XML 13 R48.htm IDEA: XBRL DOCUMENT v3.2.0.727
Segment Reporting (Details)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2015
USD ($)
Jun. 30, 2014
USD ($)
Dec. 31, 2013
USD ($)
item
Jun. 30, 2015
USD ($)
Jun. 30, 2014
USD ($)
Dec. 31, 2014
USD ($)
Information about the reportable segments and reconciliation to the consolidated financial statements            
Number of Reportable Segments | item     3      
Revenues:            
Interest income $ 10,694 $ 9,162   $ 20,332 $ 17,539  
Gain on loans held for sale 8,617 4,333   14,926 7,543  
Insurance and investment services income 965 820   2,663 1,836  
Other income 952 1,913   4,356 3,441  
Total operating income 21,228 16,228   42,277 30,359  
Expenses:            
Interest expense 2,268 1,967   4,359 3,347  
Salary and employee benefits 10,194 7,932   19,928 14,729  
Provision for loan losses 561 889   1,220 1,408  
Other expense 5,517 4,256   10,750 8,295  
Total operating expenses 18,540 15,044   36,257 27,779  
Income before income taxes 2,688 1,184   6,020 2,580  
Income tax expense (benefit) 783 215   2,012 453  
Net Income 1,905 969   4,008 2,127  
Preferred dividends 143 22   285 43  
Net Income available to common shareholders 1,762 947   3,723 2,084  
Capital expenditures 711 2,666   1,105 4,962  
Total assets 1,253,066 1,062,621 $ 987,060 1,253,066 1,062,621 $ 1,110,459
Goodwill 17,779 17,779 17,779 17,779 17,779 17,779
Commercial & Retail Banking            
Revenues:            
Interest income       18,622 16,123  
Gain on loans held for sale       63 (8)  
Insurance and investment services income       178 129  
Other income       4,068 5,204  
Total operating income       22,931 21,448  
Expenses:            
Interest expense       4,234 3,278  
Salary and employee benefits       7,476 6,362  
Provision for loan losses       1,220 1,408  
Other expense       9,059 7,996  
Total operating expenses       21,989 19,044  
Income before income taxes       942 2,404  
Income tax expense (benefit)       68 375  
Net Income 911     874 2,029  
Preferred dividends       285 43  
Net Income available to common shareholders       589 1,986  
Capital expenditures       997 4,428  
Total assets 1,390,957 1,143,107 1,021,097 1,390,957 1,143,107 1,189,746
Goodwill 897 897 897 897 897 897
Increase (decrease) in net interest income 1,100     1,500    
Increase (decrease) in noninterest income (528)     1,000    
Increase (decrease) in noninterest expense 747,000     2,200    
Increase (decrease) in interest exepense 262     956,000    
Increase (decrease) in gain on derivative       494    
Increase (decrease) in average subordinated debt 29,100     29,200    
Increase (decrease) in volume of portfolio loans sold (8,100)     (8,100)    
Increase (decrease) in professional fees       446    
Increase (decrease) in dividends on Preferred stock 121     121    
Increase (decrease) in occupancy and equipment expense       521    
Increase in data processing and communications expense 300     599    
Increase (decrease) in average loan balances 173,000     171,800    
Increase (decrease) in salaries expense 387     1,100    
Increase (decrease) in income from portfolio loans held for sale 204     533    
Decrease on gains for security sales 121          
Mortgage Banking            
Revenues:            
Interest income       1,966 1,235  
Gain on loans held for sale       15,385 8,139  
Other income       2,600 939  
Total operating income       19,951 10,313  
Expenses:            
Interest expense       903 489  
Salary and employee benefits       10,664 6,632  
Other expense       3,581 2,595  
Total operating expenses       15,148 9,716  
Income before income taxes       4,803 597  
Income tax expense (benefit)       1,838 238  
Net Income       2,965 359 400
Net Income available to common shareholders       2,965 359  
Capital expenditures       99 191  
Total assets 139,767 101,609 92,290 139,767 101,609 101,791
Goodwill 16,882 16,882 16,882 16,882 16,882 16,882
Increase (decrease) in net interest income 198     317,000    
