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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
INTEREST INCOME:        
Loans receivable $ 20,184 $ 17,808 $ 59,055 $ 53,012
Investment securities:        
Taxable 726 467 2,015 1,477
Nontaxable 950 508 2,773 1,456
Other 234 66 452 230
Total interest income 22,094 18,849 64,295 56,175
INTEREST EXPENSE:        
Deposits 1,855 1,662 5,272 4,785
Other borrowings 1,103 352 2,396 1,027
Total interest expense 2,958 2,014 7,668 5,812
NET INTEREST INCOME 19,136 16,835 56,627 50,363
PROVISION FOR LOAN LOSSES 1,863 643 4,034 1,665
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 17,273 16,192 52,593 48,698
NONINTEREST INCOME:        
Net gain on sales of investment securities 21 48 19
Deposit fee income 2,519 2,253 7,509 6,639
Earnings on life insurance policies 406 414 1,625 1,247
Gain on sales of loans 1,003 1,368 3,071 3,454
Other 263 277 808 960
Total noninterest income 4,191 4,333 13,061 12,319
NONINTEREST EXPENSES:        
Salaries and employee benefits 6,913 7,618 21,767 23,725
Net occupancy expense 1,681 1,826 5,255 5,652
Real estate owned, net (38) (381) (31) (379)
FDIC insurance 248 224 774 870
Amortization of intangible assets 255 255 766 766
Data processing 1,415 1,341 4,307 4,180
Professional fees 408 545 1,431 1,700
Advertising and public relations 342 419 893 1,284
Postage and supplies 207 273 631 889
Other 2,829 1,280 5,705 5,036
Total noninterest expenses 14,260 13,400 41,498 43,723
INCOME BEFORE INCOME TAXES 7,204 7,125 24,156 17,294
INCOME TAX PROVISION 2,072 2,384 7,450 4,668
NET INCOME $ 5,132 $ 4,741 $ 16,706 $ 12,626
Basic earnings per common share (in dollars per share) $ 0.14 $ 0.13 $ 0.44 $ 0.34
Diluted earnings per common share (in dollars per share) $ 0.14 $ 0.13 $ 0.44 $ 0.33