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Consolidated Statements of Operations (unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest income:        
Interest and fees on taxable loans $ 8,914 $ 8,060 $ 25,381 $ 23,888
Interest and fees on tax-exempt loans 86 86 252 266
Interest and dividends on taxable investment securities 1,260 1,097 3,689 3,187
Interest and dividends on tax-exempt investment securities 96 56 258 177
Interest on federal funds sold and other interest-earning assets 45 40 107 143
Total interest income 10,401 9,339 29,687 27,661
Interest expense:        
Demand- interest bearing 220 213 636 615
Money market and savings 509 425 1,392 1,355
Time deposits 189 197 540 680
Other borrowings 277 278 830 834
Total interest expense 1,195 1,113 3,398 3,484
Net interest income 9,206 8,226 26,289 24,177
Provision for loan losses 300 250 600 1,175
Net interest income after provision for loan losses 8,906 7,976 25,689 23,002
Non-interest income:        
Loan advisory and servicing fees 388 446 1,291 1,220
Gain on sales of SBA loans 614 1,106 2,814 3,863
Service fees on deposit accounts 316 270 896 769
Legal settlements 0 0 0 238
Gain on sale of investment securities 0 0 458 703
Other-than-temporary impairment 0 0 21 0
Portion recognized in other comprehensive income (before taxes) 0 0 (28) 0
Net impairment loss on investment securities 0 0 (7) 0
Bank owned life insurance income 0 0 0 13
Other non-interest income 53 70 138 199
Total non-interest income 1,371 1,892 5,590 7,005
Non-interest expenses:        
Salaries and employee benefits 5,074 4,486 14,942 13,276
Occupancy 1,039 941 3,104 2,661
Depreciation and amortization 710 671 1,779 1,626
Legal 283 544 982 1,411
Other real estate owned 376 745 1,062 1,771
Advertising 91 103 453 321
Data processing 336 299 990 715
Insurance 148 155 427 466
Professional fees 330 358 1,160 1,040
Regulatory assessments and costs 258 327 791 912
Taxes, other 171 63 620 566
Legal settlement 0 1,875 0 1,875
Other operating expenses 1,170 1,541 3,448 3,654
Total non-interest expense 9,986 12,108 29,758 30,294
Income (loss) before benefit for income taxes 291 (2,240) 1,521 (287)
Benefit for income taxes (6) (18) (68) (68)
Net income (loss) $ 297 $ (2,222) $ 1,589 $ (219)
Net income (loss) per share:        
Basic (in dollars per share) $ 0.01 $ (0.09) $ 0.05 $ (0.01)
Diluted (in dollars per share) $ 0.01 $ (0.09) $ 0.05 $ (0.01)