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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Interest income:    
Interest and fees on loans $ 40,740 $ 38,035
Interest and dividends on investments 1,245 1,296
Interest on federal funds sold and cash equivalents 217 79
Total interest income 42,202 39,410
Interest expense:    
Interest on deposits 5,418 4,744
Interest on borrowings 1,346 1,068
Total interest expense 6,764 5,812
Net interest income 35,438 33,598
Provision for loan losses 1,462 3,040
Net interest income after provision for loan losses 33,976 30,558
Noninterest income    
Gain on sale of SBA loans 1,819 4,147
Gain on sale of SBA related assets 7,611 0
Other Loan fees 777 1,387
Net income from BOLI 722 357
Service fees on deposit accounts 315 290
Loss on sale and write-down of real estate owned (1,830) (2,019)
Other 876 918
Total noninterest income 10,290 5,080
Noninterest expense    
Compensation and benefits 7,322 7,717
Professional services 1,639 1,657
Occupancy and equipment 1,314 1,273
Data processing 633 510
FDIC insurance 584 682
OREO expense 1,040 1,642
Other operating expense 4,096 3,371
Total noninterest expense 16,628 16,852
Income before income tax expense 27,638 18,786
Income tax expense 8,695 6,843
Net income attributable to Company and noncontrolling interest 18,943 11,943
Net income attributable to noncontrolling interest (433) (1,246)
Net income attributable to Company 18,510 10,697
Preferred stock dividend and discount accretion (1,200) (1,200)
Net income available to common shareholders $ 17,310 $ 9,497
Earnings per common share    
Basic (in dollars per share) $ 2.53 $ 1.42
Diluted (in dollars per share) $ 2.06 $ 1.22
Weighted average shares outstanding    
Basic (in shares) 6,846,514 6,700,718
Diluted (in shares) 8,964,700 8,772,127