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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest and dividend income        
Loans and leases, including fees $ 5,616 $ 4,040 $ 10,483 $ 7,719
Securities 47 47 90 95
FHLB and FRB stock dividends 48 41 95 63
Federal funds sold and other 156 56 303 164
Total interest and dividend income 5,867 4,184 10,971 8,041
Interest expense        
Deposits 1,288 664 2,330 1,344
FHLB advances and other debt 165 66 257 127
Subordinated debentures 67 52 126 102
Total interest expense 1,520 782 2,713 1,573
Net interest income 4,347 3,402 8,258 6,468
Provision for loan and lease losses
Net interest income after provision for loan losses 4,347 3,402 8,258 6,468
Noninterest income        
Service charges on deposit accounts 118 95 236 184
Net gains on sales of loans 509 24 817 47
Earnings on bank owned life insurance 35 34 68 67
Other 70 24 92 45
Total noninterest income 732 177 1,213 343
Noninterest expense        
Salaries and employee benefits 2,013 1,492 3,910 2,906
Occupancy and equipment 182 181 349 333
Data processing 227 301 458 578
Franchise and other taxes 103 85 205 176
Professional fees 254 228 504 476
Director fees 98 73 195 142
Postage, printing and supplies 52 49 101 92
Advertising and marketing 370 32 637 49
Telephone 38 28 70 60
Loan expenses 28 41 43 79
Foreclosed assets, net   11   18
Depreciation 62 50 121 101
FDIC premiums 99 86 187 157
Regulatory assessment 35 32 69 64
Other insurance 19 23 41 49
Other 90 41 194 93
Total noninterest expense 3,670 2,753 7,084 5,373
Income before incomes taxes 1,409 826 2,387 1,438
Income tax expense 279 270 465 478
Net income 1,130 556 1,922 960
Dividends on Series B preferred stock and accretion of discount (12) (215) (38) (429)
Net income attributable to common stockholders $ 1,118 $ 341 $ 1,884 $ 531
Earnings per common share:        
Basic $ 0.05 $ 0.02 $ 0.08 $ 0.03
Diluted $ 0.05 $ 0.02 $ 0.08 $ 0.03