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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income:        
Interest and fees on loans $ 13,224 $ 12,847 $ 25,562 $ 24,878
Interest on taxable securities 1,329 1,733 2,911 3,497
Interest on tax-exempt securities 423 328 694 715
Interest on interest-bearing deposits in other banks 21 219 175 464
Total interest income 14,997 15,127 29,342 29,554
Interest expense:        
Interest on demand - interest-bearing 85 129 185 255
Interest on money market 317 380 720 669
Interest on savings 95 123 213 234
Interest on certificates of deposit 467 497 931 987
Interest on Federal Home Loan Bank of San Francisco borrowings 5 192 5 247
Interest on other borrowings 184 201 368 440
Interest on junior subordinated debentures 61 110 151 223
Total interest expense 1,214 1,632 2,573 3,055
Net interest income 13,783 13,495 26,769 26,499
Provision for loan and lease losses 1,300 0 4,150 0
Net interest income after provision for loan and lease losses 12,483 13,495 22,619 26,499
Noninterest income:        
Payroll and benefit processing fees 143 157 313 328
Life insurance 148 155 271 284
Gain on sale of investment securities, net 140 33 224 125
Federal Home Loan Bank of San Francisco dividends 36 124 166 245
Gain (loss) on sale of OREO 0 18 (23) 41
Other income 73 108 44 196
Total noninterest income 955 1,100 1,847 2,157
Noninterest expense:        
Salaries and related benefits 4,965 5,146 10,852 10,875
Premises and equipment 826 928 1,680 1,903
FDIC insurance premium 90 95 126 195
Data processing 585 638 1,116 1,214
Professional services 469 535 803 838
Telecommunications 156 180 327 353
Acquisition and merger 0 376 0 2,306
Other expenses 1,179 1,713 3,149 2,850
Total noninterest expense 8,270 9,611 18,053 20,534
Income before provision for income taxes 5,168 4,984 6,413 8,122
Provision for income taxes 1,321 1,340 1,650 2,172
Net income $ 3,847 $ 3,644 $ 4,763 $ 5,950
Earnings per share - basic (in dollars per share) $ 0.23 $ 0.20 $ 0.28 $ 0.33
Weighted average shares - basic (in shares) [1] 16,660 18,134 17,178 17,816
Earnings per share - diluted (in dollars per share) $ 0.23 $ 0.20 $ 0.28 $ 0.33
Weighted average shares - diluted (in shares) 16,689 18,194 17,217 17,878
Deposit Account [Member]        
Noninterest income:        
Revenue from Contract with Customer $ 152 $ 187 $ 321 $ 355
Credit and Debit Card [Member]        
Noninterest income:        
Revenue from Contract with Customer $ 263 $ 318 $ 531 $ 583
[1] Excludes unvested restricted shares because they do not have dividend or voting rights