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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest and fees on loans:    
Taxable $ 9,957 $ 7,960
Tax-exempt 33 2
Interest on securities:    
Taxable 399 262
Tax-exempt 79 31
Other interest income 128 55
Total interest income 10,596 8,310
INTEREST EXPENSE:    
Deposits 959 769
Borrowings 471 253
Total interest expense 1,430 1,022
Net interest income 9,166 7,288
Provision for loan losses 150 0
Net interest income after provision for loan losses 9,016 7,288
OTHER INCOME:    
Deposit service fees 272 216
Income from mortgage loans sold on the secondary market 298 267
SBA/USDA loan sale gains 60  
Net mortgage servicing (amortization) income (8) (54)
Net realized security gains   97
Other 154 101
Total other income 776 627
OTHER EXPENSE:    
Salaries and employee benefits 3,797 3,387
Occupancy 785 640
Furniture and equipment 481 383
Data processing 461 345
Advertising 123 156
Professional service fees 321 241
Loan origination expenses and deposit and card related fees 179 127
Writedowns and losses on other real estate held for sale 12 16
FDIC insurance assessment 157 108
Telephone 157 112
Transaction related expenses   106
Other 704 577
Total other expenses 7,177 6,198
Income before provision for income taxes 2,615 1,717
Provision for income taxes 889 585
NET INCOME $ 1,726 $ 1,132
INCOME PER COMMON SHARE:    
Basic (in dollars per share) $ 0.28 $ 0.18
Diluted (in dollars per share) $ 0.28 $ 0.18