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Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest income:        
Interest and fees on loans $ 8,958 $ 9,511 $ 17,991 $ 18,689
Interest on tax-exempt securities 478 381 1,010 703
Interest on U.S. government securities 633 507 1,311 945
Interest on other securities 577 342 1,228 615
Total interest income 10,646 10,741 21,540 20,952
Interest expense:        
Interest on demand deposits 204 226 430 456
Interest on savings deposits 229 221 475 440
Interest on certificates of deposit 1,272 1,554 2,585 3,315
Securities sold under agreements to repurchase 13 15 27 27
Interest on FHLB borrowings 148 138 312 267
Interest on other borrowings 263 406 529 719
Total interest expense 2,129 2,560 4,358 5,224
Net interest income 8,517 8,181 17,182 15,728
Provision for loan losses 2,580 1,600 4,980 3,850
Net interest income after provision for loan losses 5,937 6,581 12,202 11,878
Noninterest income:        
Service charges on deposit accounts 52 62 102 144
Payroll and benefit processing fees 102 100 230 228
Earnings on cash surrender value - Bank owned life insurance 119 107 230 215
Net gain on sale of securities available-for-sale 655 133 913 1,064
Merchant credit card service income, net 33 64 303 117
Mortgage banking revenue, net 2,550 2,776 5,083 5,336
Other income 114 85 216 137
Total noninterest income 3,625 3,327 7,077 7,241
Noninterest expense:        
Salaries and related benefits 4,068 3,365 8,321 7,076
Occupancy and equipment expense 800 924 1,528 1,853
Write down of other real estate owned 370 1,064 557 1,245
FDIC insurance premium 363 254 735 505
Data processing fees 91 64 190 153
Professional service fees 595 543 1,169 943
Director deferred fee compensation plan 131 122 258 240
Stationery and supplies 88 96 139 176
Postage 44 45 90 87
Directors' expense 67 68 141 152
Goodwill impairment   32   32
Other expenses 1,237 932 2,372 2,234
Total noninterest expense 7,854 7,509 15,500 14,696
Income before provision for income taxes 1,708 2,399 3,779 4,423
Provision for income taxes 216 750 647 1,494
Net Income 1,492 1,649 3,132 2,929
Less: Net income (loss) attributable to noncontrolling interest 6 144 (18) (111)
Net income attributable to Bank of Commerce Holdings 1,486 1,505 3,150 3,040
Less: preferred dividend and accretion on preferred stock 235 236 470 471
Income available to common shareholders $ 1,251 $ 1,269 $ 2,680 $ 2,569
Basic earnings per share $ 0.07 $ 0.08 $ 0.16 $ 0.20
Weighted average shares - basic 16,991 16,837 16,991 12,877
Diluted earnings per share $ 0.07 $ 0.08 $ 0.16 $ 0.20
Weighted average shares - diluted 16,991 16,837 16,991 12,877
Cash dividends declared $ 0.03 $ 0.06 $ 0.06 $ 0.12