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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Interest income:    
Interest and fees on loans $ 59,139 $ 46,847
Interest and dividends on investments 1,342 1,429
Interest on federal funds sold and cash equivalents 1,383 379
Total interest income 61,864 48,655
Interest expense:    
Interest on deposits 11,071 6,478
Interest on borrowings 2,700 1,802
Total interest expense 13,771 8,280
Net interest income 48,093 40,375
Provision for loan losses 1,800 2,500
Net interest income after provision for loan losses 46,293 37,875
Non-interest income    
Gain on sale of SBA loans 378 477
Other loan fees 1,121 654
Bank owned life insurance income 613 652
Service fees on deposit accounts 1,482 416
Net loss on sale and valuation adjustments of OREO (690) (1,421)
Other 513 867
Total non-interest income 3,417 1,645
Non-interest expense    
Compensation and benefits 8,251 7,362
Professional services 1,419 1,573
Occupancy and equipment 1,675 1,443
Data processing 835 736
FDIC insurance and other assessments 420 296
OREO expense 611 625
Other operating expense 3,084 3,258
Total non-interest expense 16,295 15,293
Income before income tax expense 33,415 24,227
Income tax expense 8,377 12,389
Net income attributable to Company and noncontrolling interest 25,038 11,838
Net income (loss) attributable to noncontrolling interest 214 (32)
Net income attributable to Company 24,824 11,870
Preferred stock dividend (446) (1,119)
Net income available to common shareholders $ 24,378 $ 10,751
Earnings per common share    
Basic (in dollars per share) $ 2.53 $ 1.28
Diluted (in dollars per share) $ 2.28 $ 1.13
Weighted average common shares outstanding    
Basic (in shares) 9,629,467 8,423,532
Diluted (in shares) 10,911,344 10,515,599