Increase (decrease) in noninterest income 3,500     8,900    
Increase (decrease) in noninterest expense 2,500     5,000    
Increase (decrease) in earnings 769,000     2,600    
Increase (decrease) in mortgage fee income 4,200     7,200    
Increase (decrease) in gain on derivative $ 691,000     $ 1,700    
Increase (decrease) loan origination volume (as a percent) 69.00%     94.00%    
Increase (decrease) in personnel expense $ 1,900     $ 4,000    
Decrease in loans held for sale 9,500          
Insurance            
Revenues:            
Insurance and investment services income       2,485 1,707  
Other income       4    
Total operating income       2,489 1,707  
Expenses:            
Salary and employee benefits       1,788 1,735  
Other expense       426 393  
Total operating expenses       2,214 2,128  
Income before income taxes       275 (421)  
Income tax expense (benefit)       106 (160)  
Net Income 174 (253)   169 (261)  
Net Income available to common shareholders       169 (261)  
Capital expenditures       9 343  
Total assets 4,321 4,431 3,012 4,321 4,431 4,031
Increase (decrease) in net interest income 114          
Increase (decrease) in noninterest income       782    
Increase (decrease) in noninterest expense (15)     86    
Increase (decrease) in income tax expense 50     266    
Operating segments | Commercial & Retail Banking            
Revenues:            
Interest income 9,719 8,364        
Gain on loans held for sale 76 25        
Insurance and investment services income 106 71        
Other income 2,132 2,746        
Total operating income 12,033 11,206        
Expenses:            
Interest expense 2,193 1,931        
Salary and employee benefits 3,718 3,331        
Provision for loan losses 561 889        
Other expense 4,485 4,125        
Total operating expenses 10,957 10,276        
Income before income taxes 1,076 930        
Income tax expense (benefit) 165 107        
Net Income 911 823        
Preferred dividends 143 22        
Net Income available to common shareholders 768 801        
Capital expenditures 638 2,559        
Total assets 1,390,957 1,143,107 1,021,097 1,390,957 1,143,107 1,189,746
Goodwill 897 897 897 897 897 897
Operating segments | Mortgage Banking            
Revenues:            
Interest income 1,137 688        
Gain on loans held for sale 8,833 4,649        
Other income (88) 604        
Total operating income 9,882 5,941        
Expenses:            
Interest expense 529 278        
Salary and employee benefits 5,574 3,655        
Other expense 1,888 1,346        
Total operating expenses 7,991 5,279        
Income before income taxes 1,891 662        
Income tax expense (benefit) 723 263        
Net Income 1,168 399        
Net Income available to common shareholders 1,168 399        
Capital expenditures 71 74        
Total assets 139,767 101,609 92,290 139,767 101,609 101,791
Goodwill 16,882 16,882 16,882 16,882 16,882 16,882
Operating segments | Insurance            
Revenues:            
Insurance and investment services income 859 749        
Other income 4          
Total operating income 863 749        
Expenses:            
Salary and employee benefits 902 946        
Other expense 240 211        
Total operating expenses 1,142 1,157        
Income before income taxes (279) (408)        
Income tax expense (benefit) (105) (155)        
Net Income (174) (253)        
Net Income available to common shareholders (174) (253)        
Capital expenditures 2 33        
Total assets 4,321 4,431 3,012 4,321 4,431 4,031
Intercompany Eliminations            
Revenues:            
Interest income (162) 110   (256) 181  
Gain on loans held for sale (292) (341)   (522) (588)  
Other income (1,096) (1,437)   (2,316) (2,702)  
Total operating income (1,550) (1,668)   (3,094) (3,109)  
Expenses:            
Interest expense (454) (242)   (778) (420)  
Other expense (1,096) (1,426)   (2,316) (2,689)  
Total operating expenses (1,550) (1,668)   (3,094) (3,109)  
Total assets $ (281,979) $ (186,526) $ (129,339) $ (281,979) $ (186,526) $ (185,109)