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Consolidated Statements of Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest and dividend income:      
Interest on loans receivable $ 44,948 $ 38,172 $ 32,660
Interest and dividends on investment securities and FHLB stock 1,208 817 1,081
Total interest and dividend income 46,156 38,989 33,741
Interest expense:      
Interest on certificates of deposit 7,617 5,917 5,502
Interest on other deposits 974 656 427
Interest on borrowings 899 210 7
Total interest expense 9,490 6,783 5,936
Net interest income 36,666 32,206 27,805
Provision for loan losses (recovery) (Note 4) 1,249 1,716 (57)
Net interest income after provision for loan losses 35,417 30,490 27,862
Noninterest income:      
Service charges and fees 845 909 938
Brokerage commissions 533 547 515
Late and prepayment charges 606 810 302
Other 954 838 676
Total noninterest income 2,938 3,104 2,431
Noninterest expense:      
Compensation and benefits 17,939 17,109 14,979
Occupancy expense 6,673 5,825 5,651
Data processing expenses 1,408 1,470 1,617
Direct loan expenses 788 739 860
Insurance and surety bond premiums 369 269 464
Office supplies, telephone and postage 1,309 1,103 1,071
FDIC deposit insurance assessment 272 250 538
Charitable foundation contributions   6,293  
Professional fees 3,154 1,060 959
Marketing and promotional expenses 215 308 198
Directors fees 277 289 288
Regulatory dues 238 262 231
Other operating expenses 1,915 1,580 1,007
Total noninterest expense 34,557 36,557 27,863
Income (loss) before income taxes 3,798 (2,963) 2,430
Provision for income taxes (Note 8) 1,121 1,424 1,005
Net income (loss) $ 2,677 $ (4,387) $ 1,425
Earnings per share: (Note 10)      
Basic $ 0.15 $ (0.16)  
Diluted $ 0.15 $ (0.16)