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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest income    
Loans $ 13,526 $ 11,795
Investment securities 376 489
Federal funds sold 57 45
Total interest income 13,959 12,329
Interest expense    
Deposits 1,249 988
Borrowings 1,103 1,034
Total interest expense 2,352 2,022
Net interest income 11,607 10,307
Provision for loan losses 500 625
Net interest income after provision for loan losses 11,107 9,682
Noninterest income    
Mortgage banking income 1,057 1,447
Service fees on deposit accounts 278 220
Income from bank owned life insurance 183 186
Gain on sale of investment securities 307
Other income 533 399
Total noninterest income 2,051 2,559
Noninterest expenses    
Compensation and benefits 5,273 4,551
Occupancy 967 870
Real estate owned expenses 13 285
Outside service and data processing costs 745 598
Insurance 289 233
Professional fees 313 254
Marketing 210 231
Other 550 495
Total noninterest expenses 8,360 7,517
Income before income tax expense 4,798 4,724
Income tax expense 1,686 1,718
Net income available to common shareholders $ 3,112 $ 3,006
Earnings per common share    
Basic $ 0.48 $ 0.48
Diluted $ 0.46 $ 0.45
Weighted average common shares outstanding    
Basic 6,437,231 6,272,847
Diluted 6,829,590 6,663,432