XML 69 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest income:        
Interest and fees on loans $ 8,357 $ 7,350 $ 24,572 $ 21,632
Interest on taxable securities 743 1,001 2,489 3,230
Interest on tax-exempt securities 592 629 1,793 1,916
Interest on interest-bearing deposits in other banks 40 122 167 386
Total interest income 9,732 9,102 29,021 27,164
Interest expense:        
Interest on demand deposits 116 123 339 362
Interest on savings deposits 53 59 162 173
Interest on certificates of deposit 586 650 1,771 1,985
Interest on Federal Home Loan Bank of San Francisco borrowings 475 228 1,187 52
Interest on junior subordinated debentures 47 94 143 281
Total interest expense 1,277 1,154 3,602 2,853
Net interest income 8,455 7,948 25,419 24,311
Provision for loan and lease losses   1,050   2,500
Net interest income after provision for loan and lease losses 8,455 6,898 25,419 21,811
Noninterest income:        
Service charges on deposit accounts 52 50 153 135
Fees on payroll and benefit processing 138 127 416 371
Earnings on cash surrender value - life insurance 158 171 482 459
Gain (loss) on investment securities, net 137 32 413 (252)
Other income 323 291 1,079 2,458
Total noninterest income 808 671 2,543 3,171
Noninterest expense:        
Salaries and related benefits 3,208 3,520 10,693 10,664
Premises and equipment 714 749 2,157 2,069
Write-down of other real estate owned       290
Federal Deposit Insurance Corporation insurance premium 159 204 544 584
Data processing fees 243 226 736 656
Professional service fees 337 283 1,167 817
Other expenses 913 789 2,992 4,182
Total noninterest expense 5,574 5,771 18,289 19,262
Income before provision for income taxes 3,689 1,798 9,673 5,720
Provision for income taxes 1,164 525 2,957 1,676
Net income 2,525 1,273 6,716 4,044
Less: Preferred stock dividends 50 50 150 150
Income available to common shareholders $ 2,475 $ 1,223 $ 6,566 $ 3,894
Earnings per share - basic (in Dollars per share) $ 0.18 $ 0.09 $ 0.49 $ 0.29
Weighted average shares - basic (in Shares) 13,340 13,294 13,327 13,536
Earnings per share - diluted (in Dollars per share) $ 0.18 $ 0.09 $ 0.49 $ 0.29
Weighted average shares - diluted (in Shares) 13,377 13,339 13,358 13,582