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Consolidated Statements of Net Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income:        
Interest and fees on loans $ 5,107 $ 4,281 $ 10,057 $ 8,372
Other interest income 73 39 145 76
Total interest income 5,180 4,320 10,202 8,448
Interest expense:        
Interest on deposits 499 529 985 1,073
Interest on borrowed funds 150 28 293 63
Total interest expense 649 557 1,278 1,136
Net interest income 4,531 3,763 8,924 7,312
Provision for loan losses 145 72 254 171
Net interest income after provision for loan losses 4,386 3,691 8,670 7,141
Non-interest income:        
Customer service fees 804 763 1,575 1,500
Net gain on sales of loans and other mortgage banking income 1,267 652 2,151 1,713
Bank-owned life insurance income 32 34 64 68
Other income 32 38 66 79
Total non-interest income 2,135 1,487 3,856 3,360
Non-interest expenses:        
Salary and employee benefits 2,716 2,391 5,428 4,773
Occupancy and equipment 696 673 1,512 1,589
Data processing 447 426 847 860
Deposit servicing 236 188 444 368
Professional fees 185 167 384 348
FDIC insurance assessment 89 95 185 188
Advertising 114 84 161 143
Foreclosed real estate 25 24 42 103
Impairment loss on real estate held for sale   195   195
Other general and administrative 442 429 887 813
Total non-interest expenses 4,950 4,672 9,890 9,380
Income before income taxes 1,571 506 2,636 1,121
Income tax expense 625 204 1,051 446
Net income and comprehensive income $ 946 $ 302 $ 1,585 $ 675
Weighted average common shares outstanding - basic 4,321,996 4,544,925 4,380,932 4,557,588
Weighted average common shares outstanding - diluted 4,324,061 4,544,925 4,382,178 4,557,588
Per share information:        
Diluted earnings per common share $ 0.22 $ 0.07 $ 0.36 $ 0.15
Basic earnings per common share $ 0.22 $ 0.07 $ 0.36 $ 0.15