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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income:        
Loans, including fees $ 9,254,000 $ 9,175,000 $ 18,702,000 $ 18,194,000
Securities available for sale and stock 369,000 558,000 719,000 932,000
Interest-bearing deposits with financial institutions 212,000 80,000 369,000 159,000
Total interest income 9,835,000 9,813,000 19,790,000 19,285,000
Interest expense:        
Deposits 1,186,000 1,144,000 2,273,000 2,269,000
Borrowings 169,000 180,000 334,000 378,000
Total interest expense 1,355,000 1,324,000 2,607,000 2,647,000
Net interest income 8,480,000 8,489,000 17,183,000 16,638,000
Provision for loan and lease losses 8,720,000 0 9,140,000 0
Net interest income after provision for loan and lease losses (240,000) 8,489,000 8,043,000 16,638,000
Noninterest income        
Service fees on deposits and other banking services 267,000 234,000 522,000 446,000
Net gain on sale of small business administration loans 0 0 40,000 0
Other noninterest income 597,000 382,000 1,056,000 1,052,000
Total noninterest income 864,000 616,000 1,618,000 1,498,000
Noninterest expense        
Salaries and employee benefits 5,506,000 5,423,000 11,193,000 11,330,000
Occupancy 793,000 752,000 1,538,000 1,412,000
Equipment and depreciation 450,000 430,000 873,000 823,000
Data processing 287,000 255,000 602,000 491,000
FDIC expense 251,000 339,000 446,000 692,000
Other real estate owned expense, net 0 59,000 (70,000) 161,000
Professional fees 774,000 744,000 1,325,000 1,372,000
Business development 201,000 198,000 344,000 392,000
Loan related expense 73,000 170,000 113,000 239,000
Insurance 76,000 88,000 152,000 175,000
Other operating expense 482,000 509,000 932,000 995,000
Total noninterest expense 8,893,000 8,967,000 17,448,000 18,082,000
Income (loss) before income taxes (8,269,000) 138,000 (7,787,000) 54,000
Income tax (benefit) provision (3,559,000) 0 (3,361,000) 0
Net (loss) income (4,710,000) 138,000 (4,426,000) 54,000
Net (loss) income allocable to common shareholders $ (4,710,000) $ (171,000) $ (4,426,000) $ (564,000)
Basic income (loss) per common share:        
Net loss available to common shareholders (in dollars per share) $ (0.21) $ (0.01) $ (0.19) $ (0.03)
Diluted (loss) income per common share:        
Net loss available to common shareholders (in dollars per share) $ (0.21) $ (0.01) $ (0.19) $ (0.03)
Weighted average number of common shares outstanding:        
Basic (in shares) 22,962,106 19,773,799 22,917,680 19,695,679
Diluted (in shares) 22,962,106 19,773,799 22,917,680 19,695,679
Dividend undeclared        
Noninterest expense        
Accumulated undeclared dividends on preferred stock $ 0 $ (309,000) $ 0 $ (618,000)