XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest and dividend income    
Loans, including fees $ 20,963 $ 13,639
Taxable securities 1,748 986
Tax-exempt securities 1,351 878
Federal funds sold and other 522 421
Total interest and dividend income 24,584 15,924
Interest expense    
Deposits 1,891 707
Federal Home Loan Bank advances 597 152
Subordinated debentures 372 288
Securities sold under agreements to repurchase and other 5 5
Total interest expense 2,865 1,152
Net interest income 21,719 14,772
Net interest income after provision for loan losses 21,719 14,772
Noninterest income    
Service charges 1,456 1,134
Net gain on sale of securities 4  
Net gain on equity securities 2 40
Net gain on sale of loans 331 333
ATM/Interchange fees 906 554
Wealth management fees 847 852
Bank owned life insurance 247 142
Tax refund processing fees 2,200 2,200
Other 291 361
Total noninterest income 6,284 5,616
Noninterest expense    
Compensation expense 9,805 7,374
Net occupancy expense 1,040 761
Equipment expense 463 374
Contracted data processing 419 348
FDIC assessment 192 151
State franchise tax 401 318
Professional services 694 552
Amortization of intangible assets 240 33
ATM expense 378 218
Marketing 340 318
Other operating expenses 2,477 1,758
Total noninterest expense 16,449 12,205
Income before taxes 11,554 8,183
Income tax expense 1,885 1,194
Net Income 9,669 6,989
Preferred stock dividends 164 303
Net income available to common shareholders $ 9,505 $ 6,686
Earnings per common share, basic $ 0.61 $ 0.65
Earnings per common share, diluted $ 0.57 $ 0.55