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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest Income:        
Interest and fees on loans $ 6,433 $ 5,553 $ 12,541 $ 11,009
Interest on investment securities 603 473 1,164 945
Other 83 51 179 123
Total interest income 7,119 6,077 13,884 12,077
Interest Expense:        
Interest on deposits 140 130 280 262
Interest on note payable 4 31 28 76
Interest on junior subordinated deferrable interest debentures 99 85 192 169
Other 1 1 2 2
Total interest expense 244 247 502 509
Net interest income before provision for loan losses 6,875 5,830 13,382 11,568
Provision for Loan Losses 200 200 400 400
Net interest income after provision for loan losses 6,675 5,630 12,982 11,168
Non-Interest Income:        
Service charges 1,118 1,034 2,173 1,965
Gain on sale of loans 786 559 1,314 892
Loss on sale of investments (17) (32)
Other 478 462 960 882
Total non-interest income 2,382 2,055 4,430 3,707
Non-Interest Expenses:        
Salaries and employee benefits 2,864 2,558 5,791 5,166
Occupancy and equipment 654 677 1,423 1,384
Other 1,374 1,445 2,761 2,763
Total non-interest expenses 4,892 4,680 9,975 9,313
Income before provision for income taxes 4,165 3,005 7,437 5,562
Provision for Income Taxes 1,624 1,168 2,832 2,152
Net income $ 2,541 $ 1,837 $ 4,605 $ 3,410
Basic earnings per share (in dollars per share) $ 0.51 $ 0.38 $ 0.93 $ 0.70
Diluted earnings per share (in dollars per share) $ 0.49 $ 0.36 $ 0.89 $ 0.67