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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Loans $ 8,338 $ 9,167
Securities 219 259
Other earning assets 359 1,117
Total interest income 8,916 10,543
Interest expense:    
Deposits 1,797 1,869
Borrowings and subordinated debentures 364 589
Total interest expense 2,161 2,458
Net interest income 6,755 8,085
Provision for loan losses 750  
Net interest income after provision for loan losses 6,005 8,085
Noninterest income:    
Mortgage-banking revenue 1,634 720
Real estate commissions 310 482
Real estate management fees 165 164
Deposit service charges 561 509
Title company revenue 238 217
Other noninterest income 117 168
Total noninterest income 3,025 2,260
Noninterest expense:    
Compensation and related expenses 5,461 4,525
Occupancy 518 415
Legal fees 166 49
Write-downs, losses, and costs of real estate acquired through foreclosure, net of gains 74 125
Federal Deposit Insurance Corporation insurance premiums   56
Professional fees 303 140
Advertising 220 187
Data processing 460 342
Credit report and appraisal fees 67 40
Licensing and software 218 182
Loss on disposal of premises and equipment 76  
Other noninterest expense 689 689
Total noninterest expense 8,252 6,750
Net income before income tax provision 778 3,595
Income tax provision 213 986
Net income $ 565 $ 2,609
Net income per common share - basic (in dollars per share) $ 0.04 $ 0.20
Net income per common share - diluted (in dollars per share) $ 0.04 $ 0.20