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Consolidated Statements of Operations - 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, including fees $ 13,977 $ 12,956 $ 27,797 $ 25,716
Securities 546 357 1,010 706
Other 497 336 961 589
Total interest income 15,020 13,649 29,768 27,011
Interest expense        
Deposits 1,829 1,304 3,354 2,484
Borrowings 210 152 412 248
Borrowings 2,039 1,456 3,766 2,732
Net interest income 12,981 12,193 26,002 24,279
Provision for (recovery of) loan losses 23 49 (235) 210
Net interest income after provision for (recovery of) loan losses 12,958 12,144 26,237 24,069
Noninterest income        
Income from product and service 989 996 1,967 1,946
Loan fee income 90 63 160 123
Commercial mortgage brokerage fees 85 0 126 0
Residential mortgage banking fees 24 87 54 131
Loss on sales of equity securities (14) 0 (14) 0
Gain on sale of premises held-for-sale 93 0 93 0
Loss on sales of equity securities   0    
Trust and insurance commissions and annuities income 250 245 463 494
Earnings on bank-owned life insurance 45 66 111 129
Bank-owned life insurance death benefit 1,389 0 1,389 0
Other 143 150 284 328
Total noninterest income 3,094 1,607 4,633 3,151
Noninterest expense        
Compensation and benefits 5,790 5,110 11,112 11,462
Office occupancy and equipment 1,662 1,599 3,393 3,221
Advertising and public relations 274 259 417 640
Information technology 708 679 1,349 1,432
Supplies, telephone, and postage 396 358 729 690
Amortization of intangibles 21 122 143 251
Nonperforming asset management 51 27 253 131
Operations of other real estate owned 135 245 296 458
FDIC insurance premiums 104 125 223 312
Other 1,074 1,083 2,259 2,276
Total noninterest expense 10,215 9,607 20,174 20,873
Income before income taxes 5,837 4,144 10,696 6,347
Income tax expense 1,207 1,572 2,507 1,894
Net income $ 4,630 $ 2,572 $ 8,189 $ 4,453
Basic earnings per common share (usd per share) $ 0.26 $ 0.14 $ 0.46 $ 0.24
Diluted earnings per common share (usd per share) $ 0.26 $ 0.14 $ 0.46 $ 0.24
Weighted average common shares outstanding (shares) 17,633,815 18,330,032 17,781,407 18,485,181
Diluted weighted average common shares outstanding (shares) 17,633,815 18,330,455 17,781,407 18,485,597