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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest and fees on loans:    
Taxable $ 14,595 $ 10,390
Tax-exempt 47 25
Interest on securities:    
Taxable 703 372
Tax-exempt 98 69
Other interest income 385 199
Total interest income 15,828 11,055
INTEREST EXPENSE:    
Deposits 2,354 1,236
Borrowings 238 510
Total interest expense 2,592 1,746
Net interest income 13,236 9,309
Provision for loan losses 100 50
Net interest income after provision for loan losses 13,136 9,259
OTHER INCOME:    
Deposit service fees 406 269
Income from mortgage loans sold on the secondary market 312 177
SBA/USDA loan sale gains 125 51
Net mortgage servicing fees (amortization) (8) (8)
Other 282 125
Total other income 1,117 614
OTHER EXPENSE:    
Salaries and employee benefits 5,435 4,154
Occupancy 1,081 811
Furniture and equipment 718 531
Data processing 709 504
Advertising 309 195
Professional service fees 434 304
Loan origination expenses and deposit and card related fees 179 126
Writedowns and losses on other real estate held for sale 28 26
FDIC insurance assessment 134 156
Communications 228 155
Transaction related expenses   189
Other 989 777
Total other expenses 10,244 7,928
Income before provision for income taxes 4,009 1,945
Provision for income taxes 842 408
NET INCOME $ 3,167 $ 1,537
INCOME PER COMMON SHARE:    
Basic (in dollars per share) $ 0.30 $ 0.24
Diluted (in dollars per share) $ 0.30 $ 0.24