XML 81 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest income:        
Loans, including fees $ 9,175 $ 8,652 $ 18,194 $ 17,445
Securities available for sale and stock 558 403 932 821
Interest-bearing deposits with financial institutions 80 79 159 155
Total interest income 9,813 9,134 19,285 18,421
Interest expense:        
Deposits 1,144 1,225 2,269 2,410
Borrowings 180 283 378 541
Total interest expense 1,324 1,508 2,647 2,951
Net interest income 8,489 7,626 16,638 15,470
Provision for loan and lease losses 0 600 0 1,050
Net interest income after provision for loan and lease losses 8,489 7,026 16,638 14,420
Noninterest income        
Service fees on deposits and other banking services 234 218 446 426
Net gain on sale of small business administration loans 0 474 0 1,160
Other noninterest income 382 292 1,052 576
Total noninterest income 616 984 1,498 2,162
Noninterest expense        
Salaries and employee benefits 5,423 5,420 11,330 11,023
Occupancy 752 610 1,412 1,198
Equipment and depreciation 430 363 823 732
Data processing 255 200 491 451
FDIC expense 339 359 692 653
Other real estate owned expense, net 59 313 161 1,057
Professional fees 744 665 1,372 1,239
Business development 198 169 392 338
Loan related expense 170 129 239 216
Insurance 88 141 175 278
Other operating expense 509 409 995 898
Total noninterest expense 8,967 8,778 18,082 18,083
Income (loss) from continuing operations before income taxes 138 (768) 54 (1,501)
Income tax (benefit) provision 0 0 0 0
Net income (loss) from continuing operations 138 (768) 54 (1,501)
Discontinued Operations        
Income from discontinued operations before income taxes 0 772 0 1,956
Income tax provision (benefit) 0 0 0 0
Net income from discontinued operations 0 772 0 1,956
Net income 138 4 54 455
Net loss allocable to common shareholders $ (171) $ (304) $ (564) $ (149)
Basic loss per common share:        
Net loss from continuing operations (in dollars per share) $ (0.01) $ (0.06) $ (0.03) $ (0.11)
Net loss available to common shareholders (in dollars per share) (0.01) (0.02) (0.03) (0.01)
Diluted (loss) income per common share:        
Net loss from continuing operations (in dollars per share) (0.01) (0.06) (0.03) (0.11)
Net (loss) income available to common shareholders (in dollars per share) $ (0.01) $ (0.02) $ (0.03) $ (0.01)
Weighted average number of common shares outstanding:        
Basic (in shares) 19,773,799 19,254,985 19,695,679 19,200,492
Diluted (in shares) 19,773,799 19,254,985 19,695,679 19,200,492
Dividend Undeclared [Member]        
Discontinued Operations        
Accumulated undeclared dividends on preferred stock $ (309) $ (308) $ (618) $ (604)