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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest and fees on loans:    
Taxable $ 10,390 $ 9,957
Tax-exempt 25 33
Interest on securities:    
Taxable 372 399
Tax-exempt 69 79
Other interest income 199 128
Total interest income 11,055 10,596
INTEREST EXPENSE:    
Deposits 1,236 959
Borrowings 510 471
Total interest expense 1,746 1,430
Net interest income 9,309 9,166
Provision for loan losses 50 150
Net interest income after provision for loan losses 9,259 9,016
OTHER INCOME:    
Deposit service fees 269 272
Income from mortgage loans sold on the secondary market 177 298
SBA/USDA loan sale gains 51 60
Mortgage servicing (loss) income (8) (8)
Other 125 154
Total other income 614 776
OTHER EXPENSE:    
Salaries and employee benefits 4,154 3,797
Occupancy 811 785
Furniture and equipment 531 481
Data processing 504 461
Advertising 195 123
Professional service fees 304 321
Loan origination expenses and deposit and card related fees 126 179
Writedowns and losses on other real estate held for sale 26 12
FDIC insurance assessment 156 157
Telephone 155 157
Transaction related expenses 189  
Other 777 704
Total other expenses 7,928 7,177
Income before provision for income taxes 1,945 2,615
Provision for income taxes 408 889
NET INCOME $ 1,537 $ 1,726
INCOME PER COMMON SHARE:    
Basic (in dollars per share) $ 0.24 $ 0.28
Diluted (in dollars per share) $ 0.24 $ 0.28