XML 18 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Interest income:    
Interest and fees on loans $ 38,035 $ 36,967
Interest and dividends on investments 1,296 1,054
Interest on federal funds sold and cash equivalents 79 111
Total interest income 39,410 38,132
Interest expense:    
Interest on deposits 4,744 4,746
Interest on borrowings 1,068 833
Total interest expense 5,812 5,579
Net interest income 33,598 32,553
Provision for loan losses 3,040 3,250
Net interest income after provision for loan losses 30,558 29,303
Noninterest income    
Gain on sale of SBA loans 4,147 5,040
Gain on sale of investment securities 0 178
Loan fees 1,387 1,071
Net income from BOLI 357 359
Service fees on deposit accounts 290 269
Loss on sale and write-down of real estate owned (2,019) (596)
Other 918 1,310
Total noninterest income 5,080 7,631
Noninterest expense    
Compensation and benefits 7,717 7,306
Professional services 1,657 1,456
Occupancy and equipment 1,273 1,165
Data processing 510 484
FDIC insurance 682 858
OREO expense 1,642 3,883
Other operating expense 3,371 3,759
Total noninterest expense 16,852 18,911
Income before income tax expense 18,786 18,023
Income tax expense 6,843 5,711
Net income attributable to Company and noncontrolling interest 11,943 12,312
Net income attributable to noncontrolling interest (1,246) (1,839)
Net income attributable to Company 10,697 10,473
Preferred stock dividend and discount accretion (1,200) (1,200)
Net income available to common shareholders $ 9,497 $ 9,273
Earnings per common share    
Basic (in dollars per share) $ 1.56 $ 1.55
Diluted (in dollars per share) $ 1.34 $ 1.32
Weighted average shares outstanding    
Basic (in shares) 6,091,562 5,991,226
Diluted (in shares) 7,973,588 7,924,859