XML 16 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Interest and dividend income:    
Loans $ 12,438 $ 10,488
Securities-taxable 1,260 1,512
Securities-tax exempt 366 409
Interest-bearing deposits and certificates of deposit 151 73
Total interest and dividend income 14,215 12,482
Interest expense:    
Deposits 1,345 1,188
Federal Home Loan Bank advances 261 168
Total interest expense 1,606 1,356
Net interest income 12,609 11,126
Provision (credit) for loan losses 103 (137)
Net interest income after provision (credit) for loan losses 12,506 11,263
Non-interest income:    
Customer service fees 1,502 1,572
Net gain on sales of mortgage loans 10,381 2,567
Mortgage servicing fees, net 430 234
Gain (loss) on sales/calls of securities and impairment write-downs, net 162 (7)
Increase in cash surrender value of life insurance 172 236
Gain on life insurance settlements 486 402
Bargain purchase gain 1,276  
Other 621 67
Total non-interest income 15,030 5,071
Non-interest expenses:    
Salaries and employee benefits 15,488 9,270
Occupancy and equipment 2,128 1,725
Data processing 761 1,089
Professional fees 1,378 1,002
Marketing 448 382
Foreclosed real estate, net 168 123
FDIC deposit insurance 246 297
Charitable foundation contribution 2,275  
Merger and integration costs 980 611
Other 3,188 2,697
Total non-interest expenses 27,060 17,196
Income (loss) before income taxes 476 (862)
Income tax expense (benefit) 13 (108)
Net income (loss) $ 463 $ (754)