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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest and dividend income:        
Loans, including fees $ 20,857 $ 18,153 $ 59,855 $ 52,130
Other investment income 907 500 2,271 1,421
Federal funds sold 144 113 462 305
Total interest income 21,908 18,766 62,588 53,856
Interest expense:        
Deposits 5,873 3,822 16,375 9,466
FHLB advances and other borrowings 56 32 182 661
Total interest expense 5,929 3,854 16,557 10,127
Net interest income 15,979 14,912 46,031 43,729
Provision for loan losses   318   1,189
Net interest income after provision for loan losses 15,979 14,594 46,031 42,540
Noninterest income:        
Service charges on deposit accounts 294 256 811 776
Other service charges, commissions and fees 2,592 2,792 8,049 7,668
Gain on sale of residential mortgage loans 2,901 1,605 6,454 3,956
Mortgage servicing income, net 2,594 3,313 7,248 9,279
SBA servicing income, net 900 416 3,080 2,328
Gain on sale of SBA loans 1,404 621 4,296 4,039
Other income 316 142 595 459
Total noninterest income 11,001 9,145 30,533 28,505
Noninterest expense:        
Salaries and employee benefits 6,573 6,436 18,926 17,007
Occupancy and equipment 1,161 1,075 3,547 2,953
Data processing 245 214 765 644
Advertising 142 146 455 457
Other expenses 2,041 2,549 6,467 7,029
Total noninterest expense 10,162 10,420 30,160 28,090
Income before provision for income taxes 16,818 13,319 46,404 42,955
Provision for income taxes 4,462 3,466 12,356 11,357
Net income available to common shareholders $ 12,356 $ 9,853 $ 34,048 $ 31,598
Earnings per share:        
Basic (in dollars per share) $ 0.51 $ 0.41 $ 1.40 $ 1.31
Diluted (in dollars per share) $ 0.50 $ 0.40 $ 1.39 $ 1.29