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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Interest and fees on loans $ 12,338 $ 12,031
Interest on taxable securities 1,582 1,764
Interest on tax-exempt securities 271 387
Interest on interest-bearing deposits in other banks 154 245
Total interest income 14,345 14,427
Interest expense:    
Interest on demand - interest-bearing 100 126
Interest on money market 403 289
Interest on savings 118 111
Interest on certificates of deposit 464 490
Interest on Federal Home Loan Bank of San Francisco borrowings 55
Interest on other borrowings 184 239
Interest on junior subordinated debentures 90 113
Total interest expense 1,359 1,423
Net interest income 12,986 13,004
Provision for loan and lease losses 2,850
Net interest income after provision for loan and lease losses 10,136 13,004
Noninterest income:    
Payroll and benefit processing fees 170 171
Life insurance 123 129
Gain on sale of investment securities, net 84 92
Federal Home Loan Bank of San Francisco dividends 130 121
(Loss) gain on sale of OREO (23) 23
Other (loss) income (29) 87
Total noninterest income 892 1,057
Noninterest expense:    
Salaries and related benefits 5,887 5,729
Premises and equipment 854 975
Federal Deposit Insurance Corporation insurance premium 36 100
Data processing 531 576
Professional services 334 303
Telecommunications 171 173
Acquisition and merger 1,930
Other expenses 1,970 1,137
Total noninterest expense 9,783 10,923
Income before provision for income taxes 1,245 3,138
Provision for income taxes 329 832
Net income $ 916 $ 2,306
Earnings per share - basic (in dollars per share) $ 0.05 $ 0.13
Weighted average shares - basic (in shares) [1] 17,695 17,489
Earnings per share - diluted (in dollars per share) $ 0.05 $ 0.13
Weighted average shares - diluted (in shares) 17,747 17,552
Deposit Account [Member]    
Noninterest income:    
Revenue from Contract with Customer $ 169 $ 169
Credit and Debit Card [Member]    
Noninterest income:    
Revenue from Contract with Customer $ 268 $ 265
[1] Excludes unvested restricted shares because they do not have dividend or voting rights