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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest and dividend income:        
Loans, including fees $ 20,255 $ 15,564 $ 55,467 $ 40,811
Securities:        
Taxable 183 201 547 620
Tax-exempt 7 7 22 22
Money market funds and commercial paper 48 82 288 215
Overnight deposits 1,233 476 3,810 957
Other interest and dividends 181 98 468 304
Total interest income 21,907 16,428 60,602 42,929
Interest expense:        
Deposits 2,565 1,588 5,802 4,316
Borrowed funds 355 244 697 674
Trust preferred securities interest expense 231 165 623 469
Subordinated debt interest expense 405 440 1,214 918
Total interest expense 3,556 2,437 8,336 6,377
Net interest income 18,351 13,991 52,266 36,552
Provision for loan losses (453) 1,200 2,294 3,560
Net interest income after provision for loan losses 18,804 12,791 49,972 32,992
Non-interest income:        
Losses on call of securities     (37)  
Total non-interest income 2,012 2,206 9,967 5,012
Non-interest expense:        
Compensation and benefits 6,253 4,847 18,696 13,688
Bank premises and equipment 1,273 1,075 3,739 3,185
Professional fees 587 951 2,207 1,800
Data processing fees 847 437 2,961 987
Other expenses 1,395 1,280 4,265 3,306
Total non-interest expense 10,355 8,590 31,868 22,966
Net income before income tax expense 10,461 6,407 28,071 15,038
Income tax expense 3,348 2,562 8,803 5,994
Net income $ 7,113 $ 3,845 $ 19,268 $ 9,044
Earnings per share:        
Basic earnings (in dollars per share) $ 0.87 $ 0.83 $ 2.35 $ 1.95
Diluted earnings (in dollars per share) $ 0.85 $ 0.82 $ 2.31 $ 1.94
Service charges on deposit accounts        
Non-interest income:        
Non-interest income $ 693 $ 836 $ 3,422 $ 1,633
Prepaid debit card income        
Non-interest income:        
Non-interest income 1,080 847 3,506 2,440
Other service charges and fees        
Non-interest income:        
Non-interest income $ 239 $ 523 $ 3,076 $ 939