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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest Income    
Interest and fees on loans $ 3,860 $ 3,747
Interest on investment securities and cash 217 280
Total interest income 4,077 4,027
Interest Expense    
Interest expense non-maturity deposits 75 54
Interest expense time deposits 508 537
Interest expense borrowed funds 45 41
Interest expense capital lease 5 6
Interest expense on subordinated debt 190
Total interest expense 823 638
Net interest income 3,254 3,389
Loan loss provision/(recovery) 151 (80)
Net interest income after loan loss provision/(recovery) 3,103 3,469
Noninterest income    
Overdraft fees on deposits 84 105
Interchange fee income 119 105
Service charges on deposits 14 14
Mortgage fee income 16 22
Customer service fees 13 14
ATM income 6 5
Bank-owned life insurance income 36 4
Other income 4 17
Total noninterest income 292 286
Noninterest expense    
Salaries & benefits expense 1,743 1,717
Occupancy expense 204 217
Furniture, fixture & equipment expense 140 119
Data processing expense 268 175
Office supplies expense 20 15
Professional fees 106 219
Advertising and marketing 35 38
Insurance 73 81
Foreclosed asset expense, net 40 128
Check card expense 99 91
Loan expense 37 32
Stockholder expense 58 19
Directors fees and expenses 70 55
Telephone expense 70 52
Core deposit intangible amortization expense 12 15
Other operating expense 101 132
Total noninterest expense 3,076 3,105
Pre-tax income 319 650
Income tax expense 108 233
Net income 211 417
Less income attributable to noncontrolling interest   59
Net income attributable to Carolina Trust BancShares $ 211 $ 358
Earnings per share    
Basic earnings per common share (in dollars per share) $ 0.05 $ 0.08
Diluted earnings per common share (in dollars per share) $ 0.04 $ 0.08
Weighted average common shares outstanding (in shares) 4,654,386 4,649,558
Diluted average common shares outstanding (in shares) 4,734,010 4,697,539