XML 32 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Interim Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest income:        
Interest and fees on loans $ 10,114 $ 8,395 $ 29,620 $ 22,815
Interest on investment securities 913 1,057 3,143 3,146
Total interest income 11,027 9,452 32,763 25,961
Interest expense:        
Interest on deposits 1,622 1,120 4,952 2,619
Interest on borrowings 58 4 58 198
Total interest expense 1,680 1,124 5,010 2,817
Net interest income 9,347 8,328 27,753 23,144
Provision for loan and lease losses 883 789 1,998 2,149
Net interest income after provision for loan and lease losses 8,464 7,539 25,755 20,995
Non-interest income:        
Credit insurance income 175 198 426 516
Net gain on sales and prepayments of investment securities 45   67 105
Net gain on settlement of derivative contracts   981   981
Other income, net 631 316 1,722 993
Total non-interest income 1,414 2,112 3,970 4,384
Non-interest expense:        
Salaries and employee benefits 5,089 4,643 15,272 13,743
Net occupancy and equipment 1,055 983 3,190 2,745
Computer services 421 328 1,105 937
Fees for professional services 316 242 879 781
Acquisition expenses   1,492   1,492
Other expense 1,665 1,454 5,057 4,237
Total non-interest expense 8,546 9,142 25,503 23,935
Income before income taxes 1,332 509 4,222 1,444
Provision for income taxes 214 269 865 431
Net income $ 1,118 $ 240 $ 3,357 $ 1,013
Basic net income per share $ 0.17 $ 0.04 $ 0.52 $ 0.17
Diluted net income per share 0.16 0.03 0.49 0.15
Dividends per share $ 0.02 $ 0.02 $ 0.06 $ 0.06
Service [Member]        
Non-interest income:        
Revenue from Contract with Customer, Including Assessed Tax $ 472 $ 489 $ 1,375 $ 1,400
Mortgage Banking [Member]        
Non-interest income:        
Revenue from Contract with Customer, Including Assessed Tax $ 91 $ 128 $ 380 $ 389