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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest income:        
Interest and fees on taxable loans $ 9,142 $ 8,226 $ 18,093 $ 16,467
Interest and fees on tax-exempt loans 128 84 254 166
Interest and dividends on taxable investment securities 1,405 1,188 2,887 2,429
Interest and dividends on tax-exempt investment securities 138 83 263 162
Interest on federal funds sold and other interest-earning assets 86 50 163 62
Total interest income 10,899 9,631 21,660 19,286
Interest expense:        
Demand- interest bearing 341 225 631 416
Money market and savings 501 467 1,054 883
Time deposits 170 178 345 351
Other borrowings 278 277 554 553
Total interest expense 1,290 1,147 2,584 2,203
Net interest income 9,609 8,484 19,076 17,083
Provision for loan losses 0 300 0 300
Net interest income after provision for loan losses 9,609 8,184 19,076 16,783
Non-interest income:        
Loan advisory and servicing fees 325 466 924 903
Gain on sales of SBA loans 1,222 1,046 1,800 2,200
Service fees on deposit accounts 398 287 761 580
Gain on sale of investment securities 9 458 9 458
Other-than-temporary impairment 0 21 (13) 21
Portion recognized in other comprehensive income (before taxes) 0 (28) 10 (28)
Net impairment loss on investment securities 0 (7) (3) (7)
Other non-interest income 68 39 108 85
Total non-interest income 2,022 2,289 3,599 4,219
Non-interest expenses:        
Salaries and employee benefits 5,715 4,828 10,937 9,868
Occupancy 1,219 1,027 2,384 2,065
Depreciation and amortization 732 571 1,455 1,069
Legal 340 444 579 699
Other real estate owned 371 340 748 686
Advertising 91 214 242 362
Data processing 373 354 725 654
Insurance 190 122 370 279
Professional fees 350 428 675 830
Regulatory assessments and costs 301 196 593 533
Taxes, other 204 234 425 449
Other operating expenses 1,217 1,199 2,488 2,278
Total non-interest expense 11,103 9,957 21,621 19,772
Income before benefit for income taxes 528 516 1,054 1,230
Benefit for income taxes (5) (21) (7) (62)
Net income $ 533 $ 537 $ 1,061 $ 1,292
Net income per share:        
Basic (in Dollars per share) $ 0.01 $ 0.02 $ 0.03 $ 0.04
Diluted (in Dollars per share) $ 0.01 $ 0.02 $ 0.03 $ 0.04