| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | |
|---|---|---|---|---|---|---|
Interest income: | ||||||
Interest and fees on loans | ||||||
23,510 | 20,886 | 17,640 | 15,451 | 13,935 | 13,173 | |
Other interest income | ||||||
679 | 339 | 187 | 141 | 22 | 34 | |
Total interest income | ||||||
24,189 | 21,225 | 17,827 | 15,592 | 13,957 | 13,207 | |
Interest expense: | ||||||
Interest on deposits | ||||||
2,951 | 2,110 | 2,038 | 2,300 | 2,499 | 2,505 | |
Interest on borrowed funds | ||||||
1,523 | 676 | 189 | 96 | 131 | 145 | |
Total interest expense | ||||||
4,474 | 2,786 | 2,227 | 2,396 | 2,630 | 2,650 | |
Net interest income | ||||||
19,715 | 18,439 | 15,600 | 13,196 | 11,327 | 10,557 | |
Provision for loan losses | ||||||
435 | 475 | 496 | 432 | 567 | 1,109 | |
Net interest income after provision for loan losses | ||||||
19,280 | 17,964 | 15,104 | 12,764 | 10,760 | 9,448 | |
Non-interest income: | ||||||
Customer service fees | ||||||
3,479 | 3,284 | 3,113 | 3,063 | 3,032 | 2,972 | |
Net gains on sales of loans and other mortgage banking income | ||||||
3,671 | 4,339 | 3,258 | 2,562 | - | - | |
Gain on sales of loans, net | ||||||
- | - | - | - | 2,887 | 4,061 | |
Bank-owned life insurance income | ||||||
133 | 126 | 135 | 132 | 59 | - | |
Other income | ||||||
255 | 196 | 86 | 150 | 179 | 142 | |
Total non-interest income | ||||||
7,538 | 7,945 | 6,592 | 5,907 | 6,157 | 7,175 | |
Non-interest expenses: | ||||||
Salary and employee benefits | ||||||
12,326 | 10,934 | 9,636 | 9,301 | 8,446 | 7,359 | |
Occupancy and equipment | ||||||
3,211 | 3,092 | 3,085 | 2,732 | 2,362 | 1,977 | |
Data processing | ||||||
1,921 | 1,764 | 1,699 | 1,668 | 1,512 | 1,401 | |
Professional fees | ||||||
836 | 753 | 692 | 707 | 525 | 699 | |
Deposit servicing | ||||||
903 | 989 | 762 | 781 | 662 | 755 | |
Foreclosed real estate | ||||||
- | - | - | 201 | 344 | 274 | |
FDIC insurance assessment | ||||||
338 | 350 | 374 | 338 | 375 | 292 | |
Advertising | ||||||
312 | 314 | 270 | 239 | 294 | 578 | |
Impairment loss on real estate held for sale | ||||||
- | - | 581 | 1,099 | 482 | - | |
Foreclosed real estate | ||||||
72 | 121 | 211 | - | - | - | |
Contribution to Coastway Cares Charitable Foundation II | ||||||
- | - | - | 1,521 | - | - | |
Other general and administrative | ||||||
1,828 | 1,822 | 1,605 | 1,579 | 1,506 | 1,305 | |
Total non-interest expenses | ||||||
21,747 | 20,139 | 18,915 | 20,166 | 16,508 | 14,640 | |
Income before income taxes | ||||||
5,071 | 5,770 | 2,781 | - | - | - | |
Income before income taxes | ||||||
- | - | - | -1,495 | 409 | 1,983 | |
Income tax expense | ||||||
2,479 | 2,281 | 1,153 | -530 | 187 | 835 | |
Net income and comprehensive income | ||||||
2,592 | 3,489 | 1,628 | -965 | 222 | 1,148 | |
Weighted average common shares outstanding-basic | ||||||
4,013 | 4,241 | 4,529 | - | - | - | |
Weighted average common shares outstanding-diluted | ||||||
4,039 | 4,245 | 4,529 | - | - | - | |
Per share information: | ||||||
Basic earnings per common share | ||||||
0.65 | 0.82 | 0.36 | - | - | - | |
Diluted earnings per common share | ||||||
0.64 | 0.82 | 0.36 | - | - | - | |