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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest income:      
Loans $ 31,790 $ 24,375 $ 17,554
Securities 3,909 3,945 2,549
Interest earning deposits and other 960 631 291
Total interest income 36,659 28,951 20,394
Interest expense:      
Savings, NOW and money market deposits 2,070 908 424
Time deposits 473 275 93
Borrowings 5 29 21
Total interest expense 2,548 1,212 538
Net interest income 34,111 27,739 19,856
Provision for loan losses 1,850 1,375 905
Net interest income after provision for loan losses 32,261 26,364 18,951
Noninterest income:      
Total noninterest income 11,811 7,855 5,516
Noninterest expense:      
Employee compensation and benefits 14,677 13,039 10,072
Occupancy and equipment 1,913 1,736 1,557
Professional and consulting services 2,919 2,589 1,902
FDIC and regulatory assessments 242 321 256
Advertising and marketing 718 524 485
Travel and business relations 548 504 428
Data processing 2,470 1,896 1,709
Other operating expenses 1,447 1,686 1,024
Total noninterest expense 24,934 22,295 17,433
Net income before income taxes 19,138 11,924 7,034
Income tax expense 4,995 3,190 3,390
Net income $ 14,143 $ 8,734 $ 3,644
Earnings per share      
Basic (in dollars per share) $ 1.91 $ 1.18 $ 0.59
Diluted (in dollars per share) $ 1.82 $ 1.13 $ 0.58
Merchant processing income      
Noninterest income:      
Noninterest income $ 10,976 $ 4,961 $ 3,322
Customer related fees and service charges      
Noninterest income:      
Noninterest income $ 835 $ 2,894 $ 2,194