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Consolidated Statements of Income (Unaudited) - USD ($)
$ 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 taxable loans $ 9,518 $ 8,914 $ 27,611 $ 25,381
Interest and fees on tax-exempt loans 130 86 384 252
Interest and dividends on taxable investment securities 1,509 1,260 4,396 3,689
Interest and dividends on tax-exempt investment securities 153 96 416 258
Interest on federal funds sold and other interest-earning assets 60 45 223 107
Total interest income 11,370 10,401 33,030 29,687
Interest expense:        
Demand- interest bearing 378 220 1,009 636
Money market and savings 538 509 1,592 1,392
Time deposits 183 189 528 540
Other borrowings 279 277 833 830
Total interest expense 1,378 1,195 3,962 3,398
Net interest income 9,992 9,206 29,068 26,289
Provision for loan losses 0 300 0 600
Net interest income after provision for loan losses 9,992 8,906 29,068 25,689
Non-interest income:        
Loan advisory and servicing fees 163 388 1,087 1,291
Gain on sales of SBA loans 884 614 2,684 2,814
Service fees on deposit accounts 452 316 1,213 896
Gain on sale of investment securities 64 0 73 458
Other-than-temporary impairment 0 0 (13) 21
Portion recognized in other comprehensive income (before taxes) 0 0 10 (28)
Net impairment loss on investment securities 0 0 (3) (7)
Other non-interest income 41 53 149 138
Total non-interest income 1,604 1,371 5,203 5,590
Non-interest expenses:        
Salaries and employee benefits 5,730 5,074 16,667 14,942
Occupancy 1,240 1,039 3,624 3,104
Depreciation and amortization 671 710 2,126 1,779
Legal 52 283 631 982
Other real estate owned 425 376 1,173 1,062
Advertising 233 91 475 453
Data processing 408 336 1,133 990
Insurance 162 148 532 427
Professional fees 293 330 968 1,160
Regulatory assessments and costs 318 258 911 791
Taxes, other 169 171 594 620
Other operating expenses 1,323 1,170 3,811 3,448
Total non-interest expense 11,024 9,986 32,645 29,758
Income before benefit for income taxes 572 291 1,626 1,521
Benefit for income taxes (10) (6) (17) (68)
Net income $ 582 $ 297 $ 1,643 $ 1,589
Net income per share:        
Basic (in Dollars per share) $ 0.02 $ 0.01 $ 0.04 $ 0.05
Diluted (in Dollars per share) $ 0.02 $ 0.01 $ 0.04 $ 0.05