XML 37 R11.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS (FY) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Interest Income    
Interest on investment securities and cash $ 915 $ 1,009
Interest and fees on loans 16,534 15,213
Total interest income 17,449 16,222
Interest Expense    
Interest expense non-maturity deposits 442 278
Interest expense time deposits 2,039 2,232
Interest expense borrowed funds 222 175
Interest expense capital lease 17 21
Interest expense on subordinated debt 759 166
Total interest expense 3,479 2,872
Net interest income 13,970 13,350
Loan loss provision 704 (27)
Net interest income after loan loss provision 13,266 13,377
Noninterest income    
Overdraft fees on deposits 431 395
Interchange fee income, Net 482 443
Service charges on deposits 56 55
Mortgage fee income 95 102
Customer service fees 54 59
ATM income 27 27
Bank-owned life insurance income 199 53
Unrealized gain on equity securities 0 55
Other income 32 40
Total noninterest income 1,376 1,229
Noninterest expense    
Salaries & benefits expense 7,071 6,822
Occupancy expense 859 875
Furniture, fixture & equipment expense 585 527
Data processing expense 948 809
Office supplies expense 81 64
Professional fees 473 607
Advertising and marketing 132 147
Insurance 306 340
Foreclosed asset expense, net 281 493
Check card expense 343 365
Loan expense 219 164
Stockholder expense 172 122
Directors fees and expenses 256 225
Telephone expense 288 244
Core deposit intangible amortization expense 44 56
Other operating expense 586 528
Total noninterest expense 12,644 12,388
Pre-tax income 1,998 2,218
Income tax expense 1,594 877
Net income 404 1,341
Less income attributable to noncontrolling interest 0 222
Net income attributable to Carolina Trust BancShares $ 404 $ 1,119
Earnings per share    
Basic earnings per common share (in dollars per share) $ 0.09 $ 0.24
Diluted earnings per common share (in dollars per share) $ 0.09 $ 0.24
Weighted average common shares outstanding (in shares) 4,655,369 4,649,405
Diluted average common shares outstanding (in shares) 4,737,874 4,697,765