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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest income        
Loans $ 17,591 $ 14,280 $ 34,154 $ 27,806
Investment securities 430 390 798 766
Federal funds sold 514 261 761 318
Total interest income 18,535 14,931 35,713 28,890
Interest expense        
Deposits 3,524 1,739 6,263 2,989
Borrowings 399 840 797 1,942
Total interest expense 3,923 2,579 7,060 4,931
Net interest income 14,612 12,352 28,653 23,959
Provision for loan losses 400 500 900 1,000
Net interest income after provision for loan losses 14,212 11,852 27,753 22,959
Noninterest income        
Mortgage banking income 1,629 1,603 2,957 2,660
Service fees on deposit accounts 256 284 512 561
ATM and debit card income 371 290 705 552
Income from bank owned life insurance 220 183 441 366
Other income 295 202 577 475
Total noninterest income 2,771 2,562 5,192 4,614
Noninterest expenses        
Compensation and benefits 6,365 5,524 12,208 10,798
Occupancy 1,276 1,033 2,413 1,999
Outside service and data processing costs 824 823 1,560 1,568
Insurance 297 297 610 587
Professional fees 457 382 933 695
Marketing 229 196 438 407
Other 531 507 1,022 1,069
Total noninterest expenses 9,979 8,762 19,184 17,123
Income before income tax expense 7,004 5,652 13,761 10,450
Income tax expense 1,494 2,048 3,037 3,734
Net income available to common shareholders $ 5,510 $ 3,604 $ 10,724 $ 6,716
Earnings per common share        
Basic $ 0.75 $ 0.52 $ 1.46 $ 1
Diluted $ 0.71 $ 0.49 $ 1.39 $ 0.95
Weighted average common shares outstanding        
Basic 7,370,709 6,986,948 7,353,867 6,713,608
Diluted 7,751,146 7,366,208 7,739,082 7,099,381