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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income:        
Interest and fees on loans $ 12,847 $ 11,164 $ 24,878 $ 21,893
Interest on taxable securities 1,733 1,278 3,497 2,487
Interest on tax-exempt securities 328 413 715 876
Interest on interest-bearing deposits in other banks 219 135 464 264
Total interest income 15,127 12,990 29,554 25,520
Interest expense:        
Interest on demand - interest-bearing 129 80 255 169
Interest on money market 380 135 669 267
Interest on savings 123 64 234 123
Interest on certificates of deposit 497 488 987 983
Interest on Federal Home Loan Bank of San Francisco borrowings 192 267 247 314
Interest on other borrowings 201 279 440 560
Interest on junior subordinated debentures 110 97 223 179
Total interest expense 1,632 1,410 3,055 2,595
Net interest income 13,495 11,580 26,499 22,925
Provision for loan and lease losses
Net interest income after provision for loan and lease losses 13,495 11,580 26,499 22,925
Noninterest income:        
Fees on payroll and benefit processing 157 146 328 315
Life insurance 155 127 284 256
Gain on sale of investment securities, net 33 4 125 40
Federal Home Loan Bank of San Francisco dividends 124 95 245 175
Gain on sale of OREO 18 41 16
Other income 108 115 196 225
Total noninterest income 1,100 962 2,157 1,944
Noninterest expense:        
Salaries and related benefits 5,146 4,513 10,875 9,368
Premises and equipment 945 1,016 1,937 2,087
Federal Deposit Insurance Corporation insurance premium 95 93 195 189
Data processing fees 621 471 1,180 903
Professional service fees 535 314 838 659
Telecommunications 180 178 353 394
Acquisition costs 376 2,306
Other expenses 1,713 1,086 2,850 2,104
Total noninterest expense 9,611 7,671 20,534 15,704
Income before provision for income taxes 4,984 4,871 8,122 9,165
Provision for income taxes 1,340 1,253 2,172 2,306
Net income $ 3,644 $ 3,618 $ 5,950 $ 6,859
Earnings per share - basic (in dollars per share) $ 0.20 $ 0.22 $ 0.33 $ 0.42
Weighted average shares - basic (in shares) [1] 18,134 16,245 17,816 16,237
Earnings per share - diluted (in dollars per share) $ 0.20 $ 0.22 $ 0.33 $ 0.42
Weighted average shares - diluted (in shares) 18,194 16,325 17,878 16,319
Deposit Account [Member]        
Noninterest income:        
Revenue from Contract with Customer $ 187 $ 175 $ 355 $ 351
Credit and Debit Card [Member]        
Noninterest income:        
Revenue from Contract with Customer $ 318 $ 300 $ 583 $ 566
[1] Excludes unvested restricted shares because they do not have dividend or voting rights