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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest income:        
Loans receivable $ 6,627,000 $ 4,860,000 $ 19,495,000 $ 13,751,000
Securities available for sale:        
Mortgage-backed and related 12,000 35,000 48,000 87,000
Other marketable 295,000 468,000 1,018,000 1,455,000
Cash equivalents 18,000 26,000 73,000 48,000
Other 2,000 1,000 4,000 3,000
Total interest income 6,954,000 5,390,000 20,638,000 15,344,000
Interest expense:        
Deposits 255,000 231,000 727,000 705,000
Advances and other borrowings 149,000 166,000 446,000 409,000
Total interest expense 404,000 397,000 1,173,000 1,114,000
Net interest income 6,550,000 4,993,000 19,465,000 14,230,000
Provision for loan losses 80,000 (56,000) (271,000) (239,000)
Net interest income after provision for loan losses 6,470,000 5,049,000 19,736,000 14,469,000
Non-interest income:        
Fees and service charges 901,000 863,000 2,553,000 2,489,000
Loan servicing fees 280,000 262,000 812,000 778,000
Gain on sales of loans 656,000 613,000 1,848,000 1,428,000
Other 310,000 493,000 791,000 997,000
Total non-interest income 2,147,000 2,231,000 6,004,000 5,692,000
Compensation and benefits 3,723,000 3,299,000 11,016,000 10,285,000
(Gains) losses on real estate owned (11,000) 168,000 (435,000) 121,000
Occupancy and equipment 998,000 936,000 2,994,000 2,741,000
Data processing 299,000 254,000 853,000 753,000
Professional services 252,000 273,000 871,000 782,000
Other 940,000 1,039,000 2,626,000 2,518,000
Total non-interest expense 6,201,000 5,969,000 17,925,000 17,200,000
Income before income tax expense 2,416,000 1,311,000 7,815,000 2,961,000
Income tax expense 1,002,000 491,000 3,149,000 1,095,000
Net income 1,414,000 820,000 4,666,000 1,866,000
Preferred stock dividends 0 0 0 (108,000)
Net income available to common shareholders 1,414,000 820,000 4,666,000 1,758,000
Other comprehensive income (loss), net of tax (51,000) 275,000 131,000 481,000
Comprehensive income available to common shareholders $ 1,363,000 $ 1,095,000 $ 4,797,000 $ 2,239,000
Basic earnings per share (in dollars per share) $ 0.34 $ 0.20 $ 1.12 $ 0.43
Diluted earnings per share (in dollars per share) $ 0.30 $ 0.18 $ 0.99 $ 0.38