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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 receivable $ 48,585 $ 42,891 $ 138,291 $ 125,474
Securities available-for-sale 6,651 4,164 17,987 12,856
Securities held-to-maturity 1,798 68 5,253 68
Federal funds and interest earning deposits 44 185 1,116 274
Federal Home Loan Bank stock dividends 617 512 1,861 1,426
Total interest and dividend income 57,695 47,820 164,508 140,098
Interest expense:        
Deposits 10,420 6,911 27,713 19,366
Borrowings 6,692 4,949 16,134 14,357
Total interest expense 17,112 11,860 43,847 33,723
Net interest income 40,583 35,960 120,661 106,375
Provision for loan losses 1,500 5,676 5,900 6,426
Net interest income after provision for loan losses 39,083 30,284 114,761 99,949
Non-interest income:        
Demand deposit account fees 1,000 982 2,920 2,818
Bank-owned life insurance 1,309 1,091 3,865 3,849
Title insurance fees 1,189 910 3,218 2,826
Loan fees and service charges 616 519 1,537 1,577
(Loss) gain on securities transactions, net 0 (2,099) 116 (2,099)
Gain on sale of loans receivable, net 0 (959) 15 (789)
(Loss) Gain on sale of real estate owned (32) (3) (45) 245
Other non-interest income 1,208 1,189 3,654 3,839
Total non-interest income 5,290 1,630 15,280 12,266
Non-interest expense:        
Compensation and employee benefits expense 16,654 16,700 49,928 47,983
Occupancy expense 3,529 3,380 10,763 10,276
Federal insurance premiums expense 503 415 1,404 1,240
Advertising expense 1,003 1,564 3,142 3,367
Professional fees expense 341 577 954 1,135
Data processing expense 630 570 1,944 1,714
Charitable contribution to foundation 0 3,251 34,767 3,510
Other non-interest expense 3,930 3,749 11,470 10,770
Total non-interest expense 26,590 30,206 114,372 79,995
Income before income tax expense 17,783 1,708 15,669 32,220
Income tax expense 6,956 194 7,800 11,140
Net income $ 10,827 $ 1,514 $ 7,869 $ 21,080
Basic and diluted earnings per share (in dollars per share) $ 0.10   $ 0.07  
Weighted average shares outstanding (in shares) 111,391,704   111,372,033