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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income:        
Loans $ 8,844 $ 7,742 $ 25,731 $ 22,267
Securities 293 330 920 927
Other earning assets 423 167 787 498
Total interest income 9,560 8,239 27,438 23,692
Interest expense:        
Deposits 1,531 1,011 3,938 2,924
Borrowings and subordinated debentures 684 897 2,244 2,844
Total interest expense 2,215 1,908 6,182 5,768
Net interest income 7,345 6,331 21,256 17,924
Reversal of provision for loan losses (300)   (300) (650)
Net interest income after reversal of provision for loan losses 7,645 6,331 21,556 18,574
Noninterest income:        
Mortgage-banking revenue 740 334 1,970 1,150
Real estate commissions 408 311 1,153 959
Real estate management fees 157 197 527 513
Credit report and appraisal fees 83 137 283 390
Deposit service charges 426 190 1,067 265
Title company revenue 316 48 751 48
Other noninterest income 214 182 654 437
Total noninterest income 2,344 1,399 6,405 3,762
Noninterest expense:        
Compensation and related expenses 4,661 3,288 13,359 10,719
Occupancy 416 354 1,151 1,015
Legal fees 37 41 79 104
Write-downs, losses, and costs of real estate acquired through foreclosure, net of gains 7 126 21 166
Federal Deposit Insurance Corporation insurance premiums 58 69 171 133
Professional fees 109 124 323 377
Advertising 302 198 751 649
Data processing 286 237 805 661
Credit report and appraisal fees 182 203 423 478
Licensing and software 129 152 407 326
Mortgage leads purchased   48   234
Other noninterest expense 853 681 2,250 2,158
Total noninterest expense 7,040 5,521 19,740 17,020
Net income before income tax provision 2,949 2,209 8,221 5,316
Income tax provision 784 950 2,253 2,150
Net income 2,165 1,259 5,968 3,166
Dividends on preferred stock   (70) (70) (210)
Net income available to common stockholders $ 2,165 $ 1,189 $ 5,898 $ 2,956
Net income per common share - basic (in dollars per share) $ 0.17 $ 0.10 $ 0.47 $ 0.24
Net income per common share - diluted (in dollars per share) $ 0.17 $ 0.10 $ 0.47 $ 0.24