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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income    
Loans and leases $ 24,207 $ 19,661
Securities 1,095 856
Short-term investments 377 205
Total interest income 25,679 20,722
Interest expense    
Deposits 5,796 2,830
Federal Home Loan Bank advances and other borrowings 1,855 1,416
Junior subordinated notes 274 274
Total interest expense 7,925 4,520
Net interest income 17,754 16,202
Provision for loan and lease losses 49 2,476
Net interest income after provision for loan and lease losses 17,705 13,726
Non-interest income    
Trust and investment service fees 1,927 1,898
Gain on sale of Small Business Administration loans 242 269
Service charges on deposits 777 784
Loan fees 414 527
Increase in cash surrender value of bank-owned life insurance 292 292
Commercial loan swap fees 473 633
Other non-interest income 513 264
Total non-interest income 4,638 4,667
Non-interest expense    
Compensation 10,165 9,071
Occupancy 590 529
Professional fees 1,210 1,035
Data processing 581 611
Marketing 482 333
Equipment 389 343
Computer software 799 742
FDIC insurance 293 299
Collateral liquidation costs (91) 1
Impairment of tax credit investments 2,014 113
SBA recourse provision 481 (295)
Other non-interest expense 829 1,125
Total non-interest expense 17,742 13,907
Income before income tax (benefit) expense 4,601 4,486
Income tax (benefit) expense (1,298) 837
Net income $ 5,899 $ 3,649
Earnings per common share    
Basic $ 0.67 $ 0.42
Diluted 0.67 0.42
Dividends declared per share $ 0.15 $ 0.14