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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest and dividend income        
Loans, including fees $ 15,833 $ 13,022 $ 43,615 $ 37,211
Taxable securities 1,042 977 3,069 2,764
Tax-exempt securities 908 812 2,672 2,307
Federal funds sold and other 103 25 614 473
Total interest and dividend income 17,886 14,836 49,970 42,755
Interest expense        
Deposits 783 607 2,060 1,500
Federal Home Loan Bank advances 925 276 1,560 534
Subordinated debentures 349 268 975 766
Securities sold under agreements to repurchase and other 5 5 13 16
Total interest expense 2,062 1,156 4,608 2,816
Net interest income 15,824 13,680 45,362 39,939
Provision for loan losses 390   390  
Net interest income after provision for loan losses 15,434 13,680 44,972 39,939
Noninterest income        
Net loss on sale of securities (392) (9) (386) (9)
Net gain on equity securities 27   102  
Net gain on sale of loans 428 472 1,235 1,207
Noninterest income 2,917 2,723 11,437 10,795
ATM/Interchange fees 622 567 1,764 1,643
Wealth management fees 873 787 2,561 2,233
Bank owned life insurance 147 142 432 429
Tax refund processing fees     2,750 2,750
Other 364 329 1,123 842
Total noninterest income 3,288 3,465 13,293 12,704
Noninterest expense        
Compensation expense 12,054 7,389 26,812 21,313
Net occupancy expense 751 690 2,375 2,002
Equipment expense 371 350 1,069 1,097
Contracted data processing 3,150 357 6,237 1,174
FDIC assessment 121 115 388 414
State franchise tax 351 255 1,031 767
Professional services 2,198 534 4,233 1,718
Amortization of intangible assets 26 158 85 483
ATM expense 286 233 712 700
Marketing 350 240 988 768
Other operating expenses 2,498 1,846 6,358 5,781
Total noninterest expense 22,156 12,167 50,288 36,217
Income (loss) before taxes (3,434) 4,978 7,977 16,426
Income tax expense (benefit) (1) 1,318 1,407 4,534
Net Income (loss) (3,433) 3,660 6,570 11,892
Preferred stock dividends 192 308 794 935
Net income (loss) available to common shareholders $ (3,625) $ 3,352 $ 5,776 $ 10,957
Earnings (loss) per common share, basic $ (0.31) $ 0.33 $ 0.54 $ 1.12
Earnings (loss) per common share, diluted $ (0.31) $ 0.29 $ 0.51 $ 0.97
Service Charges [Member]        
Noninterest income        
Noninterest income $ 1,219 $ 1,177 $ 3,712 $ 3,609