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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest and fees on loans:        
Taxable $ 12,071 $ 10,260 $ 22,461 $ 20,217
Tax-exempt 31 19 56 52
Interest on securities:        
Taxable 560 396 932 795
Tax-exempt 79 75 148 154
Other interest income 197 116 396 244
Total interest income 12,938 10,866 23,993 21,462
INTEREST EXPENSE:        
Deposits 1,602 1,054 2,838 2,013
Borrowings 523 493 1,033 964
Total interest expense 2,125 1,547 3,871 2,977
Net interest income 10,813 9,319 20,122 18,485
Provision for loan losses 100 50 150 200
Net interest income after provision for loan losses 10,713 9,269 19,972 18,285
OTHER INCOME:        
Deposit service fees 323 268 592 540
Income from mortgage loans sold on the secondary market 277 316 454 614
SBA/USDA loan sale gains 83 89 134 149
Net mortgage servicing amortization (2) (9) (10) (17)
Other 182 131 307 285
Total other income 863 795 1,477 1,571
OTHER EXPENSE:        
Salaries and employee benefits 4,923 3,658 9,077 7,455
Occupancy 928 776 1,739 1,561
Furniture and equipment 644 544 1,175 1,025
Data processing 586 489 1,090 950
Advertising 192 174 387 297
Professional service fees 397 405 701 726
Loan origination expenses and deposit and card related fees 148 155 274 334
Writedowns and losses on other real estate held for sale 40 243 66 255
FDIC insurance assessment 187 189 343 346
Telephone 152 134 307 291
Transaction related expenses 1,976   2,165  
Other 904 750 1,681 1,454
Total other expenses 11,077 7,517 19,005 14,694
Income before provision for income taxes 499 2,547 2,444 5,162
Provision for income taxes 103 867 511 1,756
NET INCOME $ 396 $ 1,680 $ 1,933 $ 3,406
INCOME PER COMMON SHARE:        
Basic (in dollars per share) $ 0.05 $ 0.27 $ 0.27 $ 0.54
Diluted (in dollars per share) $ 0.05 $ 0.27 $ 0.27 $ 0.54