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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest and fees on loans:        
Taxable $ 8,019 $ 6,651 $ 23,986 $ 19,305
Tax-exempt 3 4 9 27
Interest on securities:        
Taxable 282 230 845 711
Tax-exempt 35 14 129 41
Other interest income 46 34 148 114
Total interest income 8,385 6,933 25,117 20,198
INTEREST EXPENSE:        
Deposits 843 813 2,467 2,435
Borrowings 307 234 895 625
Total interest expense 1,150 1,047 3,362 3,060
Net interest income 7,235 5,886 21,755 17,138
Provision for loan losses 350 187 855 561
Net interest income after provision for loan losses 6,885 5,699 20,900 16,577
OTHER INCOME:        
Deposit service fees 196 168 624 517
Income from loans sold on the secondary market 301 212 750 455
SBA/USDA loan sale gains 40   440 548
Mortgage servicing income 9 313 239 415
Net security gains 133   402  
Other 94 75 292 174
Total other income 773 768 2,747 2,109
OTHER EXPENSE:        
Salaries and employee benefits 3,139 2,481 9,102 7,545
Occupancy 602 511 1,804 1,595
Furniture and equipment 370 305 1,159 927
Data processing 327 288 1,041 862
Advertising 153 114 399 344
Professional service fees 348 276 928 883
Loan and deposit 136 144 399 306
Writedowns and losses on other real estate held for sale 104 176 141 190
FDIC insurance assessment 135 92 383 267
Telephone 108 84 346 248
Other 692 655 1,868 1,964
Total other expenses 6,114 5,126 17,570 15,131
Income before provision for income taxes 1,544 1,341 6,077 3,555
Provision for income taxes 526 455 2,074 1,203
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 1,018 $ 886 $ 4,003 $ 2,352
INCOME PER COMMON SHARE:        
Basic (in dollars per share) $ 0.16 $ 0.16 $ 0.64 $ 0.43
Diluted (in dollars per share) $ 0.16 $ 0.16 $ 0.64 $ 0.42