Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2016

Discontinued Operations

Assets and Liabilities of discontinued operations

	June 30,		December 31,
	2016		2015
ASSETS
Cash and cash equivalents:
Cash and due from banks	$	1,684	$	2,245
Total cash and cash equivalents		1,684		2,245
Premises and equipment		42		618
Accrued interest receivable and other assets		11		2,154
TOTAL ASSETS	$	1,737	$	5,017
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accrued interest payable and other liabilities		424		2,834
Total liabilities		424		2,834
STOCKHOLDERS’ EQUITY
Retained earnings		1,313		2,183
Total stockholders’ equity		1,313		2,183
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	1,737	$	5,017

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

	Six months ended				Three months ended
	June 30,				June 30,
	2016		2015		2016		2015
NONINTEREST INCOME
Insurance and investment services income	$	1,887	$	2,485	$	823	$	859
Gain on sale of subsidiary		6,926		—		6,926		—
Other operating income		2		5		1		5
Total noninterest income		8,815		2,490		7,750		864
NONINTEREST EXPENSES
Salary and employee benefits		1,937		1,788		986		902
Occupancy expense		124		133		52		67
Equipment depreciation and maintenance		29		28		15		13
Data processing and communications		79		51		39		24
Marketing, contributions and sponsorships		7		15		4		9
Professional fees		2		4		2		1
Printing, postage and supplies		12		9		5		5
Insurance, tax and assessment expense		58		38		32		20
Travel, entertainment, dues and subscriptions		67		56		41		30
Other operating expenses		154		93		58		72
Total noninterest expense		2,469		2,215		1,234		1,143
Income from discontinued operations, before income taxes		6,346		275		6,516		(279)
Income tax expense - discontinued operations		2,411		106		2,475		(105)
Net Income (loss) from discontinued operations	$	3,935	$	169	$	4,041	$	(174)