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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income    
Loans $ 23,367 $ 20,889
Investment securities 396 549
Federal funds sold and interest-bearing deposits with banks 103 174
Total interest income 23,866 21,612
Interest expense    
Deposits 5,174 5,375
Borrowings 594 419
Total interest expense 5,768 5,794
Net interest income 18,098 15,818
Provision for loan losses 6,000 300
Net interest income after provision for loan losses 12,098 15,518
Noninterest income    
Mortgage banking income 2,668 1,857
Service fees on deposit accounts 262 265
ATM and debit card income 398 380
Income from bank owned life insurance 270 216
Other income 318 276
Total noninterest income 3,916 2,994
Noninterest expenses    
Compensation and benefits 7,871 6,783
Occupancy 1,536 1,339
Outside service and data processing costs 1,192 960
Insurance 320 318
Professional fees 497 439
Marketing 258 260
Other 698 549
Total noninterest expenses 12,372 10,648
Income before income tax expense 3,642 7,864
Income tax expense 810 1,855
Net income available to common shareholders $ 2,832 $ 6,009
Earnings per common share    
Basic $ 0.37 $ 0.81
Diluted $ 0.36 $ 0.78
Weighted average common shares outstanding    
Basic 7,678,598 7,459,342
Diluted 7,827,173 7,741,860