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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest and fees on loans:        
Taxable $ 8,684 $ 7,742 $ 16,644 $ 15,967
Tax-exempt 13 3 15 6
Interest on securities:        
Taxable 304 261 566 563
Tax-exempt 26 53 57 94
Other interest income 66 40 121 102
Total interest income 9,093 8,099 17,403 16,732
INTEREST EXPENSE:        
Deposits 771 801 1,540 1,624
Borrowings 326 298 579 588
Total interest expense 1,097 1,099 2,119 2,212
Net interest income 7,996 7,000 15,284 14,520
Provision for loan losses 150 200 150 505
Net interest income after provision for loan losses 7,846 6,800 15,134 14,015
OTHER INCOME:        
Deposit service fees 248 244 464 428
Income from loans sold on the secondary market 339 282 606 449
SBA/USDA loan sale gains 166 282 166 400
Mortgage servicing (amortization) income (8) 199 (62) 230
Net realized security gains 12 259 109 269
Other 139 84 240 198
Total other income 896 1,350 1,523 1,974
OTHER EXPENSE:        
Salaries and employee benefits 3,519 2,916 6,906 5,963
Occupancy 640 626 1,280 1,202
Furniture and equipment 425 390 808 789
Data processing 333 359 678 714
Advertising 181 120 337 246
Professional service fees 257 279 498 580
Loan and deposit 155 125 282 263
Writedowns and (gains) losses on other real estate held for sale (14) 20 2 37
FDIC insurance assessment 117 140 225 248
Telephone 122 106 234 238
Transaction related expenses 2,449   2,516  
Other 709 619 1,325 1,176
Total other expenses 8,893 5,700 15,091 11,456
Income before provision for income taxes (151) 2,450 1,566 4,533
Provision for income taxes (26) 836 559 1,548
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ (125) $ 1,614 $ 1,007 $ 2,985
INCOME PER COMMON SHARE:        
Basic (in dollars per share) $ (0.02) $ 0.26 $ 0.16 $ 0.48
Diluted (in dollars per share) $ (0.02) $ 0.26 $ 0.16 $ 0.48