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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest income:      
Interest and fees on loans $ 46,847 $ 40,740 $ 38,035
Interest and dividends on investments 1,429 1,245 1,296
Interest on federal funds sold and cash equivalents 379 217 79
Total interest income 48,655 42,202 39,410
Interest expense:      
Interest on deposits 6,478 5,418 4,744
Interest on borrowings 1,802 1,346 1,068
Total interest expense 8,280 6,764 5,812
Net interest income 40,375 35,438 33,598
Provision for loan losses 2,500 1,462 3,040
Net interest income after provision for loan losses 37,875 33,976 30,558
Non-interest income      
Gain on sale of SBA loans 477 1,819 4,147
Gain on sale of SBA related assets 0 7,611 0
Other Loan fees 654 777 1,387
Net income from BOLI 652 722 357
Service fees on deposit accounts 416 315 290
Loss on sale and write-down of real estate owned (1,421) (1,830) (2,019)
Realized loss on sale of AFS securities (44) 0 0
Other 911 876 918
Total non-interest income 1,645 10,290 5,080
Non-interest expense      
Compensation and benefits 7,362 7,322 7,717
Professional services 1,573 1,639 1,657
Occupancy and equipment 1,443 1,314 1,273
Data processing 736 633 510
FDIC insurance 296 584 682
OREO expense 625 1,040 1,642
Other operating expense 3,258 4,096 3,371
Total non-interest expense 15,293 16,628 16,852
Income before income tax expense 24,227 27,638 18,786
Income tax expense 12,389 8,695 6,843
Net income attributable to Company and noncontrolling interest 11,838 18,943 11,943
Net income attributable to noncontrolling interest 32 (433) (1,246)
Net income attributable to Company 11,870 18,510 10,697
Preferred stock dividend (1,119) (1,200) (1,200)
Net income available to common shareholders $ 10,751 $ 17,310 $ 9,497
Earnings per common share      
Basic (in dollars per share) $ 1.40 $ 2.31 $ 1.30
Diluted (in dollars per share) $ 1.24 $ 1.92 $ 1.12
Weighted average shares outstanding      
Basic (in shares) 7,657,756 7,507,709 7,309,874
Diluted (in shares) 9,559,635 9,622,272 9,568,305