XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest and dividend income:        
Interest on loans receivable $ 9,581 $ 7,922 $ 18,172 $ 16,201
Interest and dividends on investment securities and FHLB stock 123 307 325 628
Total interest and dividend income 9,704 8,229 18,497 16,829
Interest expense:        
Interest on certificates of deposit 1,428 1,395 2,744 2,731
Interest on other deposits 161 92 311 183
Interest on borrowings 32   61 6
Total interest expense 1,621 1,487 3,116 2,920
Net interest income 8,083 6,742 15,381 13,909
Provision for loan losses (recovery) (Note 4) 207 235 259 (312)
Net interest income after provision for loan losses (recovery) 7,876 6,507 15,122 14,221
Noninterest income:        
Service charges and fees 225 229 454 467
Brokerage commissions 168 70 286 249
Late and prepayment charges 235 79 446 146
Other 256 293 456 350
Total noninterest income 884 671 1,642 1,212
Noninterest expense:        
Compensation and benefits 3,956 3,687 7,785 7,352
Occupancy expense 1,400 1,363 2,826 2,770
Data processing expenses 413 381 866 751
Direct loan expenses 184 211 379 464
Insurance and surety bond premiums 79 135 161 272
Office supplies, telephone and postage 282 279 536 540
FDIC deposit insurance assessment 58 219 124 444
Other operating expenses 623 690 1,414 1,329
Total noninterest expense 6,995 6,965 14,091 13,922
Income before income taxes 1,765 213 2,673 1,511
Provision for income taxes (Note 8) 641 117 986 607
Net income $ 1,124 $ 96 $ 1,687 $ 904