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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Interest income:    
Loans $ 30,294 $ 29,262
Securities 1,233 1,149
Other earning assets 697 339
Total interest income 32,224 30,750
Interest expense:    
Deposits 4,037 4,033
Long-term borrowings and subordinated debentures 3,593 4,528
Total interest expense 7,630 8,561
Net interest income 24,594 22,189
Reversal of provision for loan losses (650) (350)
Net interest income after reversal of provision for loan losses 25,244 22,539
Noninterest income:    
Mortgage-banking revenue 1,507 3,654
Real estate commissions 1,358 1,529
Real estate management fees 675 738
Credit report and appraisal fees 464 380
Deposit service charges 538 227
Other noninterest income 696 543
Total noninterest income 5,238 7,071
Noninterest expense:    
Compensation and related expenses 14,734 15,425
Occupancy 1,358 1,858
Legal fees 143 264
Write-downs, losses, and costs of real estate acquired through foreclosure, net 132 194
Federal Deposit Insurance Corporation insurance premiums 115 582
Professional fees 462 905
Advertising 788 703
Data processing 907 747
Credit reports and appraisal fees 594 651
Licensing and software 423 453
Mortgage leads purchased 235 710
Other noninterest expense 2,751 1,592
Total noninterest expense 22,642 24,084
Net income before income tax provision (benefit) 7,840 5,526
Income tax provision (benefit) 5,022 (10,014)
Net income 2,818 15,540
Amortization of discount on Series B preferred stock 0 (781)
Dividends on preferred stock (280) (1,441)
Net income available to common stockholders $ 2,538 $ 13,318
Net income per common share - basic (in dollars per share) $ 0.21 $ 1.16
Net income per common share - diluted (in dollars per share) $ 0.21 $ 1.15