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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest income:        
Interest and fees on loans $ 9,758 $ 8,796 $ 19,142 $ 17,247
Interest on taxable securities 872 808 1,661 1,592
Interest on tax-exempt securities 534 588 1,064 1,182
Interest on interest-bearing deposits in other banks 156 65 270 140
Total interest income 11,320 10,257 22,137 20,161
Interest expense:        
Interest on demand deposits 184 130 332 252
Interest on savings deposits 47 41 94 86
Interest on certificates of deposit 545 515 1,074 1,112
Interest on term debt 298 295 591 1,077
Interest on junior subordinated debentures 71 59 137 113
Total interest expense 1,145 1,040 2,228 2,640
Net interest income 10,175 9,217 19,909 17,521
Provision for loan and lease losses 300 500
Net interest income after provision for loan and lease losses 9,875 9,217 19,409 17,521
Noninterest income:        
Service charges on deposit accounts 142 88 269 160
ATM and point of sale fees 288 335 554 427
Fees on payroll and benefit processing 147 139 338 299
Life insurance 135 153 781 309
Gain on sale of investment securities, net 35 28 101 122
Impairment losses on investment securities (546) 0 (546)
Federal Home Loan Bank of San Francisco dividends 54 99 157 189
Other income 182 141 325 426
Total noninterest income 983 437 2,525 1,386
Noninterest expense:        
Salaries and related benefits 4,147 4,086 9,005 8,315
Premises and equipment 1,054 987 2,102 1,776
Federal Deposit Insurance Corporation insurance premium 104 181 152 337
Data processing fees 450 373 857 678
Professional service fees 501 470 894 906
Telecommunications 223 199 434 346
Branch acquisition costs 168 580
Loss on cancellation of interest rate swap 2,325
Other expenses 1,235 1,204 2,331 2,406
Total noninterest expense 7,714 7,668 15,775 17,669
Income before provision for income taxes 3,144 1,986 6,159 1,238
Provision for income taxes 935 430 1,698 642
Net income $ 2,209 $ 1,556 $ 4,461 $ 596
Earnings per share - basic (in dollars per share) $ 0.15 $ 0.11 $ 0.31 $ 0.04
Weighted average shares - basic (in shares) 15,014 13,367 14,220 13,364
Earnings per share - diluted (in dollars per share) $ 0.15 $ 0.11 $ 0.31 $ 0.04
Weighted average shares - diluted (in shares) 15,113 13,425 14,321 13,408