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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Interest Income    
Loans, including fees $ 29,262 $ 29,734
Securities, taxable 1,149 1,104
Other 339 315
Total interest income 30,750 31,153
Interest Expense    
Deposits 4,033 4,050
Borrowings and subordinated debentures 4,528 4,942
Total interest expense 8,561 8,992
Net interest income 22,189 22,161
Provision for loan losses (350) (280)
Net interest income after provision for loan losses 22,539 22,441
Non-Interest Income    
Mortgage banking activities 3,654 3,764
Real estate commissions 1,529 1,319
Real estate management fees 738 658
Other 1,150 1,205
Total non-interest income 7,071 6,946
Non-Interest Expenses    
Compensation and related expenses 15,425 15,630
Occupancy 1,858 1,676
Foreclosed real estate expenses, net 194 230
Legal 264 354
FDIC assessments and regulatory expense 582 1,234
Professional fees 905 887
Advertising 703 760
Data processing 747 864
Mortgage leads purchased 710 836
Credit reports and appraisal fees 651 773
Other 2,045 1,518
Total non-interest expenses 24,084 24,762
Income before income tax (benefit) provision 5,526 4,625
Income tax (benefit) provision (10,014) 90
Net income 15,540 4,535
Amortization of discount on preferred stock 270 271
Dividends on preferred stock 1,441 2,105
Net income available to common stockholders $ 13,829 $ 2,159
Basic income per common share (in dollars per share) $ 1.20 $ 0.21
Diluted income per common share (in dollars per share) $ 1.19 $ 0.21