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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest and dividend income        
Loans, including fees $ 14,248 $ 13,345 $ 42,045 $ 39,061
Securities 627 389 1,637 1,095
Other 498 387 1,459 976
Total interest income 15,373 14,121 45,141 41,132
Interest expense        
Deposits 2,278 1,419 5,632 3,903
Borrowings 130 196 542 444
Borrowings 2,408 1,615 6,174 4,347
Net interest income 12,965 12,506 38,967 36,785
Recovery of loan losses (23) (225) (258) (15)
Net interest income after recovery of loan losses 12,988 12,731 39,225 36,800
Noninterest income        
Income from product and service 1,003 1,018 2,970 2,964
Loan fee income 71 89 231 212
Commercial mortgage brokerage fees 12 0 138 0
Residential mortgage banking fees 34 41 88 172
Loss on sales of equity securities 0 0 (14) 0
Gain on sale of premises held-for-sale 0 0 93 0
Loss on sales of equity securities   0    
Trust and insurance commissions and annuities income 207 210 670 704
Earnings on bank-owned life insurance 35 67 146 196
Bank-owned life insurance death benefit 0 0 1,389 0
Other 208 198 492 526
Total noninterest income 1,570 1,623 6,203 4,774
Noninterest expense        
Compensation and benefits 5,120 5,330 16,232 16,792
Office occupancy and equipment 1,629 1,693 5,022 4,914
Advertising and public relations 194 167 611 807
Information technology 717 638 2,066 2,070
Supplies, telephone, and postage 341 337 1,070 1,027
Amortization of intangibles 20 123 163 374
Nonperforming asset management 60 84 313 215
Operations of other real estate owned 59 403 355 861
FDIC insurance premiums 115 150 338 462
Other 1,170 1,275 3,429 3,551
Total noninterest expense 9,425 10,200 29,599 31,073
Income before income taxes 5,133 4,154 15,829 10,501
Income tax expense 1,396 594 3,903 2,488
Net income $ 3,737 $ 3,560 $ 11,926 $ 8,013
Basic earnings per common share (usd per share) $ 0.22 $ 0.20 $ 0.68 $ 0.44
Diluted earnings per common share (usd per share) $ 0.22 $ 0.20 $ 0.68 $ 0.44
Weighted average common shares outstanding (shares) 17,365,679 18,139,659 17,641,308 18,368,742
Diluted weighted average common shares outstanding (shares) 17,365,679 18,140,109 17,641,308 18,369,170