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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest income:        
Interest and fees on loans $ 9,887 $ 9,007 $ 29,029 $ 26,254
Interest on taxable securities 1,049 689 2,710 2,281
Interest on tax-exempt securities 551 552 1,615 1,734
Interest on interest-bearing deposits in other banks 278 82 548 222
Total interest income 11,765 10,330 33,902 30,491
Interest expense:        
Interest on demand deposits 196 136 528 388
Interest on savings deposits 52 43 146 129
Interest on certificates of deposit 567 524 1,641 1,636
Interest on term debt 292 292 883 1,369
Interest on junior subordinated debentures 74 59 211 172
Total interest expense 1,181 1,054 3,409 3,694
Net interest income 10,584 9,276 30,493 26,797
Provision for loan and lease losses 500
Net interest income after provision for loan and lease losses 10,584 9,276 29,993 26,797
Noninterest income:        
Service charges on deposit accounts 132 133 401 293
ATM and point of sale fees 273 287 827 714
Fees on payroll and benefit processing 147 133 485 432
Life insurance 134 152 915 461
Gain on sale of investment securities, net 38 70 139 192
Impairment losses on investment securities 0 (546)
Federal Home Loan Bank of San Francisco dividends 80 102 237 291
Other income 191 82 516 508
Total noninterest income 995 959 3,520 2,345
Noninterest expense:        
Salaries and related benefits 4,291 3,873 13,296 12,188
Premises and equipment 1,067 1,071 3,169 2,847
Federal Deposit Insurance Corporation insurance premium 78 176 230 513
Data processing fees 437 464 1,294 1,142
Professional service fees 276 303 1,119 1,209
Telecommunications 219 199 653 545
Branch acquisition costs 580
Loss on cancellation of interest rate swap 2,325
Other expenses 908 1,039 3,290 3,445
Total noninterest expense 7,276 7,125 23,051 24,794
Income before provision for income taxes 4,303 3,110 10,462 4,348
Provision for income taxes 1,427 744 3,125 1,386
Net income $ 2,876 $ 2,366 $ 7,337 $ 2,962
Earnings per share - basic (in dollars per share) $ 0.18 $ 0.18 $ 0.49 $ 0.22
Weighted average shares - basic (in shares) 16,191 13,369 14,884 13,366
Earnings per share - diluted (in dollars per share) $ 0.18 $ 0.18 $ 0.49 $ 0.22
Weighted average shares - diluted (in shares) 16,288 13,439 14,984 13,412