| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | ||
|---|---|---|---|---|---|---|
Interest and dividend income: | ||||||
Interest and fees on loans | ||||||
40,358 | 32,510 | 25,549 | 22,124 | 19,884 | ||
Interest and dividends on securities | ||||||
1,669 | 3,172 | 3,312 | 3,290 | 3,376 | ||
Interest on short-term investments | ||||||
313 | 100 | 33 | 38 | 6 | ||
Total interest and dividend income | ||||||
42,340 | 35,782 | 28,894 | 25,452 | 23,266 | ||
Interest expense: | ||||||
Interest on deposits | ||||||
4,468 | 2,944 | 2,163 | 1,630 | 1,724 | ||
Interest on borrowings | ||||||
745 | 782 | - | - | - | ||
Interest on Federal Home Loan Bank advances | ||||||
- | - | 622 | 544 | 567 | ||
Total interest expense | ||||||
5,213 | 3,726 | 2,785 | 2,174 | 2,291 | ||
Net interest and dividend income | ||||||
37,127 | 32,056 | 26,109 | 23,278 | 20,975 | ||
Provision for loan losses | ||||||
3,329 | 2,929 | 703 | 805 | 1,452 | ||
Net interest and dividend income after provision for loan losses | ||||||
33,798 | 29,127 | 25,406 | 22,473 | 19,523 | ||
Noninterest income: | ||||||
Gain on sale of securities, net | ||||||
- | 5,912 | - | - | - | ||
Customer service fees on deposit accounts | ||||||
- | - | 1,274 | 1,222 | 1,426 | ||
Service charges and fees - other | ||||||
- | - | 1,777 | 1,754 | 1,811 | ||
Gain on sale of securities, net | ||||||
- | - | 690 | 317 | 428 | ||
Bank owned life insurance income | ||||||
686 | 645 | 602 | - | - | ||
Other income | ||||||
64 | 87 | 92 | 513 | 248 | ||
Total noninterest income | ||||||
4,178 | 9,955 | 4,435 | 3,806 | 3,913 | ||
Noninterest expense: | ||||||
Salaries and employee benefits | ||||||
16,801 | 15,365 | 12,857 | 11,797 | 10,765 | ||
Occupancy expense | ||||||
1,733 | 1,839 | - | - | - | ||
Occupancy expense | ||||||
- | - | 1,548 | 1,535 | 1,308 | ||
Equipment expense | ||||||
471 | 587 | 631 | 528 | 617 | ||
FDIC assessment | ||||||
301 | 309 | 323 | 378 | 361 | ||
Data processing | ||||||
810 | 741 | 662 | 568 | 512 | ||
Marketing expense | ||||||
245 | 300 | 249 | 127 | 77 | ||
Professional fees | ||||||
1,223 | 936 | 1,088 | 942 | 611 | ||
Directors' compensation | ||||||
620 | 607 | 351 | - | - | ||
Charitable Foundation expense | ||||||
- | - | - | 2,150 | - | ||
Other | ||||||
3,210 | 3,065 | 2,768 | 3,068 | 3,170 | ||
Total noninterest expense | ||||||
25,414 | 23,749 | 20,477 | 21,093 | 17,421 | ||
Income before income tax expense | ||||||
12,562 | 15,333 | 9,364 | 5,186 | 6,015 | ||
Income tax expense | ||||||
3,237 | 7,418 | 3,025 | 1,363 | 1,453 | ||
Net income | ||||||
9,325 | 7,915 | 6,339 | 3,823 | 4,562 | ||
Net income attributable to common shareholders | ||||||
- | - | - | 3,656 | 4,390 | ||
Earnings per share: | ||||||
Basic (in dollars per share) | ||||||
1.01 | 0.86 | 0.69 | - | 0.00 | ||
Diluted (in dollars per share) | ||||||
1.00 | 0.86 | 0.69 | - | 0.00 | ||
Weighted Average Shares: | ||||||
Basic (in shares) | ||||||
9,240 | 9,199 | 9,176 | - | 0 | ||
Diluted (in shares) | ||||||
9,306 | 9,199 | 9,176 | - | 0 | ||
Customer service fees on deposit accounts | ||||||
Fees and commission | ||||||
1,435 | 1,392 | - | - | - | ||
Service charges and fees - other | ||||||
Fees and commission | ||||||
1,993 | 1,919 | - | - | - | ||