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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income:        
Loans receivable $ 6,774,000 $ 4,537,000 $ 12,868,000 $ 8,891,000
Securities available for sale:        
Mortgage-backed and related 16,000 24,000 36,000 52,000
Other marketable 351,000 501,000 723,000 987,000
Cash equivalents 17,000 7,000 55,000 22,000
Other 1,000 1,000 2,000 2,000
Total interest income 7,159,000 5,070,000 13,684,000 9,954,000
Interest expense:        
Deposits 246,000 226,000 472,000 474,000
Advances and other borrowings 149,000 165,000 297,000 243,000
Total interest expense 395,000 391,000 769,000 717,000
Net interest income 6,764,000 4,679,000 12,915,000 9,237,000
Provision for loan losses 381,000 (183,000) (351,000) (183,000)
Net interest income after provision for loan losses 6,383,000 4,862,000 13,266,000 9,420,000
Non-interest income:        
Fees and service charges 873,000 844,000 1,652,000 1,626,000
Loan servicing fees 271,000 257,000 532,000 516,000
Losses on sales of investments (9,000) 0 (9,000) 0
Gain on sales of loans 705,000 530,000 1,192,000 815,000
Other 262,000 236,000 490,000 504,000
Total non-interest income 2,102,000 1,867,000 3,857,000 3,461,000
Compensation and benefits 3,598,000 3,540,000 7,293,000 6,986,000
(Gains) losses on real estate owned (75,000) 65,000 (424,000) (47,000)
Occupancy and equipment 1,006,000 926,000 1,996,000 1,805,000
Data processing 281,000 268,000 554,000 499,000
Professional services 368,000 293,000 619,000 509,000
Other 855,000 708,000 1,686,000 1,479,000
Total non-interest expense 6,033,000 5,800,000 11,724,000 11,231,000
Income before income tax expense 2,452,000 929,000 5,399,000 1,650,000
Income tax expense 974,000 344,000 2,147,000 604,000
Net income 1,478,000 585,000 3,252,000 1,046,000
Preferred stock dividends 0 0 0 (108,000)
Net income available to common shareholders 1,478,000 585,000 3,252,000 938,000
Other comprehensive income (loss), net of tax 44,000 (189,000) 182,000 206,000
Comprehensive income available to common shareholders $ 1,522,000 $ 396,000 $ 3,434,000 $ 1,144,000
Basic earnings per common share (in dollars per share) $ 0.35 $ 0.14 $ 0.78 $ 0.23
Diluted earnings per common share (in dollars per share) $ 0.31 $ 0.13 $ 0.69 $ 0.20