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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest and dividend income    
Loans and leases, including fees $ 7,490 $ 4,867
Securities 42 43
FHLB and FRB stock dividends 54 47
Federal funds sold and other 355 147
Total interest and dividend income 7,941 5,104
Interest expense    
Deposits 2,433 1,042
FHLB advances and other debt 151 92
Subordinated debentures 257 59
Total interest expense 2,841 1,193
Net interest income 5,100 3,911
Provision for loan and lease losses
Net interest income after provision for loan losses 5,100 3,911
Noninterest income    
Service charges on deposit accounts 124 118
Net gains on sales of loans 1,503 308
Earnings on bank owned life insurance 34 33
Other 33 22
Total noninterest income 1,694 481
Noninterest expense    
Salaries and employee benefits 2,501 1,897
Occupancy and equipment 218 167
Data processing 316 231
Franchise and other taxes 106 102
Professional fees 288 250
Director fees 131 97
Postage, printing and supplies 67 49
Advertising and marketing 626 267
Telephone 45 32
Loan expenses 46 15
Foreclosed assets, net (9)  
Depreciation 71 59
FDIC premiums 152 88
Regulatory assessment 42 34
Other insurance 23 22
Other 71 104
Total noninterest expense 4,694 3,414
Income before incomes taxes 2,100 978
Income tax expense 419 186
Net income 1,681 792
Accretion of discount and value of warrants exercised related to Series B preferred stock 26 (26)
Net income attributable to common stockholders $ 1,707 $ 766
Earnings per common share:    
Basic (Restated - See Note 1) $ 0.39 $ 0.18
Diluted (Restated - See Note 1) $ 0.39 $ 0.17