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CONSOLIDATED INCOME STATEMENTS (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income:        
Loans, including fees $ 7,414 $ 7,410 $ 14,589 $ 14,122
Investment securities and other 260 285 529 590
Total interest income 7,674 7,695 15,118 14,712
Interest expense:        
Deposits 704 569 1,355 1,174
Other borrowings 73 15 145 76
Total interest expense 777 584 1,500 1,250
Net interest income 6,897 7,111 13,618 13,462
Provision (credit) for loan losses 61 (584) (186) (1,552)
Net interest income after provision for loan losses 6,836 7,695 13,804 15,014
Non-interest income:        
Other loan fees 282 370 557 545
Document processing fees 136 131 251 223
Service charges 102 87 192 160
Other 57 149 156 289
Total non-interest income 577 737 1,156 1,217
Non-interest expenses:        
Salaries and employee benefits 3,494 3,202 6,946 6,317
Occupancy, net 581 487 1,067 932
Professional services 278 276 457 524
Data processing 169 134 340 253
Depreciation 175 96 324 187
FDIC assessment 99 82 196 153
Advertising and marketing 212 152 293 232
Stock-based compensation 84 218 164 260
Loan servicing and collection (89) 182 90 271
Loan litigation settlement, net 0 7,153 0 7,153
Other 503 399 965 870
Total non-interest expenses 5,506 12,381 10,842 17,152
Income (loss) before provision for income taxes 1,907 (3,949) 4,118 (921)
Provision (benefit) for income taxes 782 (1,607) 1,710 (349)
Net income (loss) 1,125 (2,342) 2,408 (572)
Dividends on preferred stock 0 136 0 276
Discount on partial redemption of preferred stock 0 (110) 0 (129)
Net income (loss) available to common stockholders $ 1,125 $ (2,368) $ 2,408 $ (719)
Earnings (loss) per share:        
Basic (in dollars per share) $ 0.14 $ (0.29) $ 0.30 $ (0.09)
Diluted (in dollars per share) $ 0.13 $ (0.29) $ 0.29 $ (0.09)
Weighted average number of common shares outstanding:        
Basic (in shares) 8,098 8,204 8,134 8,204
Diluted (in shares) 8,410 8,204 8,439 8,204
Dividends declared per common share (in dollars per share) $ 0.035 $ 0.03 $ 0.065 $ 0.05