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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income        
Loans $ 22,098 $ 17,591 $ 42,988 $ 34,154
Investment securities 539 430 1,087 798
Federal funds sold 451 514 625 761
Total interest income 23,088 18,535 44,700 35,713
Interest expense        
Deposits 6,175 3,524 11,550 6,263
Borrowings 374 399 793 797
Total interest expense 6,549 3,923 12,343 7,060
Net interest income 16,539 14,612 32,357 28,653
Provision for loan losses 300 400 600 900
Net interest income after provision for loan losses 16,239 14,212 31,757 27,753
Noninterest income        
Mortgage banking income 2,830 1,629 4,687 2,957
Service fees on deposit accounts 265 256 530 512
ATM and debit card income 443 371 823 705
Income from bank owned life insurance 222 220 438 441
Other income 330 295 606 577
Total noninterest income 4,090 2,771 7,084 5,192
Noninterest expenses        
Compensation and benefits 7,399 6,365 14,182 12,208
Occupancy 1,343 1,276 2,682 2,413
Outside service and data processing costs 1,045 824 2,005 1,560
Insurance 280 297 598 610
Professional fees 414 457 853 933
Marketing 236 229 496 438
Other 651 531 1,200 1,022
Total noninterest expenses 11,368 9,979 22,016 19,184
Income before income tax expense 8,961 7,004 16,825 13,761
Income tax expense 1,721 1,494 3,576 3,037
Net income available to common shareholders $ 7,240 $ 5,510 $ 13,249 $ 10,724
Earnings per common share        
Basic $ 0.97 $ 0.75 $ 1.77 $ 1.46
Diluted $ 0.93 $ 0.71 $ 1.71 $ 1.39
Weighted average common shares outstanding        
Basic 7,495,508 7,370,709 7,477,525 7,353,867
Diluted 7,755,821 7,751,146 7,748,879 7,739,082