XML 39 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Income - Class of Stock [Domain] - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest income:        
Loans $ 3,953 $ 3,719 $ 7,905 $ 7,456
Securities 482 534 987 1,088
Federal funds sold and interest bearing deposits 19 9 29 23
Total interest income 4,454 4,262 8,921 8,567
Interest expense:        
Savings and money market accounts 150 136 292 269
Time accounts 92 108 184 237
NOW accounts 17 19 33 37
Total 259 263 509 543
FHLB advances 36 36 71 72
Total interest expense 295 299 580 615
Net interest income 4,159 3,963 8,341 7,952
Provision for loan losses 0 0 150 0
Net interest income after provision for loan losses 4,159 3,963 8,191 7,952
Non-interest income:        
Service charges 500 489 952 1,000
Wealth management fees 399 378 779 671
Treasury management fees 64 59 122 115
Income from bank-owned life insurance 165 164 408 402
Loss on the sale of securities available-for-sale 0 0 0 (140)
Loss on loans held for sale 0 (114) 0 (357)
Net (loss) gain on sale of REO (11) (4) 1 (4)
Gain on sale of branch 0 0 0 438
Other non-interest income 63 24 76 62
Total non-interest income 1,180 996 2,338 2,187
Non-interest expense:        
Salaries and employee benefits 2,819 2,712 5,531 5,490
Occupancy and equipment 1,023 921 1,986 1,808
Professional services 284 197 637 617
Advertising 141 77 249 158
Office supplies, postage and courier 72 89 151 184
FDIC insurance premium 97 172 207 340
State franchise taxes 75 67 150 132
Other non-interest expense 684 687 1,235 1,254
Total non-interest expense 5,195 4,922 10,146 9,983
Income before income taxes 144 37 383 156
Income taxes 0 0 0 0
Net income $ 144 $ 37 $ 383 $ 156
Share and Per Share Data        
Basic average common shares outstanding (in shares) 7,287,435 7,192,350 7,262,541 7,192,350
Diluted average common shares outstanding (in shares) 7,303,902 7,250,702 7,278,933 7,247,315
Basic and diluted earnings per common share (in dollars per share) $ 0.02 $ 0.01 $ 0.05 $ 0.02