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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest and fees on loans:        
Taxable $ 15,586 $ 12,071 $ 30,181 $ 22,461
Tax-exempt 42 31 89 56
Interest on securities:        
Taxable 680 560 1,383 932
Tax-exempt 85 79 183 148
Other interest income 367 197 752 396
Total interest income 16,760 12,938 32,588 23,993
INTEREST EXPENSE:        
Deposits 2,515 1,602 4,869 2,838
Borrowings 248 523 486 1,033
Total interest expense 2,763 2,125 5,355 3,871
Net interest income 13,997 10,813 27,233 20,122
Provision for loan losses 200 100 300 150
Net interest income after provision for loan losses 13,797 10,713 26,933 19,972
OTHER INCOME:        
Deposit service fees 408 323 814 592
Income from mortgage loans sold on the secondary market 355 277 667 454
SBA/USDA loan sale gains 29 83 154 134
Net mortgage servicing fees (amortization) 128 (2) 248 (10)
Other 190 182 344 307
Total other income 1,110 863 2,227 1,477
OTHER EXPENSE:        
Salaries and employee benefits 5,511 4,923 10,946 9,077
Occupancy 1,004 928 2,085 1,739
Furniture and equipment 723 644 1,441 1,175
Data processing 708 586 1,417 1,090
Advertising 214 192 523 387
Professional service fees 547 397 981 701
Loan origination expenses and deposit and card related fees 184 148 363 274
Writedowns and losses on other real estate held for sale 73 40 101 66
FDIC insurance assessment 77 187 211 343
Communications 232 152 460 307
Transaction related expenses   1,976   2,165
Other 990 904 1,979 1,681
Total other expenses 10,263 11,077 20,507 19,005
Income before provision for income taxes 4,644 499 8,653 2,444
Provision for income taxes 975 103 1,817 511
NET INCOME $ 3,669 $ 396 $ 6,836 $ 1,933
INCOME PER COMMON SHARE:        
Basic (in dollars per share) $ 0.34 $ 0.05 $ 0.64 $ 0.27
Diluted (in dollars per share) $ 0.34 $ 0.05 $ 0.64 $ 0.27