XML 20 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements Of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Interest and dividend income    
Loans and leases, including fees $ 23,855 $ 16,487
Securities 185 183
FHLB and FRB stock dividends 196 154
Federal funds sold and other 650 383
Total interest and dividend income 24,886 17,207
Interest expense    
Deposits 6,102 3,059
FHLB advances and other debt 611 263
Subordinated debentures 284 212
Total interest expense 6,997 3,534
Net interest income 17,889 13,673
Provision for loan and lease losses
Net interest income after provision for loan and lease losses 17,889 13,673
Noninterest income    
Service charges on deposit accounts 491 409
Net gains on sales of loans 1,927 75
Earnings on bank owned life insurance 138 135
Other 160 124
Total noninterest income 2,716 743
Noninterest expense    
Salaries and employee benefits 8,199 6,074
Occupancy and equipment 792 671
Data processing 1,027 995
Franchise and other taxes 345 366
Professional fees 1,275 988
Director fees 413 312
Postage, printing and supplies 189 175
Advertising and marketing 1,393 154
Telephone 158 118
Loan expenses 116 170
Foreclosed assets, net 6 18
Depreciation 248 208
FDIC premiums 485 282
Regulatory assessment 146 127
Other insurance 86 92
Other 397 205
Total noninterest expense 15,275 10,955
Income before incomes taxes 5,330 3,461
Income tax expense 1,057 2,115
Net income 4,273 1,346
Dividends on Series B preferred stock, accretion of discount and value of warrants exercised 62 (666)
Net income attributable to common stockholders $ 4,335 $ 680
Earnings per common share:    
Basic (Restated-see Note 1) $ 1.02 $ 0.21
Diluted (Restated-see Note 1) $ 1.00 $ 0.19