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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income:        
Interest and fees on taxable loans $ 16,353 $ 12,717 $ 45,342 $ 35,727
Interest and fees on tax-exempt loans 411 272 1,148 791
Interest and dividends on taxable investment securities 6,511 4,653 19,536 14,163
Interest and dividends on tax-exempt investment securities 130 99 367 447
Interest on federal funds sold and other interest-earning assets 153 181 388 312
Total interest income 23,558 17,922 66,781 51,440
Interest expense:        
Demand- interest bearing 1,948 772 4,754 2,075
Money market and savings 1,308 788 3,454 2,218
Time deposits 386 312 1,121 903
Other borrowings 770 338 1,528 1,046
Total interest expense 4,412 2,210 10,857 6,242
Net interest income 19,146 15,712 55,924 45,198
Provision for loan losses 500 1,700 500
Net interest income after provision for loan losses 18,646 15,712 54,224 44,698
Non-interest income:        
Non-interest income 1,415 1,111 3,994 2,950
Gain on sales of SBA loans 816 831 2,654 2,315
Loss on sale of investment securities (1) (61)
Other non-interest income 29 44 107 130
Total non-interest income 5,131 5,778 15,434 15,085
Non-interest expenses:        
Salaries and employee benefits 11,203 9,829 32,731 27,800
Occupancy 1,975 1,772 5,976 5,239
Depreciation and amortization 1,285 1,292 4,107 3,588
Legal 276 156 916 535
Other real estate owned 378 746 881 1,704
Appraisal and other loan expenses 583 598 1,316 1,421
Advertising 290 394 916 861
Data processing 1,009 785 2,773 2,335
Insurance 181 277 690 750
Professional fees 498 454 1,476 1,389
Regulatory assessments and costs 396 355 1,258 1,008
Taxes, other 243 242 733 716
Other operating expenses 2,516 2,265 7,891 6,308
Total non-interest expense 20,833 19,165 61,664 53,654
Income before provision (benefit) for income taxes 2,944 2,325 7,994 6,129
Provision (benefit) for income taxes 622 4 1,524 (38)
Net income $ 2,322 $ 2,321 $ 6,470 $ 6,167
Net income per share:        
Basic (in dollars per share) $ 0.04 $ 0.04 $ 0.11 $ 0.11
Diluted (in dollars per share) $ 0.04 $ 0.04 $ 0.11 $ 0.11
Loan and Servicing Fees [Member]        
Non-interest income:        
Non-interest income $ 320 $ 677 $ 839 $ 1,330
Mortgage Banking [Member]        
Non-interest income:        
Non-interest income 2,580 3,159 7,948 8,551
Deposit Account [Member]        
Non-interest income:        
Non-interest income $ 1,386 $ 1,067 $ 3,887 $ 2,820