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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest income:        
Interest and fees on taxable loans $ 15,082 $ 12,069 $ 28,989 $ 23,010
Interest and fees on tax-exempt loans 375 261 737 519
Interest and dividends on taxable investment securities 6,676 4,777 13,025 9,510
Interest and dividends on tax-exempt investment securities 128 154 237 348
Interest on federal funds sold and other interest-earning assets 63 70 235 131
Total interest income 22,324 17,331 43,223 33,518
Interest expense:        
Demand- interest bearing 1,549 695 2,806 1,303
Money market and savings 1,174 732 2,146 1,430
Time deposits 366 295 735 591
Other borrowings 573 342 758 708
Total interest expense 3,662 2,064 6,445 4,032
Net interest income 18,662 15,267 36,778 29,486
Provision for loan losses 800 500 1,200 500
Net interest income after provision for loan losses 17,862 14,767 35,578 28,986
Non-interest income:        
Non-interest income 1,369 947 2,579 1,839
Gain on sales of SBA loans 846 796 1,838 1,484
Loss on sale of investment securities (1) (61) (1) (61)
Other non-interest income 43 40 78 86
Total non-interest income 5,768 4,969 10,303 9,307
Non-interest expenses:        
Salaries and employee benefits 10,883 9,389 21,528 17,971
Occupancy 1,888 1,752 4,001 3,467
Depreciation and amortization 1,465 1,121 2,822 2,296
Legal 349 127 640 379
Other real estate owned 192 612 503 958
Appraisal and other loan expenses 455 381 733 823
Advertising 297 222 626 467
Data processing 940 765 1,764 1,550
Insurance 217 200 509 473
Professional fees 510 507 978 935
Regulatory assessments and costs 395 324 862 653
Taxes, other 245 238 490 474
Other operating expenses 2,893 2,047 5,375 4,043
Total non-interest expense 20,729 17,685 40,831 34,489
Income before provision (benefit) for income taxes 2,901 2,051 5,050 3,804
Provision (benefit) for income taxes 530 (8) 902 (42)
Net income $ 2,371 $ 2,059 $ 4,148 $ 3,846
Net income per share:        
Basic (in dollars per share) $ 0.04 $ 0.04 $ 0.07 $ 0.07
Diluted (in dollars per share) $ 0.04 $ 0.04 $ 0.07 $ 0.07
Loan and Servicing Fees [Member]        
Non-interest income:        
Non-interest income $ 372 $ 316 $ 519 $ 653
Mortgage Banking [Member]        
Non-interest income:        
Non-interest income 3,182 2,971 5,368 5,392
Deposit Account [Member]        
Non-interest income:        
Non-interest income $ 1,326 $ 907 $ 2,501 $ 1,753