XML 14 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements Of Income And Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
INTEREST INCOME        
Loans receivable, including fees $ 6,971 $ 5,390 $ 19,575 $ 15,837
Securities:        
Taxable 396 321 1,116 890
Tax-exempt 201 231 592 660
Interest bearing deposits 7 1 17 8
Total Interest Income 7,575 5,943 21,300 17,395
INTEREST EXPENSE        
Deposits 619 448 1,830 1,302
Borrowings 508 390 1,393 1,150
Junior subordinated debentures 100 55 266 162
Total Interest Expense 1,227 893 3,489 2,614
Net Interest Income 6,348 5,050 17,811 14,781
PROVISION FOR LOAN LOSSES 458 1 1,054 506
Net Interest Income after Provision for Loan Losses 5,890 5,049 16,757 14,275
OTHER INCOME        
Service fees on deposit accounts 245 230 726 656
ATM and debit card fees 190 198 577 573
Bank-owned life insurance 74 78 225 235
Insurance commissions and fees 1,090 955 3,850 2,846
Investment brokerage fees (10) 40 67 103
Net gain on sales of securities 89 11 361 267
Net (loss) gain on disposal of premises and equipment 0 0 (19) 8
Other 96 143 337 369
Total Other Income 1,774 1,655 6,124 5,057
OTHER EXPENSES        
Salaries and employee benefits 3,243 2,919 9,672 8,488
Occupancy, net 463 410 1,399 1,330
Data processing 529 468 1,626 1,251
Furniture and equipment 248 221 764 645
Advertising and promotion 63 65 254 225
Professional fees 219 161 570 480
Director fees 159 105 378 418
FDIC assessment 138 120 379 368
Insurance 67 69 213 189
Stationary and supplies 47 49 149 154
Loan collection costs 24 19 109 175
Net expenses and write-downs related to foreclosed real estate 98 277 317 476
Other 353 480 1,029 1,156
Total Other Expenses 5,651 5,363 16,859 15,355
Income before Income Taxes 2,013 1,341 6,022 3,977
EXPENSE FOR INCOME TAXES 696 390 2,022 1,190
Net Income 1,317 951 4,000 2,787
OTHER COMPREHENSIVE INCOME (LOSS):        
Unrealized gains (loss) on available for sale securities arising during the period (575) 1,024 1,986 174
Fair value adjustments on derivatives 190 0 (1,359) 0
Reclassification adjustment for net gain on securities transactions included in net income (89) (11) (361) (267)
Income tax related to items of other comprehensive (loss) income 190 (405) (106) 37
Other comprehensive income (loss), net of income taxes (284) 608 160 (56)
Comprehensive income $ 1,033 $ 1,559 $ 4,160 $ 2,731
EARNINGS PER SHARE        
Basic (usd per share) $ 0.28 $ 0.21 $ 0.87 $ 0.61
Diluted (usd per share) $ 0.28 $ 0.21 $ 0.86 $ 0.61