XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest income:        
Interest and fees on loans $ 13,448 $ 13,013 $ 39,010 $ 37,891
Interest on taxable securities 1,284 1,609 4,195 5,106
Interest on tax-exempt securities 457 271 1,151 986
Interest on interest-bearing deposits in other banks 29 308 204 772
Total interest income 15,218 15,201 44,560 44,755
Interest expense:        
Interest on demand - interest-bearing 71 117 256 372
Interest on money market 289 451 1,009 1,120
Interest on savings 74 131 287 365
Interest on certificates of deposit 420 491 1,351 1,478
Interest on Federal Home Loan Bank of San Francisco borrowings 0 0 5 247
Interest on other borrowings 184 183 552 623
Interest on junior subordinated debentures 50 106 201 329
Total interest expense 1,088 1,479 3,661 4,534
Net interest income 14,130 13,722 40,899 40,221
Provision for loan and lease losses 1,100 0 5,250 0
Net interest income after provision for loan and lease losses 13,030 13,722 35,649 40,221
Noninterest income:        
Payroll and benefit processing fees 152 158 465 486
Life insurance 125 126 396 410
Gain on sale of investment securities, net 258 12 482 137
Federal Home Loan Bank of San Francisco dividends 109 131 275 376
(Loss) gain on sale of OREO 0 0 (23) 41
Other income 106 109 150 305
Total noninterest income 1,189 1,006 3,036 3,163
Noninterest expense:        
Salaries and related benefits 5,126 5,005 15,978 15,880
Premises and equipment 951 933 2,631 2,836
FDIC insurance premium 101 (104) 227 91
Data processing 581 582 1,697 1,796
Professional services 342 392 1,145 1,230
Telecommunications 157 194 484 547
Acquisition and merger 0 (113) 0 2,193
Other expenses 1,132 1,411 4,281 4,261
Total noninterest expense 8,390 8,300 26,443 28,834
Income before provision for income taxes 5,829 6,428 12,242 14,550
Provision for income taxes 1,500 1,786 3,150 3,958
Net income $ 4,329 $ 4,642 $ 9,092 $ 10,592
Earnings per share - basic (in dollars per share) $ 0.26 $ 0.26 $ 0.53 $ 0.59
Weighted average shares - basic (in shares) [1] 16,660 18,130 17,004 17,918
Earnings per share - diluted (in dollars per share) $ 0.26 $ 0.26 $ 0.53 $ 0.59
Weighted average shares - diluted (in shares) 16,696 18,196 17,044 17,981
Deposit Account [Member]        
Noninterest income:        
Revenue from Contract with Customer $ 142 $ 177 $ 463 $ 532
Credit and Debit Card [Member]        
Noninterest income:        
Revenue from Contract with Customer $ 297 $ 293 $ 828 $ 876
[1] Excludes unvested restricted shares because they do not have dividend or voting rights