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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest income:        
Loans $ 8,516,000 $ 7,394,000 $ 16,887,000 $ 14,525,000
Securities 307,000 328,000 627,000 597,000
Other earning assets 178,000 174,000 364,000 331,000
Total interest income 9,001,000 7,896,000 17,878,000 15,453,000
Interest expense:        
Deposits 1,274,000 938,000 2,407,000 1,913,000
Borrowings and subordinated debentures 800,000 951,000 1,560,000 1,947,000
Total interest expense 2,074,000 1,889,000 3,967,000 3,860,000
Net interest income 6,927,000 6,007,000 13,911,000 11,593,000
Reversal of provision for loan losses   (375,000)   (650,000)
Net interest income after reversal of provision for loan losses 6,927,000 6,382,000 13,911,000 12,243,000
Noninterest income:        
Mortgage-banking revenue 635,000 281,000 1,230,000 816,000
Real estate commissions 360,000 268,000 745,000 648,000
Real estate management fees 187,000 122,000 370,000 316,000
Credit report and appraisal fees 124,000 191,000 200,000 261,000
Deposit service charges 346,000 41,000 641,000 75,000
Title company revenue 293,000   435,000  
Other noninterest income 247,000 102,000 440,000 247,000
Total noninterest income 2,192,000 1,005,000 4,061,000 2,363,000
Noninterest expense:        
Compensation and related expenses 4,420,000 3,674,000 8,698,000 7,431,000
Occupancy 391,000 325,000 735,000 661,000
Legal fees 31,000 35,000 42,000 63,000
Write-downs, losses, and costs of real estate acquired through foreclosure, net of (recoveries) (18,000) 7,000 14,000 40,000
Federal Deposit Insurance Corporation insurance premiums 58,000 66,000 113,000 64,000
Professional fees 105,000 118,000 214,000 253,000
Advertising 216,000 245,000 449,000 451,000
Data processing 255,000 228,000 519,000 424,000
Credit report and appraisal fees 171,000 172,000 241,000 275,000
Licensing and software 157,000 100,000 278,000 175,000
Mortgage leads purchased   91,000   186,000
Other noninterest expense 691,000 763,000 1,397,000 1,476,000
Total noninterest expense 6,477,000 5,824,000 12,700,000 11,499,000
Net income before income tax provision 2,642,000 1,563,000 5,272,000 3,107,000
Income tax provision 724,000 581,000 1,469,000 1,200,000
Net income 1,918,000 982,000 3,803,000 1,907,000
Dividends on preferred stock   (70,000) (70,000) (140,000)
Net income available to common stockholders $ 1,918,000 $ 912,000 $ 3,733,000 $ 1,767,000
Net income per common share - basic (in dollars per share) $ 0.15 $ 0.08 $ 0.30 $ 0.15
Net income per common share - diluted (in dollars per share) $ 0.15 $ 0.07 $ 0.30 $ 0.14