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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest income:        
Interest and fees on loans $ 13,013 $ 11,568 $ 37,891 $ 33,461
Interest on taxable securities 1,609 1,209 5,106 3,696
Interest on tax-exempt securities 271 400 986 1,276
Interest on interest-bearing deposits in other banks 308 254 772 518
Total interest income 15,201 13,431 44,755 38,951
Interest expense:        
Interest on demand - interest-bearing 117 104 372 273
Interest on money market 451 172 1,120 439
Interest on savings 131 73 365 196
Interest on certificates of deposit 491 465 1,478 1,448
Interest on Federal Home Loan Bank of San Francisco borrowings 121 247 435
Interest on other borrowings 183 265 623 825
Interest on junior subordinated debentures 106 104 329 283
Total interest expense 1,479 1,304 4,534 3,899
Net interest income 13,722 12,127 40,221 35,052
Provision for loan and lease losses
Net interest income after provision for loan and lease losses 13,722 12,127 40,221 35,052
Noninterest income:        
Payroll and benefit processing fees 158 159 486 474
Life insurance 126 128 410 384
Gain on sale of investment securities, net 12 1 137 41
Federal Home Loan Bank of San Francisco dividends 131 104 376 279
(Loss) Gain on sale of OREO (7) 41 9
Other income 109 106 305 331
Total noninterest income 1,006 943 3,163 2,887
Noninterest expense:        
Salaries and related benefits 5,005 4,529 15,880 13,897
Premises and equipment 950 1,017 2,887 3,104
Federal Deposit Insurance Corporation insurance premium (104) 94 91 283
Data processing 565 518 1,745 1,421
Professional services 392 336 1,230 995
Telecommunications 194 55 547 449
Acquisition and merger (113) 42 2,193 42
Other expenses 1,411 1,043 4,261 3,147
Total noninterest expense 8,300 7,634 28,834 23,338
Income before provision for income taxes 6,428 5,436 14,550 14,601
Provision for income taxes 1,786 1,404 3,958 3,710
Net income $ 4,642 $ 4,032 $ 10,592 $ 10,891
Earnings per share - basic (in dollars per share) $ 0.26 $ 0.25 $ 0.59 $ 0.67
Weighted average shares - basic (in shares) [1] 18,130 16,252 17,918 16,242
Earnings per share - diluted (in dollars per share) $ 0.26 $ 0.25 $ 0.59 $ 0.67
Weighted average shares - diluted (in shares) 18,196 16,342 17,981 16,327
Deposit Account [Member]        
Noninterest income:        
Revenue from Contract with Customer $ 177 $ 170 $ 532 $ 521
Credit and Debit Card [Member]        
Noninterest income:        
Revenue from Contract with Customer $ 293 $ 282 $ 876 $ 848
[1] Excludes unvested restricted shares because they do not have dividend or voting rights