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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest income:      
Loans receivable $ 25,900 $ 19,389 $ 18,987
Securities available for sale:      
Mortgage-backed and related 58 116 164
Other marketable 1,289 1,881 1,269
Cash equivalents 96 63 189
Other 6 4 4
Total interest income 27,349 21,453 20,613
Interest expense:      
Deposits 1,002 934 1,211
Federal Home Loan Bank advances and other borrowings 591 573 0
Total interest expense 1,593 1,507 1,211
Net interest income 25,756 19,946 19,402
Provision for loan losses (645) (164) (6,998)
Net interest income after provision for loan losses 26,401 20,110 26,400
Non-interest income:      
Fees and service charges 3,427 3,316 3,458
Loan servicing fees 1,108 1,046 1,058
Gain on sales of loans 2,618 1,964 1,828
Other 1,048 1,327 940
Total non-interest income 8,201 7,653 7,284
Compensation and benefits 14,764 13,733 13,332
(Gains) losses on real estate owned (596) 218 (1,194)
Occupancy and equipment 4,041 3,722 3,691
Data processing 1,161 1,020 1,011
Professional services 1,257 1,108 1,216
Other 3,503 3,395 3,347
Total non-interest expense 24,130 23,196 21,403
Income before income tax expense 10,472 4,567 12,281
Income tax expense 4,122 1,611 4,902
Net income 6,350 2,956 7,379
Preferred stock dividends 0 (108) (1,710)
Net income available to common shareholders 6,350 2,848 5,669
Other comprehensive (loss) income, net of tax (606) 204 256
Comprehensive income available to common shareholders $ 5,744 $ 3,052 $ 5,925
Basic earnings per common share (in dollars per share) $ 1.52 $ 0.69 $ 1.40
Diluted earnings per common share (in dollars per share) $ 1.34 $ 0.61 $ 1.23