Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

Assets and Liabilities and Operations of Discontinued Operations

Assets and liabilities of discontinued operations at the dates indicated were as follows:

(Dollars in thousands)	September 30, 2016		December 31, 2015
ASSETS
Cash and cash equivalents:
Cash and due from banks	$	—	$	2,245
Total cash and cash equivalents	—		2,245
Premises and equipment	—		618
Accrued interest receivable and other assets	—		2,154
TOTAL ASSETS	$	—	$	5,017
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accrued interest payable and other liabilities	—		2,834
Total liabilities	—		2,834
STOCKHOLDERS’ EQUITY
Retained earnings	—		2,183
Total stockholders’ equity	—		2,183
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	—	$	5,017

Net income (losses) from discontinued operations, net of tax, for the nine and three months ended September 30, 2016 and 2015, were as follows:

(Dollars in thousands)	Nine Months Ended September 30,				Three Months Ended September 30,
	2016		2015		2016		2015
NONINTEREST INCOME
Insurance and investment services income	$	1,887	$	3,529	$	—	$	1,044
Gain on sale of subsidiary	6,926		—		—		—
Other operating income	2		6		—		1
Total noninterest income	8,815		3,535		—		1,045
NONINTEREST EXPENSES
Salary and employee benefits	1,937		2,707		—		919
Occupancy expense	124		202		—		69
Equipment depreciation and maintenance	29		42		—		14
Data processing and communications	79		79		—		28
Marketing, contributions and sponsorships	7		23		—		8
Professional fees	2		20		—		17
Printing, postage and supplies	12		14		—		5
Insurance, tax and assessment expense	58		81		—		43
Travel, entertainment, dues and subscriptions	67		91		—		35
Other operating expenses	154		168		—		74
Total noninterest expense	2,469		3,427		—		1,212
Income from discontinued operations, before income taxes	6,346		108		—		(167		)
Income tax expense - discontinued operations	2,411		43		—		(63		)
Net Income (loss) from discontinued operations	$	3,935	$	65	$	—	$	(104	)