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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest income:        
Interest and fees on loans $ 8,777 $ 8,958 $ 17,644 $ 17,991
Interest on tax-exempt securities 585 478 1,165 1,010
Interest on U.S. government securities 408 633 799 1,311
Interest on other securities 794 577 1,526 1,228
Total interest income 10,564 10,646 21,134 21,540
Interest expense:        
Interest on demand deposits 153 204 310 430
Interest on savings deposits 105 229 221 475
Interest on certificates of deposit 1,005 1,272 2,070 2,585
Interest on securities sold under repurchase agreements 7 13 13 27
Interest on Federal Home Loan Bank borrowings (47) 148 103 312
Interest on other borrowings 630 263 1,241 529
Total interest expense 1,853 2,129 3,958 4,358
Net interest income 8,711 8,517 17,176 17,182
Provision for loan losses 1,650 2,580 2,950 4,980
Net interest income after provision for loan and lease losses 7,061 5,937 14,226 12,202
Noninterest income:        
Service charges on deposit accounts 50 52 97 102
Payroll and benefit processing fees 118 102 273 230
Earnings on cash surrender value - Bank owned life insurance 114 119 227 230
Gain on investment securities, net 542 655 1,187 913
Merchant credit card service income, net 38 33 73 303
Mortgage banking revenue, net 6,144 2,550 11,076 5,083
Other income 146 114 271 216
Total noninterest income 7,152 3,625 13,204 7,077
Noninterest expense:        
Salaries and related benefits 6,478 4,017 12,460 8,231
Occupancy and equipment expense 825 800 1,687 1,528
Write down of other real estate owned 425 370 425 557
Federal Deposit Insurance Corporation insurance premium 198 363 410 735
Data processing fees 115 91 185 190
Professional service fees 639 595 1,302 1,169
Deferred compensation expense 146 131 290 258
Other expenses 1,835 1,487 3,781 2,832
Total noninterest expense 10,661 7,854 20,540 15,500
Income before provision for income taxes 3,552 1,708 6,890 3,779
Provision for income taxes 1,128 216 2,230 647
Net Income 2,424 1,492 4,660 3,132
Less: Net income (loss) attributable to noncontrolling interest 172 6 348 (18)
Net income attributable to Bank of Commerce Holdings 2,252 1,486 4,312 3,150
Less: Preferred dividend and accretion on preferred stock 248 235 434 470
Income available to common shareholders $ 2,004 $ 1,251 $ 3,878 $ 2,680
Basic earnings per share $ 0.12 $ 0.07 $ 0.23 $ 0.16
Weighted average shares - basic 16,302 16,991 16,553 16,991
Diluted earnings per share $ 0.12 $ 0.07 $ 0.23 $ 0.16
Weighted average shares - diluted 16,302 16,991 16,553 16,991