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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
INTEREST INCOME      
Federal funds sold, interest-bearing deposits and repos $ 773 $ 851 $ 214
FHLB stock 462 370 245
Securities:      
Taxable 1,907 2,029 1,698
Tax-exempt 117 159 204
Total securities 2,024 2,188 1,902
Loans:      
SBA loans 4,338 3,805 3,181
Commercial loans 33,886 28,150 25,256
Residential mortgage loans 18,837 14,650 12,205
Consumer loans 6,943 5,296 4,021
Total loans 64,004 51,901 44,663
Total interest income 67,263 55,310 47,024
INTEREST EXPENSE      
Interest-bearing demand deposits 1,202 665 537
Savings deposits 3,871 2,738 1,742
Time deposits 5,903 3,278 3,670
Borrowed funds and subordinated debentures 2,540 2,772 2,818
Total interest expense 13,516 9,453 8,767
Net interest income 53,747 45,857 38,257
Provision for loan losses 2,050 1,650 1,220
Net interest income after provision for loan losses 51,697 44,207 37,037
NONINTEREST INCOME      
Branch fee income 1,519 1,384 1,269
Service and loan fee income 2,130 2,100 1,020
Gain on sale of SBA loans held for sale, net 1,680 1,617 2,099
Gain on sale of mortgage loans, net 1,719 1,530 2,621
BOLI income 975 469 378
Net security (losses) gains (199) 62 424
Gain on repurchase of subordinated debt 0 0 2,264
Other income 1,207 1,108 985
Total noninterest income 9,031 8,270 11,060
NONINTEREST EXPENSE      
Compensation and benefits 20,119 17,117 14,952
Occupancy 2,739 2,381 2,360
Processing and communications 2,788 2,551 2,628
Furniture and equipment 2,348 2,079 1,700
Professional services 934 1,022 976
Loan collection and OREO (recoveries) expenses (288) 463 654
Other loan expenses 135 186 152
Deposit insurance 782 546 713
Advertising 1,411 1,179 1,095
Director fees 671 637 559
Other expenses 1,782 1,883 1,842
Total noninterest expense 33,421 30,044 27,631
Income before provision for income taxes 27,307 22,433 20,466
Provision for income taxes 5,388 9,540 7,257
Net income $ 21,919 $ 12,893 $ 13,209
Net income per common share - Basic (in dollars per share) $ 2.04 $ 1.22 $ 1.40
Net income per common share - Diluted (in dollars per share) $ 2.01 $ 1.20 $ 1.38
Weighted average common shares outstanding - Basic (in shares) 10,726 10,558 9,416
Weighted average common shares outstanding - Diluted (in shares) 10,916 10,749 9,572