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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest and fees on loans:        
Taxable $ 14,097 $ 10,799 $ 36,558 $ 31,016
Tax-exempt 25 21 81 73
Interest on securities:        
Taxable 723 401 1,655 1,195
Tax-exempt 84 72 232 226
Other interest income 362 230 758 475
Total interest income 15,291 11,523 39,284 32,985
INTEREST EXPENSE:        
Deposits 1,698 1,157 4,536 3,170
Borrowings 379 577 1,412 1,541
Total interest expense 2,077 1,734 5,948 4,711
Net interest income 13,214 9,789 33,336 28,274
Provision for loan losses 50 200 200 400
Net interest income after provision for loan losses 13,164 9,589 33,136 27,874
OTHER INCOME:        
Deposit service fees 414 262 1,006 803
Income from mortgage loans sold on the secondary market 423 434 877 1,048
SBA/USDA loan sale gains 184 278 318 426
Net mortgage servicing fees (amortization) 110 (6) 123 (24)
Net realized security gains   38   38
Other 212 147 496 433
Total other income 1,343 1,153 2,820 2,724
OTHER EXPENSE:        
Salaries and employee benefits 5,600 3,934 14,627 11,388
Occupancy 963 761 2,702 2,322
Furniture and equipment 681 616 1,856 1,640
Data processing 720 533 1,810 1,482
Advertising 258 227 645 524
Professional service fees 421 323 1,122 1,049
Loan origination expenses and deposit and card related fees 242 181 516 515
Writedowns and losses on other real estate held for sale 36 43 102 298
FDIC insurance assessment 201 210 544 556
Telephone 171 154 478 445
Transaction related expenses 350   2,463  
Other 975 742 2,758 2,199
Total other expenses 10,618 7,724 29,623 22,418
Income before provision for income taxes 3,889 3,018 6,333 8,180
Provision for income taxes 820 925 1,331 2,681
NET INCOME $ 3,069 $ 2,093 $ 5,002 $ 5,499
INCOME PER COMMON SHARE:        
Basic (in dollars per share) $ 0.29 $ 0.33 $ 0.60 $ 0.88
Diluted (in dollars per share) $ 0.29 $ 0.33 $ 0.60 $ 0.87