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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest Income:    
Interest and fees on loans $ 8,510 $ 6,777
Interest on investment securities 1,137 856
Other 179 185
Total interest income 9,826 7,818
Interest Expense:    
Interest on deposits 297 151
Interest on junior subordinated deferrable interest debentures 140 112
Other 3 2
Total interest expense 440 265
Net interest income before provision for loan losses 9,386 7,553
Provision for Loan Losses 400 200
Net interest income after provision for loan losses 8,986 7,353
Non-Interest Income:    
Service charges 650 640
Interchange revenue 513 491
Gain on sale of loans 244 666
Gain on equity securities with no readily determinable fair value 209
Loss on sale of investments (8)
Other 558 533
Total non-interest income 1,965 2,531
Non-Interest Expenses:    
Salaries and employee benefits 3,200 3,113
Occupancy and equipment 858 702
Other 1,626 1,634
Total non-interest expenses 5,684 5,449
Income before provision for income taxes 5,267 4,435
Provision for Income Taxes 1,449 1,155
Net income $ 3,818 $ 3,280
Basic earnings per common share (in dollars per share) $ 0.74 $ 0.65
Diluted earnings per common share (in dollars per share) $ 0.73 $ 0.63