 133 267 298
State franchise tax 363 255 681 512
Professional services 1,483 733 2,035 1,184
Amortization of intangible assets 26 158 59 325
ATM expense 208 214 426 468
Marketing 320 276 638 528
Other operating expenses 2,102 2,335 3,860 3,934
Total noninterest expense 15,928 12,549 28,133 24,051
Income before taxes 3,228 4,919 11,411 11,447
Income tax expense 214 1,323 1,408 3,216
Net Income 3,014 3,596 10,003 8,231
Preferred stock dividends 299 308 602 627
Net income available to common shareholders $ 2,715 $ 3,288 $ 9,401 $ 7,604
Earnings per common share, basic $ 0.26 $ 0.32 $ 0.91 $ 0.79
Earnings per common share, diluted $ 0.24 $ 0.29 $ 0.79 $ 0.68
Service Charges [Member]        
Noninterest income        
Noninterest income $ 1,359 $ 1,387 $ 2,493 $ 2,432
ATM/Interchange Fees [Member]        
Noninterest income        
Noninterest income 588 567 1,142 1,076
Wealth Management Fees [Member]        
Noninterest income        
Noninterest income 836 738 1,688 1,445
Tax Refund Processing Fees [Member]        
Noninterest income        
Noninterest income 550 550 2,750 2,750
Other [Member]        
Noninterest income        
Noninterest income $ 398 $ 238 $ 759 $ 512