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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest income:      
Interest and fees on loans $ 35,435 $ 32,871 $ 29,464
Interest on taxable securities 2,986 3,284 4,214
Interest on tax-exempt securities 2,256 2,392 2,536
Interest on interest-bearing deposits in other banks 332 206 479
Total interest income 41,009 38,753 36,693
Service charges on deposit accounts 413 204 186
ATM and point of sale fees 995 383 330
Fees on payroll and benefit processing 593 555 508
Earnings on cash surrender value – life insurance 613 641 628
Gain (loss) on sale of investment securities, net 244 443 (159)
Impairment losses on investment securities (546)
Federal Home Loan Bank of San Francisco dividends 644 630 345
Other income 639 327 2,477
Total noninterest income 3,595 3,183 4,315
Interest expense:      
Interest on demand deposits 523 460 471
Interest on savings deposits 174 213 228
Interest on certificates of deposit 2,179 2,356 2,608
Interest on term debt 1,667 1,759 422
Interest on junior subordinated debentures 235 195 363
Total interest expense 4,778 4,983 4,092
Net interest income 36,231 33,770 32,601
Provision for loan and lease losses 3,175
Net interest income after provision for loan and lease losses 36,231 33,770 29,426
Noninterest expense:      
Salaries and related benefits 16,425 14,303 14,965
Premises and equipment 3,869 2,894 2,784
Federal Deposit Insurance Corporation insurance premium 615 717 798
Data processing fees 1,675 1,016 926
Professional service fees 1,690 1,628 1,398
Telecommunications 751 449 372
Branch acquisition costs 580 347
Loss on cancellation of interest rate swap 2,325
Other expenses 4,679 3,551 5,191
Total noninterest expense 32,609 24,905 26,434
Income before provision for income taxes 7,217 12,048 7,307
Provision for income taxes 1,958 3,462 1,580
Net income 5,259 8,586 5,727
Less: Preferred stock extinguishment costs 102
Less: Preferred stock dividends 189 200
Income available to common shareholders $ 5,259 $ 8,295 $ 5,527
Earnings per share - basic (in dollars per share) $ 0.39 $ 0.62 $ 0.41
Weighted average shares - basic (in shares) 13,367 13,331 13,475
Earnings per share - diluted (in dollars per share) $ 0.39 $ 0.62 $ 0.41
Weighted average shares - diluted (in shares) 13,425 13,365 13,520