XML 12 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Assets    
Cash and due from banks $ 10,637 $ 8,063 [1]
Interest-earning deposits with banks 14,722 18,086 [1]
Cash and cash equivalents 25,359 26,149 [1]
Certificates of deposit with banks 1,498 1,498 [1]
Investment securities available-for-sale, at fair value (amortized cost $27,092 and $27,459 at March 31, 2017 and December 31, 2016, respectively) 26,861 27,063 [1]
Federal Home Loan Bank stock, at cost 1,064 942 [1]
Loans 311,609 308,492 [1]
Less: Allowance for loan and lease losses (3,471) (3,393) [1]
Net Loans 308,138 305,099 [1]
Bank owned life insurance 7,034 1,498 [1]
Accrued interest receivable 889 945 [1]
Bank premises, equipment and software 6,726 6,388 [1]
Foreclosed assets 880 1,011 [1]
Core deposit intangible, net of accumulated amortization of $679 and $667 at March 31, 2017 and December 31, 2016, respectively 106 117 [1]
Other assets 3,926 4,207 [1]
Total Assets 382,481 374,917 [1]
Liabilities and Stockholders' Equity    
Noninterest-earning demand deposits 43,886 38,593 [1]
Interest-earning demand deposits 103,966 99,084 [1]
Savings 21,433 21,059 [1]
Time deposits 153,894 159,929 [1]
Total deposits 323,179 318,665 [1]
Capital lease obligation 253 268 [1]
Federal Home Loan Bank advances 17,100 14,100 [1]
Long term subordinated debt 9,622 9,605 [1]
Accrued interest payable 420 287 [1]
Other liabilities 2,546 2,959 [1]
Total liabilities 353,120 345,884 [1]
Common stock warrant 426 426 [1]
Common stock, $2.50 par value; 10,000,000 shares authorized; 4,654,880 and 4,650,808 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively 11,637 11,627 [1]
Additional paid-in capital 12,990 12,988 [1]
Retained earnings 4,452 4,241 [1]
Accumulated other comprehensive income (loss) (144) (249) [1]
Total stockholders' equity 29,361 29,033
Total Liabilities and Stockholders' Equity $ 382,481 $ 374,917 [1]
[1] Derived from Carolina Trust Bancshares Inc's audited financial statements included in its 2016 Annual Report on Form 10-K