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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest income    
Interest and fees on taxable loans $ 10,941 $ 9,717
Interest and fees on tax-exempt loans 258 214
Interest and dividends on taxable investment securities 4,733 2,594
Interest and dividends on tax-exempt investment securities 194 174
Interest on federal funds sold and other interest-earning assets 61 63
Total interest income 16,187 12,762
Interest expense    
Demand-interest bearing 608 415
Money market and savings 698 609
Time deposits 296 141
Other borrowings 366 306
Total interest expense 1,968 1,471
Net interest income 14,219 11,291
Provision for loan losses 300
Net interest income after provision for loan losses 14,219 10,991
Non-interest income    
Loan advisory and servicing fees 337 603
Mortgage banking income 2,421
Gain on sales of SBA loans 688 833
Service fees on deposit accounts 846 570
Gain on sale of investment securities 296
Net securities impairment losses recognized in earnings (1)
Other non-interest income (46) (111)
Total non-interest income 4,338 2,412
Non-interest expenses    
Salaries and employee benefits 8,582 6,052
Occupancy 1,715 1,405
Depreciation and amortization 1,175 969
Legal 252 88
Other real estate owned 346 585
Advertising 245 129
Data processing 785 467
Insurance 273 206
Professional fees 428 360
Regulatory assessments and costs 329 342
Taxes, other 236 24
Other operating expenses 2,438 1,716
Total non-interest expense 16,804 12,343
Income before benefit for income taxes 1,753 1,060
Benefit for income taxes (34) (25)
Net income $ 1,787 $ 1,085
Net income per share    
Basic (in dollars per share) $ 0.03 $ 0.03
Diluted (in dollars per share) $ 0.03 $ 0.03