XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Income (Unaudited) - USD ($)
$ 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 $ 6,658 $ 6,634 $ 13,288 $ 12,913
Investment securities – AFS – taxable 185 166 374 380
Interest on deposits in FRB 151 37 276 83
Interest on deposits in other banks 2 1 4 3
Total interest income 6,996 6,838 13,942 13,379
Interest Expense:        
Interest on deposits 272 253 549 512
Interest on other borrowings 58 59 116 117
Total interest expense 330 312 665 629
Net Interest Income 6,666 6,526 13,277 12,750
Provision (Recovery of Provision) for Credit Losses 12 (2) (10) 457
Net Interest Income after (Recovery of Provision) Provision for Credit Losses 6,654 6,528 13,287 12,293
Noninterest Income:        
Customer service fees 1,017 866 1,943 1,699
Increase in cash surrender value of bank-owned life insurance 132 130 264 258
Gain on fair value of financial liability 113 324 471 199
Other 165 226 310 311
Total noninterest income 1,427 1,546 2,988 2,467
Noninterest Expense:        
Salaries and employee benefits 2,469 2,273 5,058 4,704
Occupancy expense 1,018 1,034 2,115 1,974
Data processing 26 28 85 59
Professional fees 301 252 790 600
Regulatory assessments 246 225 501 471
Director fees 73 68 143 124
Correspondent bank service charges 19 19 39 38
Loss on California tax credit partnership 37 30 73 60
Net cost on operation of OREO 60 126 177 194
Other 575 627 1,143 1,166
Total noninterest expense 4,824 4,682 10,124 9,390
Income Before Provision for Taxes 3,257 3,392 6,151 5,370
Provision for Taxes on Income 1,236 1,329 2,361 2,079
Net Income $ 2,021 $ 2,063 $ 3,790 $ 3,291
Net Income per common share        
Basic (in dollars per share) $ 0.12 $ 0.13 $ 0.23 $ 0.20
Diluted (in dollars per share) $ 0.12 $ 0.13 $ 0.23 $ 0.20
Shares on which net income per common shares were based        
Basic (in shares) 16,373,996 16,373,996 16,373,996 16,373,996
Diluted (in shares) 16,378,505 16,376,015 16,377,436 16,375,999