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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income:        
Interest and fees on loans $ 11,568 $ 9,887 $ 33,461 $ 29,029
Interest on taxable securities 1,209 1,049 3,696 2,710
Interest on tax-exempt securities 400 551 1,276 1,615
Interest on interest-bearing deposits in other banks 254 278 518 548
Total interest income 13,431 11,765 38,951 33,902
Interest expense:        
Interest on demand deposits 276 196 712 528
Interest on savings deposits 73 52 196 146
Interest on certificates of deposit 465 567 1,448 1,641
Interest on Federal Home Loan Bank of San Francisco borrowings 121 435 3
Interest on other borrowings 265 292 825 880
Interest on junior subordinated debentures 104 74 283 211
Total interest expense 1,304 1,181 3,899 3,409
Net interest income 12,127 10,584 35,052 30,493
Provision for loan and lease losses 500
Net interest income after provision for loan and lease losses 12,127 10,584 35,052 29,993
Noninterest income:        
Fees on payroll and benefit processing 159 147 474 485
Life insurance 128 134 384 915
Gain on sale of investment securities, net 1 38 41 139
Federal Home Loan Bank of San Francisco dividends 104 80 279 237
(Loss) gain on sale of OREO (7) 81 9 22
Other income 106 191 331 516
Total noninterest income 943 1,076 2,887 3,542
Noninterest expense:        
Salaries and related benefits 4,529 4,291 13,897 13,296
Premises and equipment 1,017 1,067 3,104 3,169
Federal Deposit Insurance Corporation insurance premium 94 78 283 230
Data processing fees 518 437 1,421 1,294
Professional service fees 336 276 995 1,119
Telecommunications 55 219 449 653
Other expenses 1,085 989 3,189 3,312
Total noninterest expense 7,634 7,357 23,338 23,073
Income before provision for income taxes 5,436 4,303 14,601 10,462
Provision for income taxes 1,404 1,427 3,710 3,125
Net income $ 4,032 $ 2,876 $ 10,891 $ 7,337
Earnings per share - basic (in dollars per share) $ 0.25 $ 0.18 $ 0.67 $ 0.49
Weighted average shares - basic (in shares) [1] 16,252 16,191 16,242 14,884
Earnings per share - diluted (in dollars per share) $ 0.25 $ 0.18 $ 0.67 $ 0.49
Weighted average shares - diluted (in shares) 16,342 16,288 16,327 14,984
Deposit Account [Member]        
Noninterest income:        
Revenue from Contract with Customer $ 170 $ 132 $ 521 $ 401
Credit and Debit Card [Member]        
Noninterest income:        
Revenue from Contract with Customer $ 282 $ 273 $ 848 $ 827
[1] Excludes unvested restricted shares because they do not have dividend or voting rights