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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest income:    
Interest and fees on loans $ 10,651 $ 9,963
Interest and dividends on investments 374 356
Interest on federal funds sold and cash equivalents 72 23
Total interest income 11,097 10,342
Interest expense:    
Interest on deposits 1,466 1,255
Interest on borrowings 375 334
Total interest expense 1,841 1,589
Net interest income 9,256 8,753
Provision for loan losses 500 700
Net interest income after provision for loan losses 8,756 8,053
Noninterest income:    
Gain on sale of SBA loans 0 1,432
Loan fees 66 347
Gain on Bank Owned Life Insurance 160 177
Service fees on deposit accounts 88 74
Loss on sale and write-down of real estate owned (6) (967)
Other 87 112
Total noninterest income 395 1,175
Noninterest expense:    
Compensation and benefits 1,901 2,085
Professional services 365 457
Occupancy and equipment 343 332
Data processing 181 133
FDIC insurance 70 176
OREO expense 157 329
Other operating expense 672 1,182
Total noninterest expense 3,689 4,694
Income before income tax expense 5,462 4,534
Income tax expense 2,004 1,546
Net income attributable to Company and noncontrolling interest 3,458 2,988
Net income attributable to noncontrolling interest 1 (380)
Net income attributable to Company 3,459 2,608
Preferred stock dividend and discount accretion 299 300
Net income available to common shareholders $ 3,160 $ 2,308
Earnings per common share:    
Basic (in dollars per share) $ 0.46 $ 0.34
Diluted (in dollars per share) $ 0.38 $ 0.29
Weighted average shares outstanding:    
Basic (in shares) 6,876,915 6,843,076
Diluted (in shares) 9,011,226 8,938,253