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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest income:    
Loans $ 8,371,000 $ 7,131,000
Securities 320,000 269,000
Other earning assets 186,000 157,000
Total interest income 8,877,000 7,557,000
Interest expense:    
Deposits 1,133,000 975,000
Long-term borrowings and subordinated debentures 760,000 996,000
Total interest expense 1,893,000 1,971,000
Net interest income 6,984,000 5,586,000
Reversal of provision for loan losses   (275,000)
Net interest income after reversal of provision for loan losses 6,984,000 5,861,000
Noninterest income:    
Mortgage-banking revenue 595,000 535,000
Real estate commissions 385,000 380,000
Real estate management fees 183,000 194,000
Credit report and appraisal fees 76,000 70,000
Deposit service charges 295,000 34,000
Title company revenue 142,000  
Other noninterest income 193,000 145,000
Total noninterest income 1,869,000 1,358,000
Noninterest expense:    
Compensation and related expenses 4,278,000 3,757,000
Occupancy 344,000 336,000
Legal fees 11,000 28,000
Write-downs, losses, and costs of real estate acquired through foreclosure, net 32,000 33,000
Federal Deposit Insurance Corporation insurance premiums 55,000 (2,000)
Professional fees 109,000 135,000
Advertising 233,000 206,000
Data processing 264,000 196,000
Credit report and appraisal fees 70,000 103,000
Licensing and software 121,000 75,000
Mortgage leads purchased   95,000
Other noninterest expense 706,000 713,000
Total noninterest expense 6,223,000 5,675,000
Net income before income tax provision 2,630,000 1,544,000
Income tax provision 745,000 619,000
Net income 1,885,000 925,000
Dividends on preferred stock (70,000) (70,000)
Net income available to common stockholders $ 1,815,000 $ 855,000
Net income per common share - basic (in dollars per share) $ 0.15 $ 0.07
Net income per common share - diluted (in dollars per share) $ 0.15 $ 0.07