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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income:    
Loans $ 9,167 $ 8,371
Securities 259 320
Other earning assets 1,117 186
Total interest income 10,543 8,877
Interest expense:    
Deposits 1,869 1,133
Borrowings and subordinated debentures 589 760
Total interest expense 2,458 1,893
Net interest income 8,085 6,984
Net interest income after provision for loan losses 8,085 6,984
Noninterest income:    
Mortgage-banking revenue 720 595
Real estate commissions 482 385
Real estate management fees 164 183
Deposit service charges 509 295
Title company revenue 217 142
Other noninterest income 168 193
Total noninterest income 2,260 1,793
Noninterest expense:    
Compensation and related expenses 4,525 4,278
Occupancy 415 344
Legal fees 49 11
Write-downs, losses, and costs of real estate acquired through foreclosure, net of gains 125 32
Federal Deposit Insurance Corporation insurance premiums 56 55
Professional fees 140 109
Advertising 187 233
Data processing 342 264
Credit report and appraisal fees 40 (6)
Licensing and software 182 121
Other noninterest expense 689 706
Total noninterest expense 6,750 6,147
Net income before income tax provision 3,595 2,630
Income tax provision 986 745
Net income 2,609 1,885
Dividends on preferred stock   (70)
Net income available to common stockholders $ 2,609 $ 1,815
Net income per common share - basic (in dollars per share) $ 0.20 $ 0.15
Net income per common share - diluted (in dollars per share) $ 0.20 $ 0.15