XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest Income:    
Interest and fees on loans $ 8,642 $ 8,226
Interest on investment securities 477 193
Interest on deposits in FRB 1,298 384
Total interest income 10,417 8,803
Interest Expense:    
Interest on deposits 834 387
Interest on other borrowed funds 123 90
Total interest expense 957 477
Net Interest Income 9,460 8,326
Provision (Recovery of Provision) for Credit Losses 6 (189)
Net Interest Income after Provision (Recovery of Provision) for Credit Losses 9,454 8,515
Noninterest Income:    
Increase in cash surrender value of bank-owned life insurance 145 125
Gain (loss) on fair value of marketable equity securities 57 (60)
Gain on proceeds from bank-owned life insurance 0 171
Gain (loss) on fair value of junior subordinated debentures 414 (470)
Loss on dissolution of real estate investment trust (109) 0
Other 207 205
Total noninterest income 1,523 922
Noninterest Expense:    
Salaries and employee benefits 2,772 2,961
Occupancy expense 813 765
Data processing 107 52
Professional fees 813 588
Regulatory assessments 93 83
Director fees 91 80
Correspondent bank service charges 14 17
Loss on California tax credit partnership 0 5
Net cost on operation and sale of OREO 65 51
Other 579 398
Total noninterest expense 5,347 5,000
Income Before Provision for Taxes 5,630 4,437
Provision for Taxes on Income 1,623 1,280
Net Income $ 4,007 $ 3,157
Net Income per common share    
Basic (in dollars per share) $ 0.24 $ 0.19
Diluted (in dollars per share) $ 0.24 $ 0.19
Shares on which net income per common shares were based    
Basic (in shares) 16,947,040 16,890,243
Diluted (in shares) 16,972,630 16,917,599
Customer service fees    
Noninterest Income:    
Customer service fees $ 809 $ 951